Axos Financial (NYSE:AX) Issues Earnings Results

Axos Financial (NYSE:AX) issued its quarterly earnings data on Tuesday. The company reported $1.80 EPS for the quarter, hitting analysts’ consensus estimates of $1.80, Briefing.com reports. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. The firm had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. During the same quarter in the previous year, the business posted $1.50 EPS.

Axos Financial Stock Down 6.2 %

Shares of NYSE:AX traded down $4.81 during trading on Wednesday, reaching $72.80. 207,328 shares of the company traded hands, compared to its average volume of 592,991. The firm has a fifty day simple moving average of $59.46 and a 200 day simple moving average of $55.51. The firm has a market cap of $4.15 billion, a P/E ratio of 9.88 and a beta of 1.43. Axos Financial has a 1-year low of $32.05 and a 1-year high of $79.15. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

AX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price on the stock. in a research note on Wednesday. Piper Sandler increased their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wedbush reissued a “neutral” rating and set a $60.00 target price on shares of Axos Financial in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.25.

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.