AMREP (NYSE:AXR – Get Free Report) issued its quarterly earnings results on Friday. The business services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.20), FiscalAI reports. The firm had revenue of $11.02 million during the quarter, compared to the consensus estimate of $12.36 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.
AMREP Trading Down 1.1%
Shares of NYSE:AXR traded down $0.28 on Friday, hitting $25.12. The company had a trading volume of 1,115 shares, compared to its average volume of 8,834. The stock has a market cap of $133.29 million, a price-to-earnings ratio of 10.47 and a beta of 1.12. The stock has a 50 day moving average price of $25.68 and a 200 day moving average price of $25.15. AMREP has a 1-year low of $17.61 and a 1-year high of $29.01.
Insider Buying and Selling
In other news, major shareholder James H. Dahl acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $24.50 per share, with a total value of $122,500.00. Following the acquisition, the insider directly owned 493,133 shares in the company, valued at $12,081,758.50. This represents a 1.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have bought 21,231 shares of company stock valued at $556,625. 37.20% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On AMREP
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on AXR shares. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Freedom Capital lowered AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings raised AMREP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, AMREP presently has an average rating of “Hold”.
View Our Latest Analysis on AMREP
About AMREP
AMREP Corporation (NYSE: AXR) is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.
Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.
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