$0.31 Earnings Per Share Expected for Potlatch Co. (PCH) This Quarter

Wall Street brokerages expect Potlatch Co. (NASDAQ:PCH) to announce earnings of $0.31 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Potlatch’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.37. Potlatch reported earnings per share of $0.13 during the same quarter last year, which indicates a positive year over year growth rate of 138.5%. The company is expected to announce its next earnings results on Tuesday, July 25th.

According to Zacks, analysts expect that Potlatch will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $2.20. For the next year, analysts anticipate that the business will report earnings of $2.13 per share, with EPS estimates ranging from $1.90 to $2.29. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Potlatch.

Potlatch (NASDAQ:PCH) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. Potlatch had a return on equity of 29.63% and a net margin of 1.83%. The company had revenue of $149.70 million during the quarter, compared to analysts’ expectations of $137.66 million. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis.

Several research firms have recently weighed in on PCH. Zacks Investment Research raised Potlatch from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Tuesday, May 2nd. Royal Bank of Canada downgraded Potlatch from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $45.00 to $47.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Vertical Research downgraded Potlatch from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 target price (up from $36.00) on shares of Potlatch in a report on Monday, February 27th. Finally, DA Davidson downgraded Potlatch from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $40.00 to $44.00 in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.00.

Hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in Potlatch by 8.6% in the third quarter. BlackRock Fund Advisors now owns 2,669,414 shares of the real estate investment trust’s stock valued at $103,814,000 after buying an additional 211,774 shares in the last quarter. BlackRock Inc. increased its stake in Potlatch by 6.4% in the third quarter. BlackRock Inc. now owns 18,166 shares of the real estate investment trust’s stock valued at $706,000 after buying an additional 1,092 shares in the last quarter. BlackRock Advisors LLC increased its stake in Potlatch by 10.0% in the third quarter. BlackRock Advisors LLC now owns 21,343 shares of the real estate investment trust’s stock valued at $830,000 after buying an additional 1,935 shares in the last quarter. Prudential Financial Inc. increased its stake in Potlatch by 7.7% in the third quarter. Prudential Financial Inc. now owns 28,022 shares of the real estate investment trust’s stock valued at $1,090,000 after buying an additional 2,000 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Potlatch by 13.0% in the third quarter. Sei Investments Co. now owns 14,169 shares of the real estate investment trust’s stock valued at $551,000 after buying an additional 1,629 shares in the last quarter. 84.91% of the stock is owned by hedge funds and other institutional investors.

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Potlatch (NASDAQ:PCH) traded up 0.22% during midday trading on Tuesday, reaching $45.40. The company’s stock had a trading volume of 166,880 shares. Potlatch has a 1-year low of $31.29 and a 1-year high of $48.85. The firm has a market capitalization of $1.84 billion, a PE ratio of 67.16 and a beta of 1.40. The stock’s 50-day moving average price is $45.95 and its 200 day moving average price is $43.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, June 5th. Potlatch’s dividend payout ratio is presently 576.95%.

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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