Axos Financial Inc (NYSE:AX) Expected to Announce Quarterly Sales of $126.71 Million

Equities research analysts predict that Axos Financial Inc (NYSE:AX) will announce sales of $126.71 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Axos Financial’s earnings, with estimates ranging from $123.90 million to $132.00 million. Axos Financial reported sales of $102.82 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.2%. The company is scheduled to report its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Axos Financial will report full-year sales of $571.59 million for the current fiscal year, with estimates ranging from $555.81 million to $586.00 million. For the next financial year, analysts expect that the company will post sales of $617.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Axos Financial.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $124.58 million. Axos Financial had a net margin of 23.92% and a return on equity of 16.79%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share.



A number of research analysts have recently issued reports on the stock. B. Riley set a $33.00 price objective on shares of Axos Financial and gave the company a “buy” rating in a report on Thursday, July 11th. Compass Point upgraded shares of Axos Financial from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, ValuEngine upgraded shares of Axos Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $38.80.

Several hedge funds and other institutional investors have recently modified their holdings of the company. MBM Wealth Consultants LLC bought a new position in shares of Axos Financial during the first quarter valued at about $26,000. Toronto Dominion Bank bought a new position in shares of Axos Financial during the first quarter valued at about $34,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Axos Financial during the first quarter valued at about $35,000. Doyle Wealth Management bought a new position in shares of Axos Financial during the second quarter valued at about $35,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Axos Financial during the first quarter valued at about $42,000. Hedge funds and other institutional investors own 71.76% of the company’s stock.

NYSE:AX traded down $0.75 during trading hours on Thursday, reaching $26.59. The company had a trading volume of 381,248 shares, compared to its average volume of 374,656. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.88 and a beta of 0.97. The business’s 50-day simple moving average is $27.03 and its two-hundred day simple moving average is $29.31. Axos Financial has a twelve month low of $23.87 and a twelve month high of $38.85.

Axos Financial Company Profile

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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