Axos Financial (AX) Announces Earnings Results

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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.

AX has been the topic of several research reports. ValuEngine raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Compass Point cut shares of Axos Financial from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research report on Wednesday. Finally, Craig Hallum cut their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $40.60.

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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.

Read More: Producer Price Index (PPI)

Earnings History for Axos Financial (NYSE:AX)

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