Zacks: Analysts Expect Axos Financial Inc (NYSE:AX) Will Post Earnings of $0.69 Per Share

Wall Street brokerages forecast that Axos Financial Inc (NYSE:AX) will report earnings of $0.69 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Axos Financial’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.71. Axos Financial posted earnings per share of $0.63 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The company is expected to report its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Axos Financial will report full-year earnings of $3.02 per share for the current year, with EPS estimates ranging from $2.98 to $3.06. For the next year, analysts anticipate that the business will post earnings of $3.22 per share, with EPS estimates ranging from $3.15 to $3.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Axos Financial.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, October 29th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Axos Financial had a return on equity of 16.66% and a net margin of 23.48%. The business had revenue of $124.84 million for the quarter, compared to the consensus estimate of $124.87 million. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year.

A number of brokerages recently issued reports on AX. B. Riley upped their price target on shares of Axos Financial from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. ValuEngine upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $38.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in AX. Doyle Wealth Management purchased a new position in Axos Financial in the 2nd quarter worth about $35,000. Steward Partners Investment Advisory LLC bought a new position in Axos Financial during the 2nd quarter valued at about $39,000. NumerixS Investment Technologies Inc bought a new position in Axos Financial during the 2nd quarter valued at about $55,000. Quantamental Technologies LLC purchased a new stake in shares of Axos Financial during the 2nd quarter valued at about $154,000. Finally, CWM LLC boosted its holdings in shares of Axos Financial by 6.9% during the 2nd quarter. CWM LLC now owns 6,200 shares of the company’s stock valued at $169,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 72.64% of the company’s stock.

Shares of NYSE:AX traded down $0.34 on Thursday, hitting $28.70. 269,203 shares of the company traded hands, compared to its average volume of 341,123. The stock has a 50 day simple moving average of $29.48 and a 200-day simple moving average of $27.81. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.78 billion, a PE ratio of 10.44 and a beta of 1.00. Axos Financial has a 52 week low of $23.87 and a 52 week high of $33.52.

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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