Axos Financial Inc (AX) Expected to Post Earnings of $0.69 Per Share

Analysts forecast that Axos Financial Inc (NYSE:AX) will post $0.69 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Axos Financial’s earnings, with estimates ranging from $0.66 to $0.72. Axos Financial posted earnings per share of $0.58 during the same quarter last year, which suggests a positive year-over-year growth rate of 19%. The business is expected to report its next earnings results on Tuesday, August 6th.

On average, analysts expect that Axos Financial will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.71. For the next year, analysts anticipate that the business will post earnings of $3.36 per share, with EPS estimates ranging from $3.15 to $3.49. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Axos Financial.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). The company had revenue of $155.27 million during the quarter, compared to analyst estimates of $158.20 million. Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year.

AX has been the topic of several analyst reports. Craig Hallum reduced their price objective on Axos Financial from $51.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. ValuEngine upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Compass Point upgraded Axos Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $38.00 in a research note on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.60.

A number of institutional investors have recently bought and sold shares of AX. MBM Wealth Consultants LLC acquired a new stake in Axos Financial in the first quarter valued at $26,000. Toronto Dominion Bank acquired a new stake in Axos Financial in the first quarter valued at $34,000. Public Employees Retirement Association of Colorado acquired a new stake in Axos Financial in the first quarter valued at $42,000. LS Investment Advisors LLC acquired a new stake in Axos Financial in the first quarter valued at $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Axos Financial in the first quarter valued at $83,000. Institutional investors own 77.74% of the company’s stock.

Shares of NYSE AX traded down $0.20 during mid-day trading on Monday, hitting $31.07. The company had a trading volume of 316,656 shares, compared to its average volume of 425,005. The stock has a market cap of $1.92 billion, a P/E ratio of 12.53, a PEG ratio of 1.08 and a beta of 0.88. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40. 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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Earnings History and Estimates for Axos Financial (NYSE:AX)

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