Q3 2019 EPS Estimates for Axos Financial Inc Cut by Analyst (AX)

Axos Financial Inc (NYSE:AX) – Equities researchers at B. Riley lowered their Q3 2019 earnings per share estimates for shares of Axos Financial in a research report issued on Monday, March 11th. B. Riley analyst S. Moss now expects that the company will post earnings per share of $0.89 for the quarter, down from their previous estimate of $0.98. B. Riley currently has a “Buy” rating and a $42.00 target price on the stock. B. Riley also issued estimates for Axos Financial’s FY2019 earnings at $2.86 EPS, Q1 2020 earnings at $0.72 EPS, Q3 2020 earnings at $1.00 EPS, Q4 2020 earnings at $0.88 EPS and FY2020 earnings at $3.40 EPS.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $109.61 million during the quarter, compared to analyst estimates of $111.77 million. Axos Financial had a net margin of 27.70% and a return on equity of 17.25%.

Several other analysts have also issued reports on AX. Zacks Investment Research lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. ValuEngine lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Compass Point upgraded shares of Axos Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $38.00 in a research report on Wednesday, February 6th. Finally, Craig Hallum dropped their price target on shares of Axos Financial from $51.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.20.

Shares of NYSE AX opened at $30.34 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.85 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.04 and a beta of 0.86. Axos Financial has a 12-month low of $23.87 and a 12-month high of $45.18.

Axos Financial Company Profile

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Earnings History and Estimates for Axos Financial (NYSE:AX)

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