Wall Street analysts expect that Catchmark Timber Trust Inc (NYSE:CTT) will announce earnings per share (EPS) of ($3.59) for the current quarter, according to Zacks. Three analysts have issued estimates for Catchmark Timber Trust’s earnings. The highest EPS estimate is ($3.32) and the lowest is ($4.12). Catchmark Timber Trust posted earnings of ($0.10) per share during the same quarter last year, which would suggest a negative year over year growth rate of 3,490%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Catchmark Timber Trust will report full-year earnings of ($4.36) per share for the current year, with EPS estimates ranging from ($4.44) to ($4.27). For the next financial year, analysts expect that the company will post earnings of ($0.14) per share, with EPS estimates ranging from ($0.21) to ($0.10). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Catchmark Timber Trust.

Catchmark Timber Trust (NYSE:CTT) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $26.25 million for the quarter, compared to analyst estimates of $22.84 million.

A number of analysts have issued reports on the company. Zacks Investment Research raised Catchmark Timber Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine raised Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.13.

NYSE:CTT traded down $0.29 during mid-day trading on Monday, reaching $9.74. The company’s stock had a trading volume of 564,431 shares, compared to its average volume of 281,185. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. Catchmark Timber Trust has a twelve month low of $9.74 and a twelve month high of $13.73. The firm has a market cap of $561.40 million, a price-to-earnings ratio of -28.65 and a beta of 0.61.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Thursday, August 30th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Wednesday, August 29th. Catchmark Timber Trust’s dividend payout ratio is currently -158.82%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new position in shares of Catchmark Timber Trust in the 2nd quarter valued at about $400,000. SG Americas Securities LLC acquired a new position in shares of Catchmark Timber Trust in the 1st quarter valued at about $104,000. NEXT Financial Group Inc acquired a new position in shares of Catchmark Timber Trust in the 3rd quarter valued at about $103,000. Stevens Capital Management LP acquired a new position in shares of Catchmark Timber Trust in the 2nd quarter valued at about $129,000. Finally, Jane Street Group LLC acquired a new position in shares of Catchmark Timber Trust in the 1st quarter valued at about $139,000. 78.12% of the stock is currently owned by institutional investors and hedge funds.

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

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