Potlatch Corporation(NASDAQ:PCH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $141.50M. Analysts estimated a revenue of $135.05M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.05.
Potlatch Corporation (PCH) made into the market gainers list on Fridays trading session with the shares advancing 0.66% or 0.25 points. Due to strong positive momentum, the stock ended at $38.25, which is also near the day’s high of $38.85. The stock began the session at $38.03 and the volume stood at 3,08,103 shares. The 52-week high of the shares is $38.85 and the 52 week low is $24.0101. The company has a current market capitalization of $1,550 M and it has 4,05,18,533 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, Larry Peiros (director) purchased 5,000 shares at $28.00 per share price.Also, 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.