Zacks: Brokerages Expect Ladder Capital Corp (NYSE:LADR) Will Announce Earnings of $0.42 Per Share
Brokerages expect Ladder Capital Corp (NYSE:LADR) to report earnings of $0.42 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Ladder Capital’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.43. Ladder Capital posted earnings per share of $0.59 during the same quarter last year, which would indicate a negative year over year growth rate of 28.8%. The company is scheduled to report its next earnings report on Thursday, November 7th.
On average, analysts expect that Ladder Capital will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.68. For the next fiscal year, analysts expect that the company will report earnings of $1.73 per share, with EPS estimates ranging from $1.65 to $1.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Ladder Capital.
Ladder Capital (NYSE:LADR) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. The firm had revenue of $85.32 million during the quarter, compared to analysts’ expectations of $83.00 million. Ladder Capital had a return on equity of 12.05% and a net margin of 26.91%. Ladder Capital’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share.
In other news, President Pamela Mccormack bought 1,600 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average price of $16.03 per share, for a total transaction of $25,648.00. Following the purchase, the president now owns 523,965 shares of the company’s stock, valued at approximately $8,399,158.95. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 12.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in shares of Ladder Capital by 1,123.9% during the 1st quarter. Raymond James & Associates now owns 2,328,135 shares of the real estate investment trust’s stock worth $39,625,000 after purchasing an additional 2,137,915 shares in the last quarter. Wasatch Advisors Inc. bought a new stake in shares of Ladder Capital during the 2nd quarter worth approximately $26,091,000. BlackRock Inc. raised its stake in shares of Ladder Capital by 4.1% during the 2nd quarter. BlackRock Inc. now owns 8,895,857 shares of the real estate investment trust’s stock worth $147,761,000 after purchasing an additional 350,022 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ladder Capital by 19.0% during the 4th quarter. Geode Capital Management LLC now owns 1,321,233 shares of the real estate investment trust’s stock worth $20,438,000 after purchasing an additional 210,632 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Ladder Capital by 9.1% during the 2nd quarter. Northern Trust Corp now owns 2,262,557 shares of the real estate investment trust’s stock worth $37,582,000 after purchasing an additional 187,810 shares in the last quarter. Hedge funds and other institutional investors own 51.30% of the company’s stock.
LADR stock traded down $0.37 during midday trading on Friday, hitting $16.45. The stock had a trading volume of 7,415 shares, compared to its average volume of 742,368. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.46 and a beta of 0.97. Ladder Capital has a 52 week low of $14.75 and a 52 week high of $18.82. The stock’s 50-day simple moving average is $16.79. The company has a quick ratio of 62.27, a current ratio of 62.27 and a debt-to-equity ratio of 2.80.
Ladder Capital Company Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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