Wall Street brokerages expect Potlatch Co. (NASDAQ:PCH) to post sales of $152.08 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Potlatch’s earnings. The lowest sales estimate is $151.76 million and the highest is $152.4 million. Potlatch posted sales of $141.5 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The firm is expected to report its next earnings results on Tuesday, July 25th.

On average, analysts expect that Potlatch will report full year sales of $152.08 million for the current financial year, with estimates ranging from $649.64 million to $661.7 million. For the next financial year, analysts forecast that the firm will report sales of $688.94 million per share, with estimates ranging from $688.2 million to $689.68 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Potlatch.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.16. Potlatch had a net margin of 1.83% and a return on equity of 29.63%. The business had revenue of $149.70 million for the quarter, compared to analyst estimates of $137.66 million. Potlatch’s revenue was up 17.0% compared to the same quarter last year.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Potlatch from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Wednesday, April 5th. Vertical Research lowered shares of Potlatch from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. DA Davidson lowered shares of Potlatch from a “neutral” rating to an “underperform” rating and increased their target price for the company from $40.00 to $44.00 in a research report on Tuesday, April 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 target price (up previously from $36.00) on shares of Potlatch in a research report on Monday, February 27th. Finally, Royal Bank of Canada lowered shares of Potlatch from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $45.00 to $47.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.00.

Shares of Potlatch (NASDAQ:PCH) opened at 45.10 on Thursday. The stock has a 50 day moving average of $45.90 and a 200-day moving average of $42.96. Potlatch has a one year low of $31.29 and a one year high of $48.85. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 66.72 and a beta of 1.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $1.50 annualized dividend and a dividend yield of 3.33%. Potlatch’s dividend payout ratio (DPR) is 576.95%.

Several institutional investors have recently bought and sold shares of PCH. Ladenburg Thalmann Financial Services Inc. raised its position in Potlatch by 0.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,715 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 36 shares during the period. Stelac Advisory Services LLC raised its position in Potlatch by 0.8% in the third quarter. Stelac Advisory Services LLC now owns 11,143 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 87 shares during the period. State Treasurer State of Michigan raised its position in Potlatch by 0.6% in the first quarter. State Treasurer State of Michigan now owns 16,441 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 100 shares during the period. Laurel Wealth Advisors Inc. raised its position in Potlatch by 0.6% in the third quarter. Laurel Wealth Advisors Inc. now owns 18,879 shares of the real estate investment trust’s stock valued at $734,000 after buying an additional 110 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Potlatch by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 200 shares during the period. Institutional investors own 84.91% of the company’s stock.

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Potlatch 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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