$0.88 Earnings Per Share Expected for Potlatch Corporation (PCH) This Quarter

Equities analysts expect that Potlatch Corporation (NASDAQ:PCH) will report earnings of $0.88 per share for the current quarter, according to Zacks. Two analysts have made estimates for Potlatch Corporation’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.95. Potlatch Corporation posted earnings of $0.68 per share during the same quarter last year, which would suggest a positive year over year growth rate of 29.4%. The business is scheduled to report its next earnings results after the market closes on Monday, October 23rd.

On average, analysts expect that Potlatch Corporation will report full year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.25 to $2.60. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.36 per share, with EPS estimates ranging from $2.20 to $2.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Potlatch Corporation.

Several equities research analysts have recently weighed in on PCH shares. BidaskClub upgraded Potlatch Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of Potlatch Corporation in a report on Monday, July 31st. Zacks Investment Research upgraded Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price target on the stock in a report on Friday, July 28th. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 price target on shares of Potlatch Corporation in a report on Thursday, July 20th. Finally, Raymond James Financial, Inc. downgraded Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Potlatch Corporation currently has an average rating of “Hold” and a consensus target price of $45.80.

Large investors have recently made changes to their positions in the stock. Mosaic Financial Partners Inc. grew its stake in Potlatch Corporation by 5.0% in the second quarter. Mosaic Financial Partners Inc. now owns 45,204 shares of the real estate investment trust’s stock worth $2,066,000 after purchasing an additional 2,167 shares in the last quarter. American Century Companies Inc. boosted its position in Potlatch Corporation by 196.7% during the 2nd quarter. American Century Companies Inc. now owns 396,897 shares of the real estate investment trust’s stock valued at $18,138,000 after acquiring an additional 263,132 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Potlatch Corporation by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 236,671 shares of the real estate investment trust’s stock valued at $10,816,000 after acquiring an additional 17,517 shares in the last quarter. Bank of Montreal Can boosted its position in Potlatch Corporation by 80.9% during the 2nd quarter. Bank of Montreal Can now owns 49,769 shares of the real estate investment trust’s stock valued at $2,274,000 after acquiring an additional 22,264 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Potlatch Corporation by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 333,691 shares of the real estate investment trust’s stock valued at $15,249,000 after acquiring an additional 24,445 shares in the last quarter. 83.25% of the stock is currently owned by institutional investors.

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Potlatch Corporation (NASDAQ PCH) remained flat at $51.60 during trading on Friday. The company had a trading volume of 172,009 shares. The firm has a market capitalization of $2.10 billion, a P/E ratio of 25.53 and a beta of 1.41. Potlatch Corporation has a 1-year low of $36.35 and a 1-year high of $52.45. The firm’s 50 day moving average price is $49.04 and its 200 day moving average price is $46.91.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.50 annualized dividend and a yield of 2.91%. Potlatch Corporation’s dividend payout ratio (DPR) is currently 73.89%.

Potlatch Corporation Company Profile

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

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