Brokerages expect CatchMark Timber Trust, Inc. (NYSE:CTT) to post sales of $22.87 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for CatchMark Timber Trust’s earnings. The highest sales estimate is $23.30 million and the lowest is $22.43 million. CatchMark Timber Trust posted sales of $15.97 million in the same quarter last year, which suggests a positive year-over-year growth rate of 43.2%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, August 3rd.

On average, analysts expect that CatchMark Timber Trust will report full year sales of $22.87 million for the current year, with estimates ranging from $88.33 million to $95.00 million. For the next fiscal year, analysts forecast that the business will post sales of $95.08 million per share, with estimates ranging from $91.75 million to $98.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for CatchMark Timber Trust.

CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $23.13 million during the quarter, compared to the consensus estimate of $25.51 million. CatchMark Timber Trust had a negative net margin of 16.02% and a negative return on equity of 3.25%.

Several research firms have recently commented on CTT. BidaskClub raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut shares of CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Finally, TheStreet upgraded shares of CatchMark Timber Trust from a “d+” rating to a “c-” rating in a research note on Friday, April 7th.

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Institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY boosted its position in CatchMark Timber Trust by 8.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,006 shares of the financial services provider’s stock worth $315,000 after buying an additional 2,065 shares in the last quarter. BLB&B Advisors LLC boosted its stake in shares of CatchMark Timber Trust by 12.7% in the first quarter. BLB&B Advisors LLC now owns 24,240 shares of the financial services provider’s stock worth $279,000 after buying an additional 2,740 shares during the period. Karp Capital Management Corp acquired a new stake in shares of CatchMark Timber Trust during the first quarter worth approximately $286,000. Baird Financial Group Inc. boosted its stake in shares of CatchMark Timber Trust by 3.1% in the first quarter. Baird Financial Group Inc. now owns 266,531 shares of the financial services provider’s stock worth $3,070,000 after buying an additional 7,949 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of CatchMark Timber Trust by 19.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 114,533 shares of the financial services provider’s stock worth $1,319,000 after buying an additional 18,389 shares during the period. Institutional investors own 69.67% of the company’s stock.

CatchMark Timber Trust (CTT) traded up 0.87% during mid-day trading on Thursday, reaching $11.66. 62,959 shares of the company’s stock traded hands. CatchMark Timber Trust has a 12-month low of $10.05 and a 12-month high of $12.58. The stock’s market capitalization is $452.52 million. The stock has a 50-day moving average price of $11.47 and a 200-day moving average price of $11.24.

About CatchMark Timber Trust

CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.

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