$0.40 Earnings Per Share Expected for Great Ajax Corp (NYSE:AJX) This Quarter

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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%.

Separately, Zacks Investment Research upgraded Great Ajax from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.

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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Earnings History and Estimates for Great Ajax (NYSE:AJX)

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