Catchmark Timber Trust (CTT) to Release Quarterly Earnings on Thursday

Catchmark Timber Trust (NYSE:CTT) will announce its earnings results after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of ($3.59) per share for the quarter.

Catchmark Timber Trust (NYSE:CTT) last released its quarterly earnings data on Thursday, August 2nd. The financial services provider reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. Catchmark Timber Trust had a negative net margin of 15.22% and a negative return on equity of 3.32%. The firm had revenue of $26.25 million during the quarter, compared to analysts’ expectations of $22.84 million. On average, analysts expect Catchmark Timber Trust to post $-4 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CTT stock opened at $9.05 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. Catchmark Timber Trust has a one year low of $8.80 and a one year high of $13.73.

An institutional investor recently raised its position in Catchmark Timber Trust stock. Bank of New York Mellon Corp lifted its position in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 8.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,750 shares of the financial services provider’s stock after buying an additional 23,437 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of Catchmark Timber Trust worth $3,943,000 as of its most recent SEC filing. 77.43% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on CTT shares. Zacks Investment Research raised shares of Catchmark Timber Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine cut shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Catchmark Timber Trust currently has an average rating of “Buy” and a consensus price target of $14.13.

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 for Catchmark Timber Trust (NYSE:CTT)

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