Wall Street brokerages forecast that Catchmark Timber Trust Inc (NYSE:CTT) will report earnings of ($3.59) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Catchmark Timber Trust’s earnings, with the highest EPS estimate coming in at ($3.32) and the lowest estimate coming in at ($4.12). Catchmark Timber Trust reported earnings of ($0.10) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3,490%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Catchmark Timber Trust will report full-year earnings of ($4.36) per share for the current financial year, with EPS estimates ranging from ($4.44) to ($4.27). For the next year, analysts anticipate that the company will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.21) to ($0.10). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Catchmark Timber Trust.
Catchmark Timber Trust (NYSE:CTT) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. Catchmark Timber Trust had a negative return on equity of 3.32% and a negative net margin of 15.22%. The business had revenue of $26.25 million for the quarter, compared to analyst estimates of $22.84 million.
Several research analysts have recently commented on CTT shares. ValuEngine lowered Catchmark Timber Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Zacks Investment Research upgraded Catchmark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Catchmark Timber Trust presently has a consensus rating of “Buy” and a consensus price target of $14.13.
NYSE CTT opened at $10.36 on Monday. Catchmark Timber Trust has a 52 week low of $10.35 and a 52 week high of $13.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $561.40 million, a PE ratio of -30.47 and a beta of 0.61.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Thursday, August 30th were issued a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $0.54 annualized dividend and a yield of 5.21%. Catchmark Timber Trust’s dividend payout ratio (DPR) is currently -158.82%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC purchased a new stake in Catchmark Timber Trust in the 2nd quarter valued at about $400,000. SG Americas Securities LLC purchased a new stake in Catchmark Timber Trust in the 1st quarter valued at about $104,000. NEXT Financial Group Inc purchased a new stake in Catchmark Timber Trust in the 3rd quarter valued at about $103,000. Stevens Capital Management LP purchased a new stake in Catchmark Timber Trust in the 2nd quarter valued at about $129,000. Finally, Jane Street Group LLC purchased a new stake in Catchmark Timber Trust in the 1st quarter valued at about $139,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.
Catchmark Timber Trust Company Profile
CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded timberland REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests, well-timed real estate sales and investment management. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in approximately 1.6 million acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.
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