Brokerages expect that Catchmark Timber Trust Inc (NYSE:CTT) will announce sales of $24.33 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Catchmark Timber Trust’s earnings, with the highest sales estimate coming in at $25.35 million and the lowest estimate coming in at $22.70 million. Catchmark Timber Trust reported sales of $22.72 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The company is scheduled to issue its next earnings report on Thursday, February 21st.

On average, analysts expect that Catchmark Timber Trust will report full-year sales of $99.04 million for the current year, with estimates ranging from $97.60 million to $99.86 million. For the next year, analysts anticipate that the company will report sales of $105.91 million, with estimates ranging from $102.29 million to $109.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Catchmark Timber Trust.

Catchmark Timber Trust (NYSE:CTT) last issued its quarterly earnings results on Friday, November 2nd. The financial services provider reported ($1.61) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($3.59) by $1.98. The firm had revenue of $24.58 million for the quarter, compared to analyst estimates of $23.04 million. Catchmark Timber Trust had a negative return on equity of 20.93% and a negative net margin of 90.95%.

A number of analysts have recently issued reports on the company. TheStreet lowered Catchmark Timber Trust from a “c-” rating to a “d” rating in a research note on Tuesday. Zacks Investment Research raised Catchmark Timber Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. ValuEngine lowered Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Royal Bank of Canada raised Catchmark Timber Trust from a “sector perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Monday, November 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Catchmark Timber Trust presently has an average rating of “Buy” and a consensus price target of $13.63.

In related news, Director Paul S. Fisher acquired 5,000 shares of the stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $9.68 per share, with a total value of $48,400.00. Following the completion of the purchase, the director now owns 22,766 shares of the company’s stock, valued at approximately $220,374.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC acquired a new position in Catchmark Timber Trust during the second quarter worth $400,000. NEXT Financial Group Inc purchased a new stake in Catchmark Timber Trust in the third quarter valued at $103,000. Stevens Capital Management LP purchased a new stake in Catchmark Timber Trust in the second quarter valued at $129,000. Jane Street Group LLC purchased a new stake in Catchmark Timber Trust in the first quarter valued at $139,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Catchmark Timber Trust in the first quarter valued at $160,000. 77.93% of the stock is currently owned by institutional investors.

Shares of NYSE:CTT traded down $0.12 during trading on Friday, reaching $9.28. The stock had a trading volume of 362,180 shares, compared to its average volume of 387,078. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $449.08 million, a PE ratio of -27.29 and a beta of 0.89. Catchmark Timber Trust has a 1-year low of $8.80 and a 1-year high of $13.73.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Thursday, November 29th. Catchmark Timber Trust’s dividend payout ratio (DPR) is currently -158.82%.

About Catchmark Timber Trust

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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