Axos Financial (NYSE:AX) announced its earnings results on Wednesday. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.24, Briefing.com reports. Axos Financial had a net margin of 25.24% and a return on equity of 16.22%. The business had revenue of $146.00 million during the quarter, compared to the consensus estimate of $133.72 million. During the same quarter last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.
Shares of Axos Financial stock traded down $0.16 during trading on Friday, hitting $22.41. 440,451 shares of the company’s stock traded hands, compared to its average volume of 276,934. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 1.14. Axos Financial has a 1 year low of $13.69 and a 1 year high of $30.89. The stock has a market capitalization of $1.34 billion, a P/E ratio of 7.49 and a beta of 1.44. The business has a 50-day simple moving average of $20.84 and a 200-day simple moving average of $22.20.
AX has been the subject of a number of recent research reports. Raymond James lowered their price objective on Axos Financial from $27.00 to $23.00 and set a “strong-buy” rating for the company in a research note on Friday, May 15th. ValuEngine raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Piper Sandler upped their price target on shares of Axos Financial from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Axos Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Wedbush lifted their target price on shares of Axos Financial from $21.00 to $27.00 and gave the stock an “in-line” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a hold rating, two have given 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 price target of $25.75.
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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