Great Ajax Corp (AJX) Expected to Post Earnings of $0.42 Per Share

Equities analysts forecast that Great Ajax Corp (NYSE:AJX) will announce earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Great Ajax’s earnings. Great Ajax posted earnings of $0.35 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The business is expected to announce its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Great Ajax will report full year earnings of $1.62 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.84 per share, with EPS estimates ranging from $1.75 to $1.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Great Ajax.

Several research firms have recently issued reports on AJX. B. Riley reissued a “buy” rating on shares of Great Ajax in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday, December 11th. Finally, Compass Point began coverage on shares of Great Ajax in a research report on Friday, September 29th. They issued a “neutral” rating and a $15.50 price objective for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $15.17.

Great Ajax (AJX) traded down $0.01 during trading on Tuesday, hitting $13.87. 30,751 shares of the stock traded hands, compared to its average volume of 26,900. Great Ajax has a 52 week low of $12.72 and a 52 week high of $15.40. The firm has a market capitalization of $253.15 and a price-to-earnings ratio of 10.35. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 2.03.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AJX. Vanguard Group Inc. grew its holdings in Great Ajax by 14.7% during the 1st quarter. Vanguard Group Inc. now owns 611,719 shares of the real estate investment trust’s stock valued at $7,983,000 after purchasing an additional 78,399 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Great Ajax by 30.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 26,093 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 6,014 shares in the last quarter. Rhumbline Advisers grew its holdings in Great Ajax by 15.6% during the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 2,415 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Great Ajax by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 69,335 shares of the real estate investment trust’s stock valued at $969,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Great Ajax during the 2nd quarter valued at $192,000. 71.42% of the stock is owned by institutional investors and hedge funds.

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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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