Great Ajax Corp (AJX) Expected to Announce Quarterly Sales of $14.11 Million

Wall Street analysts forecast that Great Ajax Corp (NYSE:AJX) will announce sales of $14.11 million for the current quarter, Zacks reports. Two analysts have issued estimates for Great Ajax’s earnings. The highest sales estimate is $14.28 million and the lowest is $13.93 million. Great Ajax reported sales of $10.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Great Ajax will report full-year sales of $14.11 million for the current fiscal year, with estimates ranging from $54.00 million to $55.28 million. For the next year, analysts forecast that the firm will report sales of $60.53 million per share, with estimates ranging from $57.20 million to $64.32 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Great Ajax.

Great Ajax (NYSE:AJX) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.07). Great Ajax had a return on equity of 10.04% and a net margin of 55.23%.

Several research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Great Ajax in a research report on Wednesday, November 1st. Zacks Investment Research lowered Great Ajax from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Finally, Compass Point raised Great Ajax from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.17.

Great Ajax (NYSE:AJX) opened at $12.85 on Wednesday. Great Ajax has a 12-month low of $12.27 and a 12-month high of $15.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 4.23 and a quick ratio of 4.23. The firm has a market capitalization of $233.99, a PE ratio of 8.27 and a beta of 0.72.

Several hedge funds have recently bought and sold shares of AJX. FMR LLC raised its position in shares of Great Ajax by 11.4% in the 2nd quarter. FMR LLC now owns 1,736,388 shares of the real estate investment trust’s stock worth $24,275,000 after acquiring an additional 177,662 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Great Ajax in the 3rd quarter worth about $664,000. Family Management Corp grew its stake in shares of Great Ajax by 99.1% in the 2nd quarter. Family Management Corp now owns 75,602 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 37,623 shares during the period. State Street Corp grew its stake in shares of Great Ajax by 14.0% in the 2nd quarter. State Street Corp now owns 213,596 shares of the real estate investment trust’s stock valued at $2,989,000 after buying an additional 26,212 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Great Ajax by 12.9% in the 2nd quarter. Northern Trust Corp now owns 176,039 shares of the real estate investment trust’s stock valued at $2,461,000 after buying an additional 20,154 shares during the period. 71.40% of the stock is owned by hedge funds and other institutional investors.

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

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