Potlatch Corp. (PCH) Announces Quarterly Results
Potlatch Corp. (NYSE:PCH) announced its earnings results on Tuesday. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.06, ARN reports. The company had revenue of $139.60 million for the quarter, compared to the consensus estimate of $146.20 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 27.8% on a year-over-year basis.
Potlatch Corp. (NYSE:PCH) opened at 37.92 on Tuesday. Potlatch Corp. has a 1-year low of $37.04 and a 1-year high of $51.48. The stock has a 50-day moving average of $38.49 and a 200-day moving average of $39.91. The company has a market cap of $1.537 billion and a price-to-earnings ratio of 21.92.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Potlatch Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, March 24th. They now have a $47.90 price target on the stock. On the ratings front, analysts at Buckingham Research upgraded shares of Potlatch Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, January 30th. They now have a $46.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Potlatch Corp. presently has an average rating of “Buy” and an average target price of $45.15.
Potlatch Corporation is a real estate investment trust. Through the Company’s wholly owned subsidiaries, it operates real estate sales and development business, and five wood products manufacturing facilities that produce lumber and plywood.
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