Brokers Issue Forecasts for Axos Financial’s Q2 2019 Earnings (AX)

Axos Financial (NYSE:AX) – Equities research analysts at B. Riley dropped their Q2 2019 earnings per share estimates for Axos Financial in a research report issued on Friday, October 26th. B. Riley analyst S. Moss now anticipates that the company will post earnings of $0.58 per share for the quarter, down from their prior forecast of $0.66. B. Riley also issued estimates for Axos Financial’s Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $2.89 EPS, Q2 2020 earnings at $0.79 EPS, Q3 2020 earnings at $1.17 EPS and Q4 2020 earnings at $0.88 EPS.

Axos Financial (NYSE:AX) last released its earnings results on Wednesday, October 24th. The company reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $102.82 million for the quarter, compared to the consensus estimate of $106.61 million. Axos Financial had a net margin of 27.57% and a return on equity of 17.81%.

AX has been the topic of several other reports. Raymond James raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, October 3rd. DA Davidson lowered their price objective on shares of Axos Financial to $40.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, Zacks Investment Research raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th.

Axos Financial stock opened at $29.66 on Monday. The company has a market capitalization of $1.77 billion, a PE ratio of 11.96, a PEG ratio of 0.94 and a beta of 0.27. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.05. Axos Financial has a fifty-two week low of $24.20 and a fifty-two week high of $45.18.

Axos Financial Company Profile

Axos Financial, Inc engages in the provision of banking and financing services for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. Through its subsidiary, the firm offers consumer and business banking products through its distribution channels and affinity partners.

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

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