Potlatch (PCH) to Release Quarterly Earnings on Monday

Potlatch (NASDAQ:PCH) will be announcing its earnings results before the market opens on Monday, January 29th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.

Potlatch (NASDAQ:PCH) last posted 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 company had revenue of $190.40 million during the quarter, compared to analyst estimates of $187.29 million. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. Potlatch’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. On average, analysts expect Potlatch to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Potlatch (PCH) opened at $51.95 on Monday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.72 and a current ratio of 2.17. The firm has a market cap of $2,109.74, a PE ratio of 23.94, a PEG ratio of 3.82 and a beta of 1.44. Potlatch has a 1-year low of $39.05 and a 1-year high of $56.35.

In related news, VP William R. Dereu sold 4,720 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the completion of the sale, the vice president now owns 26,142 shares of the company’s stock, valued at $1,372,455. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is owned by company insiders.

Several analysts have commented on PCH shares. BidaskClub lowered shares of Potlatch from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. Zacks Investment Research lowered shares of Potlatch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, DA Davidson raised their price objective on shares of Potlatch to $47.00 and gave the stock an “underperform” rating in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $49.67.

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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.

Earnings History for Potlatch (NASDAQ:PCH)

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