Great Ajax Corp. (AJX) Expected to Post Quarterly Sales of $14.44 Million
Equities analysts forecast that Great Ajax Corp. (NYSE:AJX) will report $14.44 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Great Ajax Corp.’s earnings, with estimates ranging from $13.60 million to $15.29 million. Great Ajax Corp. posted sales of $11.62 million during the same quarter last year, which suggests a positive year over year growth rate of 24.3%. 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 sales of $14.44 million for the current year, with estimates ranging from $54.00 million to $57.95 million. For the next financial year, analysts forecast that the firm will post sales of $62.69 million per share, with estimates ranging from $58.36 million to $67.01 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Great Ajax Corp..
Great Ajax Corp. (NYSE:AJX) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.09). The business had revenue of $13.11 million for the quarter, compared to analyst estimates of $12.99 million. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%.
AJX has been the subject of a number of recent analyst reports. BidaskClub raised shares of Great Ajax Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Compass Point initiated coverage on shares of Great Ajax Corp. in a research report on Friday, September 29th. They set a “neutral” rating and a $15.50 target price on the stock. Finally, Zacks Investment Research raised shares of Great Ajax Corp. from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $15.33.
Great Ajax Corp. (NYSE AJX) remained flat at $14.21 during mid-day trading on Wednesday. 6,373 shares of the company traded hands. The stock has a 50-day moving average price of $14.11 and a 200-day moving average price of $14.11. The firm has a market cap of $250.44 million, a PE ratio of 9.05 and a beta of 0.86. Great Ajax Corp. has a 12-month low of $12.61 and a 12-month high of $14.34.
Several large investors have recently modified their holdings of the stock. Family Management Corp bought a new position in Great Ajax Corp. during the first quarter valued at about $496,000. Vanguard Group Inc. increased its holdings in Great Ajax Corp. by 14.7% during 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. Cambridge Investment Research Advisors Inc. purchased a new stake in Great Ajax Corp. during the second quarter worth about $192,000. Russell Investments Group Ltd. increased its holdings in Great Ajax Corp. by 30.0% during the second quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 6,014 shares during the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in Great Ajax Corp. during the second quarter worth about $451,000. 75.26% of the stock is currently owned by institutional investors.
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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.
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