Equities analysts expect CatchMark Timber Trust, Inc. (NYSE:CTT) to post $24.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CatchMark Timber Trust’s earnings, with the highest sales estimate coming in at $25.00 million and the lowest estimate coming in at $22.72 million. CatchMark Timber Trust reported sales of $24.61 million during the same quarter last year, which indicates a negative year over year growth rate of 2.1%. The company is expected to issue its next earnings results after the market closes on Thursday, November 4th.
According to Zacks, analysts expect that CatchMark Timber Trust will report full year sales of $105.97 million for the current financial year, with estimates ranging from $104.10 million to $108.02 million. For the next financial year, analysts anticipate that the firm will post sales of $107.13 million, with estimates ranging from $103.68 million to $110.50 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow CatchMark Timber Trust.
CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Thursday, August 5th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. CatchMark Timber Trust had a negative return on equity of 4.42% and a negative net margin of 5.12%.
Several hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in CatchMark Timber Trust in the second quarter valued at approximately $27,000. Bbva USA acquired a new position in CatchMark Timber Trust in the second quarter valued at $49,000. William Blair Investment Management LLC purchased a new stake in shares of CatchMark Timber Trust in the second quarter valued at about $64,000. Catalyst Capital Advisors LLC purchased a new stake in shares of CatchMark Timber Trust in the second quarter valued at about $75,000. Finally, AQR Capital Management LLC purchased a new position in CatchMark Timber Trust during the first quarter worth about $103,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CatchMark Timber Trust stock traded down $0.22 on Wednesday, hitting $12.14. 143,232 shares of the company were exchanged, compared to its average volume of 213,597. The stock has a market capitalization of $593.63 million, a price-to-earnings ratio of -101.16 and a beta of 1.41. The company has a 50-day moving average price of $11.71 and a 200 day moving average price of $11.62. CatchMark Timber Trust has a 1-year low of $7.91 and a 1-year high of $12.78. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.31.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Monday, August 30th. CatchMark Timber Trust’s payout ratio is presently -150.00%.
CatchMark Timber Trust Company Profile
CatchMark Timber Trust, Inc engages in the ownership, management, acquisition, and disposition of timberlands. It operates through the following business segments: Harvest, Real Estate and Investment Management. The Harvest segment includes wholly-owned timber assets and associated timber sales, other revenues and related expenses.
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