Plum Creek Timber’s price movement

Plum Creek Timber (PCL) has a market capitalization of $7.1 billion. Its YTD (year-to-date) price movement has been mixed between ups and downs in 2015.

After its 3Q15 earnings report, Plum Creek Timber fell by 0.15% to close at $40.79 per share as of October 26, 2015. Its price movements on a weekly, monthly, and YTD basis are -0.83%, 2.8%, and -1.7%, respectively.

Plum Creek Timber’s Income and Revenue Rose in 3Q15

Technically, Plum Creek Timber has broken the support of its 20-day, 50-day, and 200-day moving averages throughout 2015. Currently, it’s trading 0.35% above its 20-day moving average, 2.4% above its 50-day moving average, and -0.91% below its 200-day moving average.

The iShares Global Timber & Forestry ETF (WOOD) invests 7.8% of its holdings in Plum Creek Timber. The ETF tracks the 25 largest publicly listed companies that own or manage forests and timberlands. The ETF’s YTD price movement was -6.5% as of October 23, 2015.

Plum Creek Timber’s competitors and their market capitalizations are as follows:

  • Weyerhaeuser (WY) — $15.1 billion
  • Rayonier (RYN) — $2.9 billion
  • Louisiana-Pacific (LPX) — $2.5 billion
  • Potlatch Corporation (PCH) — $1.2 billion

Performance of Plum Creek Timber in 3Q15

Plum Creek Timber reported revenue of $414 million in 3Q15, a rise of 37.1% on a quarterly basis. The company’s revenue from timber rose by 9.4%, and its revenue from manufacturing fell by 7.6% in 3Q15. Its revenue from real estate rose to $129 million in 3Q15 as compared to revenue from real estate of $25 million in 2Q15.

The company’s cost of goods sold as a percentage of revenue fell by 14.7% in 3Q15. Its net income and EPS (earnings per share) rose to $100 million and $0.58 per share in 3Q15 as compared to net income and EPS of $21 million and $0.12 per share in 2Q15.

Plum Creek Timber’s net profit margin was reported as 24.2% in 3Q15. Its debt-to-equity ratio rose by 0.43% in 3Q15 on a quarterly basis.

The following are some of Plum Creek Timber’s key 3Q15 activities:

  • The company declared a quarterly cash dividend of $0.44 per share on its common stock.
  • Michelle J. Goldberg joined Plum Creek Timber’s board of directors.
  • Plum Creek Timber formed a joint venture with several institutional investors to own and sustainably manage a portfolio of US timberland.
  • The company completed the sale of ~98,000 acres of timberland in West Central Florida to Hancock Timber Resource Group for ~$120 million.

About Plum Creek Timber

Plum Creek Timber is a steward of land, forests, and natural resources. It enhances asset value while protecting the environment and promoting prosperity in communities.

Latest articles

Apple Arcade (AAPL) is a subscription gaming service that was unveiled at Apple’s annual event last week. The service will launch on September 19.

Cannabis legalization is gaining traction not only in the US but also globally. The third presidential Democratic debate was held on September 12.

Google has agreed to make a one-time settlement of over $945 million euros to the French ministry. The ministry accused Google of evading taxes.

In Q4 2018, legendary investor George Soros sold all his holding in Apple (AAPL). In Q3 2018, Apple represented around 0.2% of his total portfolio.

Jim Chanos, the founder and president of Kynikos Associates, is a long-time short-seller of Tesla stock. Tesla stock has fallen 17.5% in the last year.

Despite Aurora Cannabis's subdued results, Cowen initiated coverage on five cannabis stocks: CRLBF, GTBIF, CURLF, MMNFF, and ACRGF.