Media stories about CatchMark Timber Trust (NYSE:CTT) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CatchMark Timber Trust earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next few days.
CatchMark Timber Trust (CTT) opened at 11.48 on Tuesday. The company’s market capitalization is $445.54 million. The firm has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.20. CatchMark Timber Trust has a 52 week low of $10.05 and a 52 week high of $12.58.
CatchMark Timber Trust (NYSE:CTT) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $23.13 million during the quarter, compared to analyst estimates of $25.51 million. CatchMark Timber Trust had a negative return on equity of 3.25% and a negative net margin of 16.02%. Analysts anticipate that CatchMark Timber Trust will post ($0.38) EPS for the current fiscal year.
A number of brokerages have recently commented on CTT. Zacks Investment Research cut CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. TheStreet upgraded CatchMark Timber Trust from a “d+” rating to a “c-” rating in a research report on Friday, April 7th.
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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