Axos Financial (NYSE:AX) Issues Earnings Results, Meets Expectations

Axos Financial (NYSE:AX) announced its quarterly earnings data on Tuesday. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80, Briefing.com reports. The company had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a return on equity of 19.03% and a net margin of 23.96%. During the same quarter in the previous year, the company earned $1.50 EPS.

Axos Financial Trading Down 4.2 %

Shares of AX stock traded down $3.09 during mid-day trading on Thursday, reaching $69.92. The company’s stock had a trading volume of 1,429,176 shares, compared to its average volume of 608,517. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.98 billion, a PE ratio of 9.48 and a beta of 1.43. The company’s 50 day simple moving average is $59.70 and its 200-day simple moving average is $55.63. Axos Financial has a 12-month low of $32.05 and a 12-month high of $79.15.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AX. Raymond James lifted their price target on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday. Wedbush boosted their target price on Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday. Piper Sandler boosted their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods cut shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.00.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.