Equities analysts expect that CatchMark Timber Trust (NYSE:CTT) will report earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for CatchMark Timber Trust’s earnings, with estimates ranging from ($0.08) to ($0.06). CatchMark Timber Trust reported earnings per share of ($0.05) during the same quarter last year, which indicates a negative year-over-year growth rate of 40%. The business is scheduled to announce its next earnings results after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that CatchMark Timber Trust will report full year earnings of ($0.28) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.26). For the next fiscal year, analysts forecast that the company will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.27) to ($0.24). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CatchMark Timber Trust.
CatchMark Timber Trust (NYSE:CTT) last announced its earnings results on Thursday, February 15th. The financial services provider reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01). The company had revenue of $22.72 million for the quarter, compared to analyst estimates of $22.70 million. CatchMark Timber Trust had a negative return on equity of 3.61% and a negative net margin of 14.80%.
Several research analysts have commented on the company. Stifel Nicolaus lifted their target price on CatchMark Timber Trust from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, April 18th. Zacks Investment Research raised CatchMark Timber Trust from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. CatchMark Timber Trust currently has a consensus rating of “Hold” and an average target price of $14.00.
Several large investors have recently made changes to their positions in CTT. Wells Fargo & Company MN lifted its stake in shares of CatchMark Timber Trust by 4.4% in the 3rd quarter. Wells Fargo & Company MN now owns 395,181 shares of the financial services provider’s stock valued at $4,983,000 after purchasing an additional 16,800 shares during the period. Stifel Financial Corp increased its position in CatchMark Timber Trust by 21.7% in the 3rd quarter. Stifel Financial Corp now owns 41,215 shares of the financial services provider’s stock valued at $519,000 after buying an additional 7,342 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in CatchMark Timber Trust by 26.8% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 389,961 shares of the financial services provider’s stock valued at $5,120,000 after buying an additional 82,342 shares in the last quarter. North Star Investment Management Corp. increased its position in CatchMark Timber Trust by 24.0% in the 4th quarter. North Star Investment Management Corp. now owns 87,900 shares of the financial services provider’s stock valued at $1,154,000 after buying an additional 17,000 shares in the last quarter. Finally, BLB&B Advisors LLC increased its position in CatchMark Timber Trust by 29.8% in the 4th quarter. BLB&B Advisors LLC now owns 39,240 shares of the financial services provider’s stock valued at $515,000 after buying an additional 9,000 shares in the last quarter. 76.64% of the stock is currently owned by institutional investors.
Shares of CTT opened at $12.90 on Wednesday. CatchMark Timber Trust has a 12 month low of $10.81 and a 12 month high of $13.73. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.82.
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CatchMark Timber Trust Company Profile
CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and well-timed sales. Headquartered in Atlanta and focused exclusively on timberland ownership, CatchMark began operations in 2007 and owns interests in approximately 520,800 acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.
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