$0.42 Earnings Per Share Expected for Ladder Capital Corp (LADR) This Quarter

Wall Street brokerages predict that Ladder Capital Corp (NYSE:LADR) will post earnings of $0.42 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ladder Capital’s earnings, with estimates ranging from $0.40 to $0.44. Ladder Capital reported earnings of $0.45 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 6.7%. The firm is expected to issue its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Ladder Capital will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.78. For the next fiscal year, analysts expect that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.65 to $1.81. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ladder Capital.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Ladder Capital had a net margin of 27.90% and a return on equity of 12.25%. The company had revenue of $68.37 million for the quarter, compared to analysts’ expectations of $78.38 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share.

Several analysts recently weighed in on the stock. Deutsche Bank cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. ValuEngine raised shares of Ladder Capital from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Zacks Investment Research cut shares of Ladder Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, TheStreet raised shares of Ladder Capital from a “c” rating to a “b” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.10.

Shares of Ladder Capital stock traded down $0.03 during trading on Thursday, hitting $16.26. The company’s stock had a trading volume of 764,601 shares, compared to its average volume of 765,396. The company has a quick ratio of 106.07, a current ratio of 106.07 and a debt-to-equity ratio of 2.87. Ladder Capital has a 52 week low of $14.75 and a 52 week high of $18.82. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 8.34 and a beta of 0.94.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Ladder Capital by 3.6% in the fourth quarter. BlackRock Inc. now owns 9,123,357 shares of the real estate investment trust’s stock valued at $141,137,000 after buying an additional 320,577 shares during the period. Vanguard Group Inc lifted its holdings in Ladder Capital by 1.9% in the third quarter. Vanguard Group Inc now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after buying an additional 145,880 shares during the period. Vanguard Group Inc. lifted its holdings in Ladder Capital by 1.9% in the third quarter. Vanguard Group Inc. now owns 7,784,024 shares of the real estate investment trust’s stock valued at $131,861,000 after buying an additional 145,880 shares during the period. LSV Asset Management lifted its holdings in Ladder Capital by 6.6% in the first quarter. LSV Asset Management now owns 3,014,423 shares of the real estate investment trust’s stock valued at $51,305,000 after buying an additional 186,676 shares during the period. Finally, Raymond James & Associates lifted its holdings in Ladder Capital by 1,123.9% in the first quarter. Raymond James & Associates now owns 2,328,135 shares of the real estate investment trust’s stock valued at $39,625,000 after buying an additional 2,137,915 shares during the period. Institutional investors and hedge funds own 54.30% 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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