Press coverage about Potlatch Corporation (NASDAQ:PCH) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Potlatch Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.8712070547349 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Potlatch Corporation (PCH) Expected to Announce Quarterly Sales of $166.24 Million (americanbankingnews.com)
- Potlatch Corporation : Corporate News Blog – Potlatch Acquires Deltic Timber in An All-Stock Transaction (4-traders.com)
- Potlatch Corporation’s (PCH) CEO Michael Covey on Q3 2017 Results – Earnings Call Transcript (msn.com)
- Potlatch Corporation (PCH) PT Raised to $47.00 at DA Davidson (americanbankingnews.com)
Potlatch Corporation (NASDAQ PCH) traded down 0.19% on Friday, hitting $51.80. The company had a trading volume of 532,156 shares. The company has a market capitalization of $2.10 billion, a P/E ratio of 23.87 and a beta of 1.41. The stock’s 50-day moving average price is $50.72 and its 200 day moving average price is $47.40. Potlatch Corporation has a one year low of $36.35 and a one year high of $56.35.
Potlatch Corporation (NASDAQ:PCH) last issued its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Potlatch Corporation had a return on equity of 54.42% and a net margin of 13.54%. The business had revenue of $190.40 million during the quarter, compared to analyst estimates of $187.29 million. During the same period in the previous year, the company posted $0.68 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Potlatch Corporation will post $2.40 EPS for the current fiscal year.
The company also recently announced 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 represents a $1.60 dividend on an annualized basis and a yield of 3.09%. This is a positive change from Potlatch Corporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 7th. Potlatch Corporation’s payout ratio is presently 69.12%.
PCH has been the subject of a number of research reports. BidaskClub downgraded Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. DA Davidson increased their price objective on Potlatch Corporation to $47.00 and gave the stock an “underperform” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded Potlatch Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets reiterated a “hold” rating and set a $40.00 price objective on shares of Potlatch Corporation in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $47.00 price objective on shares of Potlatch Corporation in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Potlatch Corporation has an average rating of “Hold” and an average target price of $49.40.
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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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