Zacks: Analysts Expect Catchmark Timber Trust Inc (NYSE:CTT) Will Announce Earnings of -$0.55 Per Share

Equities analysts expect Catchmark Timber Trust Inc (NYSE:CTT) to report earnings of ($0.55) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Catchmark Timber Trust’s earnings, with the highest EPS estimate coming in at ($0.48) and the lowest estimate coming in at ($0.63). Catchmark Timber Trust reported earnings of ($1.61) per share in the same quarter last year, which would indicate a positive year over year growth rate of 65.8%. The company is expected to report its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Catchmark Timber Trust will report full-year earnings of ($2.06) per share for the current financial year, with EPS estimates ranging from ($2.11) to ($2.00). For the next year, analysts forecast that the company will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.31) to ($0.11). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Catchmark Timber Trust.

Catchmark Timber Trust (NYSE:CTT) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.04). The company had revenue of $28.66 million for the quarter, compared to analysts’ expectations of $32.30 million. Catchmark Timber Trust had a negative return on equity of 41.60% and a negative net margin of 154.70%.

CTT has been the subject of a number of recent analyst reports. ValuEngine raised Catchmark Timber Trust from a “hold” rating to a “buy” rating in a report on Friday, May 10th. B. Riley reissued a “buy” rating on shares of Catchmark Timber Trust in a report on Tuesday, May 7th. Finally, Zacks Investment Research downgraded Catchmark Timber Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.75.

In other news, insider Brian M. Davis bought 3,100 shares of Catchmark Timber Trust stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $10.02 per share, with a total value of $31,062.00. Following the acquisition, the insider now owns 105,197 shares of the company’s stock, valued at $1,054,073.94. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of CTT. Westwood Holdings Group Inc. acquired a new position in Catchmark Timber Trust in the 1st quarter valued at about $27,000. Lindbrook Capital LLC acquired a new position in Catchmark Timber Trust in the 1st quarter valued at about $28,000. Legal & General Group Plc increased its position in Catchmark Timber Trust by 17.5% in the 4th quarter. Legal & General Group Plc now owns 8,907 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,328 shares during the period. BNP Paribas Arbitrage SA increased its position in Catchmark Timber Trust by 367.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,015 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 7,085 shares during the period. Finally, Corient Capital Partners LLC acquired a new position in Catchmark Timber Trust in the 1st quarter valued at about $102,000. 80.72% of the stock is owned by institutional investors and hedge funds.

NYSE CTT traded down $0.55 during trading on Friday, reaching $9.66. 236,693 shares of the company’s stock were exchanged, compared to its average volume of 168,540. The firm has a market cap of $498.68 million, a PE ratio of -3.79 and a beta of 1.25. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50 day simple moving average of $10.27. Catchmark Timber Trust has a 1 year low of $6.71 and a 1 year high of $12.98.

Catchmark Timber Trust Company Profile

CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.

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Earnings History and Estimates for Catchmark Timber Trust (NYSE:CTT)

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