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

Wall Street brokerages expect Potlatch Co. (NASDAQ:PCH) to post $167.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. 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 in the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Potlatch will report full-year sales of $167.33 million for the current fiscal year, with estimates ranging from $713.70 million to $960.59 million. For the next fiscal year, analysts anticipate that the firm will post sales of $873.02 million per share, with estimates ranging from $730.10 million to $1.02 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Potlatch.

Several research analysts recently commented on PCH shares. BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch in a research report on Monday, October 23rd. DA Davidson lifted their price objective on Potlatch to $47.00 and gave the company an “underperform” rating in a report on Tuesday, October 24th. BidaskClub cut Potlatch from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research cut Potlatch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America lifted their price objective on Potlatch from $50.00 to $54.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.17.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC bought a new position in shares of Potlatch during the third quarter valued at $142,000. Flinton Capital Management LLC increased its stake in shares of Potlatch by 68.8% in the second quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 1,802 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Potlatch in the third quarter valued at $206,000. Globeflex Capital L P acquired a new stake in shares of Potlatch in the fourth quarter valued at $240,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Potlatch in the second quarter valued at $231,000. 85.80% of the stock is owned by institutional investors.

Shares of Potlatch (PCH) traded up $0.75 during mid-day trading on Monday, reaching $54.75. The company had a trading volume of 431,808 shares, compared to its average volume of 600,128. The company has a market capitalization of $2,220.00, a PE ratio of 26.07, a P/E/G ratio of 3.69 and a beta of 1.39. Potlatch has a 52-week low of $42.80 and a 52-week high of $56.35. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.69 and a current ratio of 2.28.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.92%. Potlatch’s payout ratio is presently 76.19%.

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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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