Zacks: Analysts Anticipate Catchmark Timber Trust Inc (NYSE:CTT) to Post -$0.58 EPS

Brokerages expect Catchmark Timber Trust Inc (NYSE:CTT) to post earnings per share of ($0.58) for the current quarter, according to Zacks. Three analysts have provided estimates for Catchmark Timber Trust’s earnings. The highest EPS estimate is ($0.55) and the lowest is ($0.60). Catchmark Timber Trust reported earnings per share of ($0.03) during the same quarter last year, which suggests a negative year over year growth rate of 1,833.3%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, August 1st.

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

Catchmark Timber Trust (NYSE:CTT) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.06). Catchmark Timber Trust had a negative net margin of 154.70% and a negative return on equity of 41.60%. The business had revenue of $22.57 million during the quarter, compared to the consensus estimate of $27.30 million.

Several research firms have recently issued reports on CTT. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. B. Riley reissued a “buy” rating on shares of LightPath Technologies in a research report on Tuesday, May 7th. Finally, ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $10.75.

In other news, insider Brian M. Davis bought 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price 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 approximately $1,054,073.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. bought a new stake in Catchmark Timber Trust during the 1st quarter worth approximately $27,000. Lindbrook Capital LLC purchased a new position in Catchmark Timber Trust in the 1st quarter worth approximately $28,000. Legal & General Group Plc grew its stake 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 worth $63,000 after buying an additional 1,328 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake 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 worth $89,000 after buying an additional 7,085 shares in the last quarter. Finally, Corient Capital Partners LLC purchased a new position in Catchmark Timber Trust in the 1st quarter worth approximately $102,000. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CTT traded down $0.06 during midday trading on Friday, hitting $10.05. The company’s stock had a trading volume of 8,922 shares, compared to its average volume of 203,051. The company’s fifty day simple moving average is $10.15. Catchmark Timber Trust has a one year low of $6.71 and a one year high of $12.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.70. The stock has a market cap of $496.69 million, a price-to-earnings ratio of -3.93 and a beta of 1.28.

About Catchmark Timber Trust

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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