Equities analysts expect Great Ajax Corp (NYSE:AJX) to report earnings of $0.40 per share for the current quarter, according to Zacks. Three analysts have made estimates for Great Ajax’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. Great Ajax reported earnings of $0.37 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Great Ajax will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.54 to $1.60. For the next year, analysts expect that the business will post earnings of $1.67 per share, with EPS estimates ranging from $1.65 to $1.69. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Great Ajax.
Great Ajax (NYSE:AJX) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The company had revenue of $15.18 million during the quarter, compared to analysts’ expectations of $15.48 million. Great Ajax had a return on equity of 8.65% and a net margin of 47.79%.
Several large investors have recently added to or reduced their stakes in the stock. Covington Capital Management grew its position in shares of Great Ajax by 28.6% during the fourth quarter. Covington Capital Management now owns 4,500 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,000 shares in the last quarter. Deutsche Bank AG grew its position in shares of Great Ajax by 1.2% during the fourth quarter. Deutsche Bank AG now owns 93,146 shares of the real estate investment trust’s stock worth $1,120,000 after purchasing an additional 1,149 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Great Ajax by 11.3% during the fourth quarter. New York State Common Retirement Fund now owns 14,800 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 1,500 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Great Ajax by 5.3% during the first quarter. Acadian Asset Management LLC now owns 31,597 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 1,602 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Great Ajax by 559.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,362 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,852 shares in the last quarter. Hedge funds and other institutional investors own 73.53% of the company’s stock.
Shares of NYSE:AJX traded up $0.11 during trading on Tuesday, hitting $13.75. 29,405 shares of the company’s stock were exchanged, compared to its average volume of 86,088. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.42 and a current ratio of 2.42. Great Ajax has a 52-week low of $11.56 and a 52-week high of $14.37. The firm has a 50-day moving average of $13.35. The firm has a market capitalization of $260.77 million, a P/E ratio of 9.55 and a beta of 0.81.
About Great Ajax
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.
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