$15.07 Million in Sales Expected for Great Ajax Corp (NYSE:AJX) This Quarter
Equities research analysts expect Great Ajax Corp (NYSE:AJX) to announce sales of $15.07 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Great Ajax’s earnings, with the highest sales estimate coming in at $16.02 million and the lowest estimate coming in at $13.80 million. Great Ajax posted sales of $14.75 million in the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The company is expected to announce its next earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Great Ajax will report full year sales of $64.88 million for the current financial year, with estimates ranging from $63.33 million to $67.20 million. For the next year, analysts expect that the company will post sales of $64.59 million, with estimates ranging from $60.50 million to $66.96 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Great Ajax.
Great Ajax (NYSE:AJX) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.09). The business had revenue of $20.70 million for the quarter, compared to analysts’ expectations of $14.90 million. Great Ajax had a return on equity of 8.05% and a net margin of 51.93%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Great Ajax by 559.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,362 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,852 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Great Ajax by 44.1% during the 4th quarter. Bank of America Corp DE now owns 9,705 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 2,972 shares in the last quarter. Zebra Capital Management LLC purchased a new position in shares of Great Ajax during the 2nd quarter valued at $141,000. Bessemer Group Inc. purchased a new position in shares of Great Ajax during the 2nd quarter valued at $162,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Great Ajax by 641.1% during 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 buying an additional 11,335 shares in the last quarter. Institutional investors own 74.29% of the company’s stock.
Shares of Great Ajax stock traded down $0.06 on Monday, hitting $15.36. 105,900 shares of the company’s stock were exchanged, compared to its average volume of 71,078. The company has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $13.82. The stock has a market capitalization of $304.08 million, a PE ratio of 10.52 and a beta of 0.77. Great Ajax has a 1 year low of $11.56 and a 1 year high of $15.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.27 and a current ratio of 2.27.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend was Friday, August 16th. Great Ajax’s dividend payout ratio is presently 87.67%.
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.
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