Axos Financial (NYSE:AX) announced its quarterly earnings data on Tuesday. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11), Briefing.com reports. The business had revenue of $155.27 million during the quarter, compared to the consensus estimate of $158.20 million. Axos Financial had a net margin of 24.48% and a return on equity of 17.00%. The firm’s revenue was up 10.7% compared to the same quarter last year.
AX stock traded up $0.70 during midday trading on Thursday, hitting $31.07. The company’s stock had a trading volume of 2,347 shares, compared to its average volume of 295,326. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.06. Axos Financial has a twelve month low of $23.87 and a twelve month high of $45.18. The firm has a market capitalization of $2.00 billion, a P/E ratio of 12.53, a PEG ratio of 1.13 and a beta of 0.88.
A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers bought a new stake in shares of Axos Financial during the 1st quarter worth about $4,745,000. Alps Advisors Inc. bought a new stake in shares of Axos Financial during the 1st quarter worth about $387,000. Van Hulzen Asset Management LLC bought a new stake in shares of Axos Financial during the 1st quarter worth about $452,000. Rice Hall James & Associates LLC bought a new stake in shares of Axos Financial during the 1st quarter worth about $37,270,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Axos Financial during the 1st quarter worth about $608,000. Hedge funds and other institutional investors own 77.74% of the company’s stock.
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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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