Great Ajax Corp. (NYSE:AJX) Expected to Announce Quarterly Sales of $15.39 Million

Equities analysts predict that Great Ajax Corp. (NYSE:AJX – Get Rating) will announce sales of $15.39 million for the current quarter, Zacks reports. Three analysts have issued estimates for Great Ajax’s earnings, with estimates ranging from $14.70 million to $15.80 million. Great Ajax reported sales of $14.22 million during the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The company is scheduled to report its next 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 fiscal year, analysts anticipate that the firm will post sales of $67.30 million, with estimates ranging from $62.40 million to $72.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Great Ajax.

Great Ajax (NYSE:AJX – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.21). Great Ajax had a net margin of 54.37% and a return on equity of 10.30%. During the same quarter in the previous year, the business posted $0.30 EPS.

A number of brokerages recently issued reports on AJX. Zacks Investment Research upgraded shares of Great Ajax from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Tuesday, May 3rd. Compass Point lowered shares of 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. StockNews.com started coverage on shares of Great Ajax in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, JMP Securities lowered their target price on shares of Great Ajax from $15.00 to $11.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Great Ajax presently has a consensus rating of “Buy” and an average price target of $13.20.

AJX opened at $9.41 on Friday. The firm has a market capitalization of $218.41 million, a P/E ratio of 7.41 and a beta of 1.80. The firm’s 50 day moving average is $10.63 and its 200-day moving average is $12.22. Great Ajax has a 52-week low of $9.06 and a 52-week high of $14.74. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.76.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.04 annualized dividend and a yield of 11.05%. Great Ajax’s payout ratio is presently 81.89%.

Several institutional investors and hedge funds have recently modified their holdings of AJX. Metropolitan Life Insurance Co NY acquired a new position in shares of Great Ajax in the 3rd quarter valued at about $80,000. BNP Paribas Arbitrage SA grew its stake in shares of Great Ajax by 51.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,261 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 2,119 shares in the last quarter. Barclays PLC grew its stake in shares of Great Ajax by 227.0% in the 3rd quarter. Barclays PLC now owns 8,972 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 6,228 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of Great Ajax in the 3rd quarter valued at approximately $148,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Great Ajax in the 3rd quarter valued at approximately $181,000. Institutional investors own 80.85% of the company’s stock.

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.

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