$167.33 Million in Sales Expected for Potlatch Co. (PCH) This Quarter

Wall Street analysts forecast that Potlatch Co. (NASDAQ:PCH) will announce sales of $167.33 million for the current quarter, according to Zacks. Two analysts have made estimates for Potlatch’s earnings, with the highest sales estimate coming in at $170.26 million and the lowest estimate coming in at $164.40 million. Potlatch reported sales of $149.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The company is scheduled to announce its next earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Potlatch will report full-year sales of $167.33 million for the current financial year, with estimates ranging from $713.70 million to $960.59 million. For the next year, analysts expect that the firm will report sales of $873.02 million per share, with estimates ranging from $730.10 million to $1.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Potlatch.

Several research analysts recently weighed in on the stock. BidaskClub cut shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Raymond James Financial upgraded shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a research report on Monday, January 8th. Bank of America upgraded shares of Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 price objective for the company in a research report on Tuesday, January 2nd. Zacks Investment Research cut shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, DA Davidson boosted their price objective on shares of Potlatch to $47.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Potlatch presently has a consensus rating of “Hold” and a consensus price target of $49.67.

Potlatch (PCH) opened at $49.45 on Monday. The company has a quick ratio of 1.69, a current ratio of 2.28 and a debt-to-equity ratio of 2.79. Potlatch has a 1 year low of $42.80 and a 1 year high of $56.35. The firm has a market cap of $2,008.26, a P/E ratio of 20.35, a P/E/G ratio of 3.33 and a beta of 1.39.

Several institutional investors have recently modified their holdings of the business. FDx Advisors Inc. bought a new stake in shares of Potlatch during the 4th quarter valued at $521,000. Arrowstreet Capital Limited Partnership raised its position in shares of Potlatch by 219.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 154,893 shares of the real estate investment trust’s stock valued at $7,729,000 after acquiring an additional 106,400 shares during the last quarter. BlackRock Inc. raised its position in shares of Potlatch by 2.4% during the 4th quarter. BlackRock Inc. now owns 5,067,179 shares of the real estate investment trust’s stock valued at $252,853,000 after acquiring an additional 118,587 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Potlatch by 12.3% during the 4th quarter. Bank of New York Mellon Corp now owns 773,941 shares of the real estate investment trust’s stock valued at $38,619,000 after acquiring an additional 85,048 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Potlatch by 27.0% during the 4th quarter. Arizona State Retirement System now owns 29,229 shares of the real estate investment trust’s stock valued at $1,459,000 after acquiring an additional 6,219 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

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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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