Great Ajax Corp (NYSE:AJX) Expected to Announce Earnings of $0.43 Per Share

Wall Street analysts forecast that Great Ajax Corp (NYSE:AJX) will announce earnings per share of $0.43 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Great Ajax’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.42. Great Ajax posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 26.5%. The business is expected to announce its next quarterly earnings results on Tuesday, March 3rd.

On average, 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 expect that the company will report earnings of $1.80 per share, with EPS estimates ranging from $1.76 to $1.83. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Great Ajax.

Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). The business had revenue of $15.32 million during the quarter, compared to the consensus estimate of $14.93 million. Great Ajax had a net margin of 53.22% and a return on equity of 8.04%.

A number of research firms have issued reports on AJX. B. Riley reissued a “buy” rating and issued a $16.00 price objective on shares of Great Ajax in a report on Monday, November 25th. Zacks Investment Research downgraded shares of Great Ajax from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

NYSE AJX traded up $0.03 during trading on Friday, reaching $15.12. The company’s stock had a trading volume of 134,854 shares, compared to its average volume of 123,308. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $307.04 million, a price-to-earnings ratio of 10.36 and a beta of 0.76. Great Ajax has a 12 month low of $11.56 and a 12 month high of $15.96. The firm has a 50 day moving average price of $15.30 and a 200 day moving average price of $14.56.

The firm also recently disclosed a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Saturday, November 16th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, November 14th. Great Ajax’s dividend payout ratio is currently 87.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AJX. Nisa Investment Advisors LLC boosted its holdings in Great Ajax by 54.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 886 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in Great Ajax in the 3rd quarter valued at about $93,000. Zebra Capital Management LLC bought a new stake in Great Ajax in the 2nd quarter valued at about $141,000. Meeder Asset Management Inc. boosted its holdings in Great Ajax by 641.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 13,103 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 11,335 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Great Ajax by 11.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,749 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 1,875 shares during the period. 71.89% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Ex-Dividend

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

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