Catchmark Timber Trust Inc (CTT) Expected to Announce Earnings of -$0.08 Per Share
Equities research analysts expect Catchmark Timber Trust Inc (NYSE:CTT) to post ($0.08) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Catchmark Timber Trust’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.10). Catchmark Timber Trust reported earnings of ($0.02) per share in the same quarter last year, which would suggest a negative year over year growth rate of 300%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, May 4th.
On average, analysts expect that Catchmark Timber Trust will report full-year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.47) to ($0.43). For the next financial year, analysts expect that the business will report earnings of ($0.44) per share, with EPS estimates ranging from ($0.51) to ($0.40). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Catchmark Timber Trust.
Catchmark Timber Trust (NYSE:CTT) last released its quarterly earnings data on Thursday, February 16th. The financial services provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.02. The business earned $20.40 million during the quarter, compared to the consensus estimate of $18.80 million. Catchmark Timber Trust had a negative return on equity of 2.37% and a negative net margin of 12.00%.
Several research analysts have recently weighed in on CTT shares. TheStreet upgraded Catchmark Timber Trust from a “d+” rating to a “c-” rating in a report on Friday, April 7th. Zacks Investment Research cut Catchmark Timber Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 10th.
In other news, Director Paul S. Fisher bought 5,000 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was purchased at an average price of $10.86 per share, for a total transaction of $54,300.00. Following the completion of the purchase, the director now owns 9,197 shares in the company, valued at approximately $99,879.42. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders acquired 8,500 shares of company stock valued at $91,805. Insiders own 1.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Northpointe Capital LLC raised its stake in Catchmark Timber Trust by 6.3% in the third quarter. Northpointe Capital LLC now owns 336,438 shares of the financial services provider’s stock valued at $3,933,000 after buying an additional 19,815 shares in the last quarter. Wells Fargo & Company MN increased its position in Catchmark Timber Trust by 996.2% in the third quarter. Wells Fargo & Company MN now owns 153,614 shares of the financial services provider’s stock worth $1,796,000 after buying an additional 139,601 shares in the last quarter. NEXT Financial Group Inc increased its position in Catchmark Timber Trust by 1,096.5% in the third quarter. NEXT Financial Group Inc now owns 19,814 shares of the financial services provider’s stock worth $232,000 after buying an additional 18,158 shares in the last quarter. TD Asset Management Inc. increased its position in Catchmark Timber Trust by 31.8% in the third quarter. TD Asset Management Inc. now owns 32,750 shares of the financial services provider’s stock worth $383,000 after buying an additional 7,900 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Catchmark Timber Trust during the third quarter worth $231,000. Institutional investors and hedge funds own 72.35% of the company’s stock.
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Catchmark Timber Trust (NYSE:CTT) traded up 0.08% during midday trading on Tuesday, hitting $11.85. The company had a trading volume of 36,092 shares. The firm’s market capitalization is $459.50 million. Catchmark Timber Trust has a 1-year low of $10.05 and a 1-year high of $12.58. The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $10.94.
Catchmark Timber Trust Company Profile
CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.
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