Zacks: Analysts Expect Great Ajax Corp. (NYSE:AJX) Will Announce Quarterly Sales of $12.98 Million
Equities analysts predict that Great Ajax Corp. (NYSE:AJX) will post sales of $12.98 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Great Ajax Corp.’s earnings, with the highest sales estimate coming in at $13.47 million and the lowest estimate coming in at $12.50 million. Great Ajax Corp. reported sales of $10.69 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The company is expected to report its next earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that Great Ajax Corp. will report full-year sales of $12.98 million for the current year, with estimates ranging from $52.51 million to $55.56 million. For the next fiscal year, analysts forecast that the company will post sales of $59.08 million per share, with estimates ranging from $58.23 million to $59.93 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Great Ajax Corp..
Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $13.67 million for the quarter, compared to the consensus estimate of $12.98 million. Great Ajax Corp. had a return on equity of 10.27% and a net margin of 60.91%.
Several brokerages have recently commented on AJX. Zacks Investment Research upgraded shares of Great Ajax Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. FBR & Co restated a “buy” rating on shares of Great Ajax Corp. in a research report on Thursday, April 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Great Ajax Corp. currently has a consensus rating of “Hold” and an average target price of $15.75.
Large investors have recently bought and sold shares of the company. Family Management Corp purchased a new stake in Great Ajax Corp. during the first quarter worth approximately $496,000. Bard Associates Inc. increased its position in Great Ajax Corp. by 1.0% in the first quarter. Bard Associates Inc. now owns 190,665 shares of the real estate investment trust’s stock worth $2,488,000 after buying an additional 1,825 shares during the last quarter. Vanguard Group Inc. increased its position in Great Ajax Corp. by 14.7% in the first quarter. Vanguard Group Inc. now owns 611,719 shares of the real estate investment trust’s stock worth $7,983,000 after buying an additional 78,399 shares during the last quarter. American International Group Inc. increased its position in Great Ajax Corp. by 8.3% in the first quarter. American International Group Inc. now owns 8,067 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 619 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Great Ajax Corp. by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 67,313 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 2,525 shares during the last quarter. 71.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Great Ajax Corp. (NYSE:AJX) traded down 0.07% during mid-day trading on Thursday, reaching $14.18. 4,725 shares of the company’s stock traded hands. The stock has a market cap of $257.65 million, a PE ratio of 8.70 and a beta of 0.89. The firm has a 50 day moving average price of $14.09 and a 200-day moving average price of $13.51. Great Ajax Corp. has a 12 month low of $12.61 and a 12 month high of $14.60.
About Great Ajax Corp.
Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.
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