Q3 2019 EPS Estimates for Axos Financial Inc Cut by Analyst (AX)

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Axos Financial Inc (NYSE:AX) – Equities research analysts at B. Riley cut their Q3 2019 EPS estimates for shares of Axos Financial in a research report issued to clients and investors on Monday, March 11th. B. Riley analyst S. Moss now forecasts that the company will post earnings per share of $0.89 for the quarter, down from their prior estimate of $0.98. B. Riley has a “Buy” rating and a $42.00 price objective on the stock. B. Riley also issued estimates for Axos Financial’s FY2019 earnings at $2.86 EPS, Q1 2020 earnings at $0.72 EPS, Q3 2020 earnings at $1.00 EPS, Q4 2020 earnings at $0.88 EPS and FY2020 earnings at $3.40 EPS.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Axos Financial had a return on equity of 17.25% and a net margin of 27.70%. The firm had revenue of $109.61 million for the quarter, compared to analyst estimates of $111.77 million.

Other equities analysts also recently issued reports about the company. Compass Point upgraded Axos Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $38.00 in a report on Wednesday, February 6th. Craig Hallum cut their price objective on Axos Financial from $51.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Zacks Investment Research upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Friday, December 14th. Finally, ValuEngine upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $41.20.

Shares of NYSE:AX opened at $30.34 on Thursday. 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 12-month low of $23.87 and a 12-month high of $45.18. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.04 and a beta of 0.86.

About Axos Financial

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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Earnings History and Estimates for Axos Financial (NYSE:AX)

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