Plum Creek Timber Company (PCL) Announces Quarterly Earnings, Meets Expectations
Plum Creek Timber Company (NYSE:PCL) announced its earnings results on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31, AnalystRatingsNetwork.com reports. The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $355.08 million.
PCL has been the subject of a number of recent research reports. 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 the ratings front, 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 given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $49.00.
Plum Creek Timber Company (NYSE:PCL) traded up 0.32% during mid-day trading on Monday, hitting $43.91. The stock had a trading volume of 601,884 shares. Plum Creek Timber Company 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, Inc (NYSE:PCL) is a private timberland owner in the United States.
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