Ladder Capital Corp (NYSE:LADR) Expected to Post Earnings of $0.41 Per Share

Brokerages expect Ladder Capital Corp (NYSE:LADR) to report earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ladder Capital’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.43. Ladder Capital reported earnings per share of $0.59 during the same quarter last year, which indicates a negative year-over-year growth rate of 30.5%. The company is scheduled to announce its next earnings report on Thursday, November 7th.

On average, analysts expect that Ladder Capital will report full year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.65 to $1.70. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.72 per share, with EPS estimates ranging from $1.65 to $1.76. Zacks’ EPS averages are an average based on a survey of analysts that cover Ladder Capital.

Ladder Capital (NYSE:LADR) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04. Ladder Capital had a net margin of 26.91% and a return on equity of 12.05%. The firm had revenue of $85.32 million for the quarter, compared to analysts’ expectations of $83.00 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis.

Several research firms have recently commented on LADR. Zacks Investment Research raised shares of Ladder Capital from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. reduced their target price on shares of Ladder Capital from $18.00 to $17.50 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.50.

Shares of LADR stock traded up $0.06 during trading hours on Wednesday, reaching $17.48. 15,489 shares of the stock were exchanged, compared to its average volume of 517,059. Ladder Capital has a 12-month low of $14.75 and a 12-month high of $18.82. The company’s 50-day moving average price is $17.08 and its 200-day moving average price is $16.80. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.01 and a beta of 0.97. The company has a current ratio of 62.27, a quick ratio of 62.27 and a debt-to-equity ratio of 2.80.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date was Monday, September 9th. Ladder Capital’s dividend payout ratio (DPR) is 69.74%.

Several institutional investors and hedge funds have recently made changes to their positions in LADR. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Ladder Capital in the second quarter valued at about $31,000. Quad Cities Investment Group LLC purchased a new position in Ladder Capital during the second quarter worth about $33,000. Point72 Asset Management L.P. purchased a new position in Ladder Capital during the second quarter worth about $35,000. Lenox Wealth Advisors LLC purchased a new position in Ladder Capital during the third quarter worth about $45,000. Finally, Mcmillion Capital Management Inc. purchased a new position in Ladder Capital during the second quarter worth about $83,000. 49.51% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Ladder Capital (NYSE:LADR)

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