Share on StockTwits

Plum Creek Timber Company Inc. (NYSE:PCL) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $1.05-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.39, Stock Ratings News reports. Plum Creek Timber Company also updated its Q3 guidance to $0.27-0.32 EPS.

Several analysts have recently commented on the stock. Analysts at RBC Capital downgraded shares of Plum Creek Timber Company from an outperform rating to a sector perform rating in a research note on Wednesday, July 9th. They now have a $47.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Zacks reiterated an underperform rating on shares of Plum Creek Timber Company in a research note on Friday, May 16th. They now have a $39.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of Plum Creek Timber Company in a research note on Tuesday, April 29th. They now have a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $49.00.

Shares of Plum Creek Timber Company Inc. (NYSE:PCL) traded up 0.32% on Monday, hitting $43.91. 602,088 shares of the company’s stock traded hands. Plum Creek Timber Company Inc. has a one year low of $40.57 and a one year high of $50.08. The stock’s 50-day moving average is $44.47 and its 200-day moving average is $43.35. The company has a market cap of $7.776 billion and a P/E ratio of 39.33.

Plum Creek Timber Company (NYSE:PCL) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.31. The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $355.08 million. During the same quarter last year, the company posted $0.28 earnings per share. Plum Creek Timber Company’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Plum Creek Timber Company Inc. will post $1.39 earnings per share for the current fiscal year.

Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.