Zacks: Analysts Anticipate Great Ajax Corp. (NYSE:AJX) Will Announce Quarterly Sales of $13.56 Million

Equities research analysts expect Great Ajax Corp. (NYSE:AJX) to announce $13.56 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Great Ajax Corp.’s earnings, with estimates ranging from $13.14 million to $13.98 million. Great Ajax Corp. reported sales of $11.62 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The company is expected to issue its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Great Ajax Corp. will report full-year sales of $13.56 million for the current financial year, with estimates ranging from $53.79 million to $55.56 million. For the next year, analysts expect that the company will post sales of $60.15 million per share, with estimates ranging from $58.23 million to $62.06 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Great Ajax Corp..

Great Ajax Corp. (NYSE:AJX) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.09. Great Ajax Corp. had a return on equity of 10.22% and a net margin of 58.46%. The firm had revenue of $13.11 million for the quarter, compared to the consensus estimate of $12.99 million.

A number of equities analysts have issued reports on AJX shares. FBR & Co reaffirmed a “buy” rating on shares of Great Ajax Corp. in a report on Thursday, April 20th. Zacks Investment Research raised shares of Great Ajax Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Tuesday, May 9th. Finally, BidaskClub downgraded shares of Great Ajax Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.30.

Institutional investors have recently bought and sold shares of the company. 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 in the last quarter. Russell Investments Group Ltd. purchased a new position in Great Ajax Corp. during the fourth quarter worth about $163,000. Cambridge Investment Research Advisors Inc. purchased a new position in Great Ajax Corp. during the second quarter worth about $192,000. Teachers Advisors LLC increased its position in 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, Rhumbline Advisers increased its position in 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. 71.93% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece was posted by Rincon Hill News and is the property of of Rincon Hill News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://rinconhillneighbors.org/2017/08/19/zacks-analysts-anticipate-great-ajax-corp-nyseajx-will-announce-quarterly-sales-of-13-56-million-updated.html.

Shares of Great Ajax Corp. (NYSE AJX) opened at 14.48 on Wednesday. Great Ajax Corp. has a 52-week low of $12.61 and a 52-week high of $14.98. The firm’s 50-day moving average is $14.06 and its 200 day moving average is $13.55. The company has a market capitalization of $263.09 million, a price-to-earnings ratio of 9.25 and a beta of 0.88.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.29%. This is an increase from Great Ajax Corp.’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 11th. Great Ajax Corp.’s payout ratio is currently 71.34%.

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.

Get a free copy of the Zacks research report on Great Ajax Corp. (AJX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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 our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.