Great Ajax Corp. (NYSE:AJX) Expected to Post Quarterly Sales of $15.01 Million

Equities analysts expect Great Ajax Corp. (NYSE:AJXGet Rating) to announce $15.01 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Great Ajax’s earnings. The lowest sales estimate is $14.70 million and the highest is $15.60 million. Great Ajax posted sales of $13.73 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Great Ajax will report full-year sales of $62.70 million for the current financial year, with estimates ranging from $59.10 million to $64.89 million. For the next financial year, analysts expect that the firm will report sales of $67.30 million, with estimates ranging from $62.40 million to $72.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Great Ajax.

Great Ajax (NYSE:AJXGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.05). Great Ajax had a net margin of 54.37% and a return on equity of 10.30%. During the same period in the prior year, the business earned $0.41 earnings per share.

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Great Ajax in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered Great Ajax from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 8th. Finally, Compass Point lowered Great Ajax from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Friday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.20.

NYSE:AJX opened at $10.40 on Monday. The company has a market cap of $240.75 million, a price-to-earnings ratio of 7.32 and a beta of 1.77. Great Ajax has a 1 year low of $10.17 and a 1 year high of $14.74. The company has a 50 day moving average of $11.38. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.20 and a quick ratio of 2.20.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 18th were paid a dividend of $0.26 per share. This is a positive change from Great Ajax’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date was Thursday, March 17th. Great Ajax’s dividend payout ratio (DPR) is currently 73.24%.

Several hedge funds have recently modified their holdings of AJX. Metropolitan Life Insurance Co NY bought a new stake in shares of Great Ajax during the 3rd quarter worth approximately $80,000. BNP Paribas Arbitrage SA increased its holdings in Great Ajax by 51.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,261 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 2,119 shares during the period. Barclays PLC increased its holdings in Great Ajax by 227.0% during the 3rd quarter. Barclays PLC now owns 8,972 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 6,228 shares during the period. Voya Investment Management LLC purchased a new position in Great Ajax during the 3rd quarter worth $148,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Great Ajax during the 3rd quarter worth $181,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Great Ajax Company Profile (Get Rating)

Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

Further Reading

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

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

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

Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with MarketBeat.com's FREE daily email newsletter.