Potlatch Corporation (PCH) Getting Somewhat Positive News Coverage, Analysis Shows
News coverage about Potlatch Corporation (NASDAQ:PCH) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Potlatch Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.3067352106061 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- $170.09 Million in Sales Expected for Potlatch Corporation (PCH) This Quarter (americanbankingnews.com)
- Potlatch Corporation (PCH) and CatchMark Timber Trust (CTT) Critical Survey (americanbankingnews.com)
- Critical Comparison: CatchMark Timber Trust (CTT) & Potlatch Corporation (PCH) (americanbankingnews.com)
- $0.58 Earnings Per Share Expected for Potlatch Corporation (PCH) This Quarter (americanbankingnews.com)
Potlatch Corporation (NASDAQ:PCH) remained flat at $$52.65 on Wednesday. 252,900 shares of the company’s stock were exchanged, compared to its average volume of 314,886. The firm has a market capitalization of $2,138.16, a P/E ratio of 23.50, a PEG ratio of 4.41 and a beta of 1.45. Potlatch Corporation has a one year low of $39.05 and a one year high of $56.35. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.72 and a current ratio of 2.17.
Potlatch Corporation (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $190.40 million for the quarter, compared to analysts’ expectations of $187.29 million. Potlatch Corporation had a net margin of 13.54% and a return on equity of 54.42%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. research analysts expect that Potlatch Corporation will post 2.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.40 dividend. This is a boost from Potlatch Corporation’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, December 7th. Potlatch Corporation’s payout ratio is currently 69.12%.
Several equities analysts have recently issued reports on the stock. Vertical Research lowered shares of Potlatch Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of Potlatch Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Potlatch Corporation in a research report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch Corporation in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $49.40.
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In other Potlatch Corporation news, VP William R. Dereu sold 4,720 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the sale, the vice president now directly owns 26,142 shares of the company’s stock, valued at approximately $1,372,455. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.52% of the company’s stock.
Potlatch Corporation 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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