About Potlatch Corporation (NASDAQ:PCH)
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. It operates through three segments: Resource, Wood Products and Real Estate. Its primary objectives include using its timberland investments to generate income and maximizing the long-term value of its assets. Its Resource segment manages its timberlands. Its Wood Products segment manufactures and markets lumber, plywood and residual products at mills located in Arkansas, Idaho, Michigan and Minnesota. The activities of its Real Estate segment consist primarily of the sale of non-core timberlands in the categories of higher and better use (HBU), rural recreational real estate and non-strategic properties.
Industry, Sector and Symbol
Industry Timber REITs
Trailing P/E Ratio23.5
Forward P/E Ratio21.99
Sales & Book Value
Annual Sales$599.10 million
Price / Sales3.56
Cash Flow$2.02 per share
Price / Cash26.07
Book Value$4.71 per share
Price / Book11.16
Net Income$10.93 million
Return on Equity54.42%
Return on Assets9.75%
Frequently Asked Questions for Potlatch Corporation (NASDAQ:PCH)
What is Potlatch Corporation's stock symbol?
Potlatch Corporation trades on the NASDAQ under the ticker symbol "PCH."
How often does Potlatch Corporation pay dividends? What is the dividend yield for Potlatch Corporation?
Potlatch Corporation announced a quarterly dividend on Monday, October 23rd. Investors of record on Friday, December 8th will be paid a dividend of $0.40 per share on Friday, December 29th. This represents a $1.60 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from Potlatch Corporation's previous quarterly dividend of $0.38. View Potlatch Corporation's Dividend History.
How were Potlatch Corporation's earnings last quarter?
Potlatch Corporation (NASDAQ:PCH) released its earnings results on Monday, October, 23rd. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.88 by $0.06. The real estate investment trust earned $190.40 million during the quarter, compared to the consensus estimate of $187.29 million. Potlatch Corporation had a net margin of 13.54% and a return on equity of 54.42%. Potlatch Corporation's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. View Potlatch Corporation's Earnings History.
When will Potlatch Corporation make its next earnings announcement?
Where is Potlatch Corporation's stock going? Where will Potlatch Corporation's stock price be in 2017?
6 equities research analysts have issued 1 year price objectives for Potlatch Corporation's stock. Their predictions range from $40.00 to $54.00. On average, they anticipate Potlatch Corporation's stock price to reach $47.00 in the next twelve months. View Analyst Ratings for Potlatch Corporation.
What are Wall Street analysts saying about Potlatch Corporation stock?
Here are some recent quotes from research analysts about Potlatch Corporation stock:
- 1. According to Zacks Investment Research, "Potlatch Corp. is an integrated forest products company with substantial timber resources. It is engaged principally in the growing and harvesting of timber and the manufacture and sale of wood products, printing papers and pulp and paper products. Its timberlands and all of its manufacturing facilities are located within the continental United States. " (11/22/2017)
- 2. BMO Capital Markets analysts commented, "Boosting price target to $40. Maintaining Market Perform rating. The increase is driven by a higher mid-cycle EBITDA estimate in Wood Products, as well as a lower discount to NAV (current = 5%, prior = 10%). Separately, Deltic's largest shareholder'Southeastern Asset Management'filed a Form 13D last week and noted it has been approached by multiple parties interested in merging with or acquiring Deltic Timber. In our view, PCH appears to be the most likely candidate for Deltic Timber among the timber REITs." (2/27/2017)
Who are some of Potlatch Corporation's key competitors?
Some companies that are related to Potlatch Corporation include JELD-WEN Holding (JELD), Rayonier (RYN), Louisiana-Pacific Corporation (LPX), Floor & Decor Holdings (FND), Imi Plc (IMIAY), Trex Company (TREX), Summit Materials (SUM), Rotork Plc (RTOXY), Dycom Industries (DY), Norbord (OSB), Armstrong World Industries (AWI), Simpson Manufacturing Company (SSD), ABM Industries Incorporated (ABM), Grafton Group PLC (GROUF), KB Home (KBH), TopBuild Corp. (BLD), Universal Forest Products (UFPI) and GCP Applied Technologies (GCP).
