Potlatch Corporation (NASDAQ:PCH) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06, MarketWatch Earnings reports. Potlatch Corporation had a return on equity of 50.54% and a net margin of 12.94%. The firm had revenue of $190.40 million for the quarter, compared to analyst estimates of $187.29 million. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.

Shares of Potlatch Corporation (NASDAQ PCH) traded down 3.05% during midday trading on Tuesday, reaching $50.90. The company’s stock had a trading volume of 99,634 shares. The company’s 50-day moving average price is $50.40 and its 200 day moving average price is $47.29. Potlatch Corporation has a 12-month low of $36.35 and a 12-month high of $56.35. The company has a market capitalization of $2.07 billion, a P/E ratio of 25.19 and a beta of 1.41.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.40 dividend. This is an increase from Potlatch Corporation’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, December 7th. Potlatch Corporation’s payout ratio is presently 73.89%.

A number of equities analysts recently commented on PCH shares. UBS AG lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Raymond James Financial, Inc. lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research lowered Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Potlatch Corporation in a research note on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.75.

COPYRIGHT VIOLATION NOTICE: This article was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/23/potlatch-corporation-pch-releases-earnings-results.html.

About Potlatch Corporation

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.

Earnings History for Potlatch Corporation (NASDAQ:PCH)

Receive News & Ratings for Potlatch Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch Corporation and related companies with MarketBeat.com's FREE daily email newsletter.