CatchMark Timber Trust (CTT) Scheduled to Post Earnings on Thursday


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CatchMark Timber Trust (NYSE:CTT) will issue its quarterly earnings data after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

CatchMark Timber Trust (NYSE:CTT) last released its earnings results on Friday, February 12th. The financial services provider reported ($0.06) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06). CatchMark Timber Trust had a negative return on equity of 16.84% and a negative net margin of 25.76%. On average, analysts expect CatchMark Timber Trust to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NYSE CTT opened at $11.57 on Wednesday. The company has a market cap of $565.82 million, a P/E ratio of -21.04 and a beta of 1.32. The company has a debt-to-equity ratio of 3.23, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50 day moving average price is $10.82 and its 200-day moving average price is $9.91. CatchMark Timber Trust has a fifty-two week low of $6.42 and a fifty-two week high of $12.04.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Thursday, February 25th. CatchMark Timber Trust’s dividend payout ratio is currently -26.34%.

Several brokerages have commented on CTT. Royal Bank of Canada downgraded CatchMark Timber Trust from an “outperform” rating to a “sector perform” rating and set a $11.00 price objective on the stock. in a research report on Friday, February 12th. TheStreet raised CatchMark Timber Trust from a “d+” rating to a “c-” rating in a research report on Thursday, March 18th. Zacks Investment Research raised CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 20th. Robert W. Baird reaffirmed a “hold” rating on shares of CatchMark Timber Trust in a research report on Sunday, February 21st. Finally, B. Riley upped their target price on CatchMark Timber Trust from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Tuesday, February 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CatchMark Timber Trust currently has a consensus rating of “Buy” and an average price target of $11.25.

CatchMark Timber Trust Company Profile

CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concentrating on maximizing cash flows throughout business cycles, the company strategically harvests its high-quality timberlands to produce durable revenue growth and takes advantage of proximate mill markets, which provide a reliable outlet for merchantable inventory.

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Earnings History for CatchMark Timber Trust (NYSE:CTT)

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