Potlatch Corporation (PCH) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.07. The company posted revenue of $141.50 million in the period, compared to analysts expectations of $135.32 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Potlatch Corporation. Company shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .
Potlatch Corporation opened for trading at $36.61 and hit $36.82 on the upside on Wednesday, eventually ending the session at $36.68, with a gain of 0.19% or 0.07 points. The heightened volatility saw the trading volume jump to 98,379 shares. Company has a market cap of $1,492 M.
In a different news, on Feb 3, 2016, Larry Peiros (director) purchased 5,000 shares at $28.00 per share price. According to the SEC, on Feb 2, 2016, Boh A Dickey (director) purchased 5,000 shares at $28.68 per share price. On Aug 3, 2015, John S Moody (director) purchased 10,000 shares at $35.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Potlatch Corporation is a real estate investment trust (REIT). The Company owns approximately 1.6 million acres of timberlands in Alabama Arkansas Idaho Minnesota and Mississippi. The Company operates in three business segments: Resource Wood Products and Real Estate. The Resource segment manages the Company’s timberlands. Its Wood Products segment manufactures and markets lumber and plywood. The business of its Real Estate segment consists primarily of the sale of selected non-core timberland real estate which consists of three categories of property: higher and better use (HBU) rural real estate and non-strategic The Real Estate segment is engaged in real estate sales subdivision and development activities through Potlatch TRS. The Company through its wholly owned subsidiaries operates real estate sales and development business and five wood products manufacturing facilities that produce lumber and plywood.