Who are Potlatch Corporation's key executives?
Potlatch Corporation's management team includes the folowing people:
- Michael J. Covey, Chairman of the Board, Chief Executive Officer (Age 59)
- Eric J. Cremers, President, Chief Operating Officer, Director (Age 53)
- Jerald W. Richards, Chief Financial Officer, Vice President (Age 48)
- Stephanie A. Brady, Controller, Principal Accounting Officer (Age 49)
- Lorrie D. Scott, Vice President, General Counsel, Corporate Secretary (Age 62)
- William R. DeReu, Vice President - Real Estate and Lake States Resource (Age 50)
- Thomas J. Temple, Vice President - Wood Products and Southern Resource (Age 60)
- John S. Moody, Lead Independent Director (Age 68)
- Linda M. Breard CPA, Independent Director (Age 47)
- William L. Driscoll, Independent Director (Age 54)
Who owns Potlatch Corporation stock?
Potlatch Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Pictet Asset Management Ltd. (2.72%), American Century Companies Inc. (2.16%), Fuller & Thaler Asset Management Inc. (2.03%), Bank of New York Mellon Corp (1.70%), JPMorgan Chase & Co. (1.41%) and Principal Financial Group Inc. (0.91%). Company insiders that own Potlatch Corporation stock include Boh A Dickey, Larry Peiros and William R Dereu. View Institutional Ownership Trends for Potlatch Corporation.
Who sold Potlatch Corporation stock? Who is selling Potlatch Corporation stock?
Potlatch Corporation's stock was sold by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., Russell Investments Group Ltd., BNP Paribas Arbitrage SA, Comerica Bank, Wells Fargo & Company MN, State of Tennessee Treasury Department, Virginia Retirement Systems ET AL and California State Teachers Retirement System. View Insider Buying and Selling for Potlatch Corporation.
Who bought Potlatch Corporation stock? Who is buying Potlatch Corporation stock?
Potlatch Corporation's stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, Boston Advisors LLC, Nationwide Fund Advisors, Pictet Asset Management Ltd., New Amsterdam Partners LLC NY and KBC Group NV. Company insiders that have bought Potlatch Corporation stock in the last two years include Boh A Dickey and Larry Peiros. View Insider Buying and Selling for Potlatch Corporation.
How do I buy Potlatch Corporation stock?
Shares of Potlatch Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Potlatch Corporation's stock price today?
One share of Potlatch Corporation stock can currently be purchased for approximately $52.55.
How big of a company is Potlatch Corporation?
Potlatch Corporation has a market capitalization of $2.14 billion and generates $599.10 million in revenue each year. The real estate investment trust earns $10.93 million in net income (profit) each year or $2.17 on an earnings per share basis. Potlatch Corporation employs 953 workers across the globe.
How can I contact Potlatch Corporation?
Potlatch Corporation's mailing address is 601 WEST FIRST AVENUE SUITE 1600, SPOKANE WA, 99201. The real estate investment trust can be reached via phone at 509-835-1500.
