Great Ajax Corp (NYSE:AJX) Expected to Announce Earnings of $0.43 Per Share
Equities analysts forecast that Great Ajax Corp (NYSE:AJX) will report $0.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Great Ajax’s earnings, with estimates ranging from $0.42 to $0.43. Great Ajax posted earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 26.5%. The firm is expected to issue its next earnings results on Tuesday, March 3rd.
According to Zacks, analysts expect that Great Ajax will report full year earnings of $1.79 per share for the current financial year, with EPS estimates ranging from $1.71 to $1.87. For the next fiscal year, analysts anticipate that the business will post earnings of $1.80 per share, with EPS estimates ranging from $1.76 to $1.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Great Ajax.
Great Ajax (NYSE:AJX) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). Great Ajax had a net margin of 53.22% and a return on equity of 8.04%. The company had revenue of $15.32 million for the quarter, compared to analyst estimates of $14.93 million.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY bought a new stake in Great Ajax during the 3rd quarter valued at $93,000. Squarepoint Ops LLC purchased a new stake in Great Ajax during the 3rd quarter worth approximately $366,000. Zebra Capital Management LLC lifted its position in shares of Great Ajax by 35.6% in the third quarter. Zebra Capital Management LLC now owns 13,656 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 3,582 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Great Ajax by 5.4% in the third quarter. California State Teachers Retirement System now owns 25,938 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 1,339 shares during the last quarter. Finally, State Street Corp increased its position in shares of Great Ajax by 5.1% during the third quarter. State Street Corp now owns 502,391 shares of the real estate investment trust’s stock worth $7,787,000 after purchasing an additional 24,186 shares in the last quarter. 71.89% of the stock is owned by institutional investors and hedge funds.
Shares of Great Ajax stock opened at $15.15 on Friday. The company has a 50-day simple moving average of $15.34 and a two-hundred day simple moving average of $14.54. The stock has a market capitalization of $307.24 million, a PE ratio of 10.38 and a beta of 0.77. Great Ajax has a 52-week low of $11.56 and a 52-week high of $15.96. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.79 and a current ratio of 2.79.
The business also recently announced a dividend, which was paid on Tuesday, November 26th. Stockholders of record on Saturday, November 16th were issued a $0.32 dividend. The ex-dividend date was Thursday, November 14th. Great Ajax’s dividend payout ratio (DPR) is presently 87.67%.
Great Ajax Company Profile
Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with MarketBeat.com's FREE daily email newsletter.