Analysts expect Catchmark Timber Trust Inc (NYSE:CTT) to report $22.70 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Catchmark Timber Trust’s earnings, with the highest sales estimate coming in at $22.90 million and the lowest estimate coming in at $22.50 million. Catchmark Timber Trust posted sales of $20.40 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.3%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, February 15th.
On average, analysts expect that Catchmark Timber Trust will report full year sales of $22.70 million for the current year, with estimates ranging from $91.00 million to $91.07 million. For the next financial year, analysts anticipate that the company will report sales of $100.68 million per share, with estimates ranging from $98.26 million to $103.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Catchmark Timber Trust.
Several equities analysts have recently weighed in on CTT shares. Stifel Nicolaus decreased their target price on Catchmark Timber Trust from $13.50 to $12.50 and set a “buy” rating on the stock in a research report on Monday, October 16th. Zacks Investment Research downgraded Catchmark Timber Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Raymond James Financial reiterated a “buy” rating on shares of Catchmark Timber Trust in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.75.
Catchmark Timber Trust (NYSE:CTT) opened at $12.20 on Monday. The firm has a market capitalization of $529.77, a P/E ratio of -35.88 and a beta of 0.65. Catchmark Timber Trust has a 1 year low of $10.47 and a 1 year high of $13.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73.
Catchmark Timber Trust Company Profile
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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