Wall Street analysts expect that Axos Financial Inc (NYSE:AX) will announce sales of $156.59 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Axos Financial’s earnings. The lowest sales estimate is $153.20 million and the highest is $160.46 million. Axos Financial posted sales of $140.21 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, April 30th.
On average, analysts expect that Axos Financial will report full-year sales of $496.71 million for the current fiscal year, with estimates ranging from $487.07 million to $503.20 million. For the next financial year, analysts anticipate that the company will post sales of $591.37 million, with estimates ranging from $563.69 million to $604.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Axos Financial.
Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The business had revenue of $109.61 million for 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 research firms recently issued reports on AX. Craig Hallum reduced their price target on shares of Axos Financial from $51.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. Compass Point upgraded shares of Axos Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $33.00 to $38.00 in a research report on Wednesday, February 6th. Finally, ValuEngine lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Axos Financial presently has an average rating of “Buy” and a consensus price target of $41.20.
Shares of NYSE AX traded down $0.34 during trading hours on Monday, hitting $30.91. 145,209 shares of the stock were exchanged, compared to its average volume of 429,487. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.07 and a beta of 0.84. Axos Financial has a 1-year low of $23.87 and a 1-year high of $45.18.
About Axos Financial
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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