Brokerages forecast that Potlatch Corporation (NASDAQ:PCH) will report sales of $170.09 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Potlatch’s earnings. The lowest sales estimate is $170.00 million and the highest is $170.18 million. Potlatch posted sales of $155.68 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, January 30th.

On average, analysts expect that Potlatch will report full year sales of $170.09 million for the current fiscal year, with estimates ranging from $673.40 million to $673.53 million. For the next fiscal year, analysts forecast that the business will post sales of $712.73 million per share, with estimates ranging from $707.70 million to $717.76 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Potlatch.

Potlatch (NASDAQ:PCH) last issued its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.06. The business had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share.

A number of brokerages recently weighed in on PCH. Vertical Research downgraded shares of Potlatch from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of Potlatch from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Bank of America boosted their target price on shares of Potlatch from $50.00 to $54.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. BMO Capital Markets restated a “hold” rating on shares of Potlatch in a report on Monday, October 23rd. Finally, Zacks Investment Research downgraded shares of Potlatch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Potlatch currently has an average rating of “Hold” and a consensus price target of $49.40.

In other Potlatch news, VP William R. Dereu sold 4,720 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.50, for a total value of $247,800.00. Following the transaction, the vice president now directly owns 26,142 shares in the company, valued at $1,372,455. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.52% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in PCH. Teachers Advisors LLC increased its holdings in shares of Potlatch by 2.6% in the first quarter. Teachers Advisors LLC now owns 75,374 shares of the real estate investment trust’s stock valued at $3,445,000 after purchasing an additional 1,945 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Potlatch by 80.9% in the second quarter. Bank of Montreal Can now owns 49,769 shares of the real estate investment trust’s stock valued at $2,274,000 after purchasing an additional 22,264 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of Potlatch by 18.2% in the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 483 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Potlatch by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 400 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Potlatch by 4.1% in the second quarter. Aperio Group LLC now owns 15,094 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.

Potlatch (NASDAQ:PCH) opened at $51.20 on Wednesday. The firm has a market cap of $2,061.00, a price-to-earnings ratio of 22.66, a P/E/G ratio of 4.25 and a beta of 1.44. Potlatch has a fifty-two week low of $39.05 and a fifty-two week high of $56.35. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92.

The business also recently disclosed 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’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 7th. Potlatch’s payout ratio is currently 69.12%.

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About Potlatch

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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