Equities research analysts predict that Ladder Capital Corp (NYSE:LADR) will report $81.19 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ladder Capital’s earnings, with the highest sales estimate coming in at $84.15 million and the lowest estimate coming in at $77.80 million. Ladder Capital posted sales of $135.10 million in the same quarter last year, which suggests a negative year over year growth rate of 39.9%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Ladder Capital will report full year sales of $309.87 million for the current year, with estimates ranging from $302.10 million to $315.13 million. For the next fiscal year, analysts expect that the firm will report sales of $336.87 million, with estimates ranging from $328.80 million to $351.11 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Ladder Capital.
Ladder Capital (NYSE:LADR) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. The business had revenue of $85.32 million during the quarter, compared to the consensus estimate of $83.00 million. Ladder Capital had a net margin of 26.91% and a return on equity of 12.05%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS.
Shares of NYSE LADR traded up $0.13 during midday trading on Friday, reaching $16.63. 469,300 shares of the stock were exchanged, compared to its average volume of 737,246. The company has a 50 day simple moving average of $16.79 and a 200 day simple moving average of $16.91. The stock has a market capitalization of $1.99 billion, a P/E ratio of 8.53 and a beta of 0.97. The company has a debt-to-equity ratio of 2.80, a quick ratio of 62.27 and a current ratio of 62.27. Ladder Capital has a twelve month low of $14.75 and a twelve month high of $18.82.
In related news, President Pamela Mccormack bought 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $16.03 per share, for a total transaction of $25,648.00. Following the acquisition, the president now owns 523,965 shares of the company’s stock, valued at $8,399,158.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Ladder Capital during the 2nd quarter worth $31,000. Quad Cities Investment Group LLC purchased a new stake in shares of Ladder Capital during the 2nd quarter worth $33,000. Point72 Asset Management L.P. purchased a new stake in shares of Ladder Capital during the 2nd quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Ladder Capital during the 1st quarter worth $61,000. Finally, Mcmillion Capital Management Inc. purchased a new stake in shares of Ladder Capital during the 2nd quarter worth $83,000. Hedge funds and other institutional investors own 51.30% of the company’s stock.
Ladder Capital Company Profile
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.
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