MarketBeat Community Rating for Potlatch Corporation (PCH)MarketBeat's community ratings are surveys of what our community members think about Potlatch Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Potlatch Corporation (NASDAQ:PCH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 3 Hold Ratings, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 1.50)|
|Consensus Price Target: ||$47.00 (10.56% downside)|
Consensus Price Target History for Potlatch Corporation (NASDAQ:PCH)
Analysts' Ratings History for Potlatch Corporation (NASDAQ:PCH)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/25/2017||Bank of America Corporation||Boost Price Target||Underperform||$50.00 -> $54.00||N/A|
|10/24/2017||DA Davidson||Boost Price Target||Underperform||$47.00||N/A|
|10/23/2017||BMO Capital Markets||Reiterated Rating||Hold||N/A|
|10/4/2017||Vertical Research||Downgrade||Hold -> Sell||Low|
|7/31/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$47.00||Low|
|6/27/2017||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||High|
|11/16/2016||Vertical Group||Downgrade||Buy -> Hold||N/A|
|10/17/2016||Buckingham Research||Downgrade||Buy -> Neutral||$42.00||N/A|
Earnings History and Estimates Chart for Potlatch Corporation (NASDAQ:PCH)
Earnings History by Quarter for Potlatch Corporation (NASDAQ PCH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/23/2017||Q3 2017||$0.88||$0.94||$187.29 million||$190.40 million||View||N/A|
|4/26/2017||Q1 2017||$0.25||$0.41||$137.66 million||$149.70 million||View||N/A|
|1/31/2017||Q416||$0.31||$0.35||$147.43 million||$155.70 million||View||N/A|
|10/21/2016||Q316||$0.65||$0.68||$180.07 million||$174.00 million||View||Listen|
|7/26/2016||Q216||$0.06||$0.13||$128.70 million||$141.50 million||View||Listen|
|1/26/2016||Q415||$0.06||$0.09||$146.10 million||$138.00 million||View||Listen|
|10/27/2015||Q315||$0.52||$0.53||$180.93 million||$174.50 million||View||Listen|
|7/28/2015||Q215||$0.02||$0.02||$133.81 million||$128.70 million||View||Listen|
|4/22/2015||Q115||$0.19||$0.14||$135.10 million||$134.10 million||View||Listen|
|1/28/2015||Q414||$0.40||$0.45||$151.90 million||$146.20 million||View||Listen|
|10/20/2014||Q314||$0.83||$0.81||$186.00 million||$177.20 million||View||Listen|
|7/23/2014||Q214||$0.42||$0.40||$139.93 million||$143.90 million||View||N/A|
|4/22/2014||Q114||$0.44||$0.50||$146.20 million||$139.60 million||View||N/A|
|1/27/2014||Q413||$0.35||$0.34||$140.68 million||$140.00 million||View||N/A|
|10/22/2013||Q313||$0.62||$0.54||$161.65 million||$157.90 million||View||N/A|
|7/24/2013||Q213||$0.30||$0.47||$135.95 million||$133.20 million||View||N/A|
|4/23/2013||Q113||$0.23||$0.38||$132.15 million||$139.30 million||View||N/A|
|1/29/2013||Q412||$0.31||$0.34||$134.51 million||$143.30 million||View||N/A|
Earnings Estimates for Potlatch Corporation (NASDAQ:PCH)
Current Year EPS Consensus Estimate: $2.39 EPS
Next Year EPS Consensus Estimate: $2.55 EPS
Current Dividend Information for Potlatch Corporation (NASDAQ:PCH)
|Payout Ratio:||69.12% (Trailing 12 Months of Earnings) |
62.76% (Based on This Year's Estimates)
58.82% (Based on Next Year's Estimates)
Dividend History by Quarter for Potlatch Corporation (NASDAQ PCH)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Potlatch Corporation (NASDAQ PCH)
Insider Ownership Percentage: 1.52%
Institutional Ownership Percentage: 83.03%
Insider Trades by Quarter for Potlatch Corporation (NASDAQ PCH)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/10/2017||William R Dereu||VP||Sell||4,720||$52.50||$247,800.00|| |
|12/7/2016||William R. Dereu||VP||Sell||6,216||$41.96||$260,823.36|| |
|12/5/2016||William R. Dereu||VP||Sell||4,216||$41.55||$175,174.80|| |
|2/2/2016||Larry Peiros||Director||Buy||5,000||$28.00||$140,000.00|| |
|2/1/2016||Boh A Dickey||Director||Buy||5,000||$28.68||$143,400.00|| |
|7/31/2015||John S Moody||Director||Buy||10,000||$35.04||$350,400.00|| |
|2/7/2014||Jerald Richards||CFO||Buy||3,420||$38.26||$130,849.20|| |
|2/26/2013||Thomas J Temple||VP||Sell||5,253||$43.92||$230,711.76|| |
Latest Headlines for Potlatch Corporation (NASDAQ PCH)
Potlatch Corporation (NASDAQ PCH) Chart for Thursday, November, 23, 2017