Analysts Anticipate Great Ajax Corp. (AJX) to Announce $0.46 Earnings Per Share
Analysts expect Great Ajax Corp. (NYSE:AJX) to report $0.46 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Great Ajax Corp.’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.39. Great Ajax Corp. posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The firm is expected to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Great Ajax Corp. will report full year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.94. For the next financial year, analysts expect that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.67 to $1.95. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Great Ajax Corp..
Great Ajax Corp. (NYSE:AJX) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $13.11 million for the quarter, compared to analysts’ expectations of $12.99 million. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%.
A number of research firms have commented on AJX. BidaskClub lowered shares of Great Ajax Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Great Ajax Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp. in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.30.
TRADEMARK VIOLATION NOTICE: “Analysts Anticipate Great Ajax Corp. (AJX) to Announce $0.46 Earnings Per Share” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/07/analysts-anticipate-great-ajax-corp-ajx-to-announce-0-46-earnings-per-share.html.
Shares of Great Ajax Corp. (AJX) traded up 2.79% during midday trading on Monday, hitting $14.36. 344,996 shares of the stock were exchanged. The stock’s 50-day moving average price is $14.07 and its 200 day moving average price is $13.54. The stock has a market cap of $260.91 million, a P/E ratio of 9.17 and a beta of 0.88. Great Ajax Corp. has a one year low of $12.61 and a one year high of $15.40.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th will be issued a $0.30 dividend. This is an increase from Great Ajax Corp.’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.36%. Great Ajax Corp.’s dividend payout ratio is currently 71.34%.
Several institutional investors have recently modified their holdings of AJX. American International Group Inc. increased its position in shares of 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 in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Great Ajax Corp. during the fourth quarter worth $163,000. Rhumbline Advisers increased its position in shares of Great Ajax Corp. by 15.6% in the second quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 2,415 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Great Ajax Corp. by 28.3% in the fourth quarter. Teachers Advisors LLC now owns 18,589 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 4,096 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new position in shares of Great Ajax Corp. during the second quarter worth $451,000. Institutional investors own 71.93% of the company’s stock.
Great Ajax Corp. Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Great Ajax Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax Corp. and related companies with MarketBeat.com's FREE daily email newsletter.