Axos Financial (NYSE:AX) Issues Quarterly Earnings Results

Axos Financial (NYSE:AX) posted its quarterly earnings data on Tuesday. The company reported $1.80 earnings per share for the quarter, hitting the consensus estimate of $1.80, Briefing.com reports. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 19.03%. During the same quarter last year, the business posted $1.50 earnings per share.

Axos Financial Stock Down 5.3 %

Shares of NYSE:AX traded down $3.73 during trading on Friday, hitting $66.19. 424,158 shares of the company were exchanged, compared to its average volume of 607,271. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 9.49 and a beta of 1.42. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $79.15. The firm has a fifty day moving average price of $59.70 and a two-hundred day moving average price of $55.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

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

About Axos Financial

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.