Axos Financial (NYSE:AX) issued its quarterly earnings data on Tuesday. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02, Briefing.com reports. The firm had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $124.58 million. Axos Financial had a return on equity of 16.76% and a net margin of 24.48%. Axos Financial’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share.
Shares of NYSE AX traded up $1.59 during trading on Wednesday, reaching $29.31. The company had a trading volume of 879,154 shares, compared to its average volume of 379,589. Axos Financial has a twelve month low of $23.87 and a twelve month high of $43.17. The stock has a market capitalization of $1.69 billion, a PE ratio of 11.82, a PEG ratio of 0.87 and a beta of 0.97. The business’s 50-day simple moving average is $27.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.40.
AX has been the subject of a number of analyst reports. Compass Point raised Axos Financial from a “neutral” rating to a “buy” rating in a report on Wednesday. B. Riley set a $33.00 price target on Axos Financial and gave the stock a “buy” rating in a report on Thursday, July 11th. ValuEngine cut Axos Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, June 22nd. Finally, Zacks Investment Research raised Axos Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.80.
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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