Axos Financial (NYSE:AX) Releases Earnings Results, Hits Estimates

Axos Financial (NYSE:AX) posted its earnings results on Tuesday. The company reported $1.80 EPS for the quarter, meeting analysts’ consensus estimates of $1.80, Briefing.com reports. The firm had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same period in the prior year, the company earned $1.50 EPS.

Axos Financial Trading Down 5.9 %

AX stock traded down $4.60 during midday trading on Wednesday, reaching $73.01. The company’s stock had a trading volume of 1,653,232 shares, compared to its average volume of 602,894. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day simple moving average of $59.46 and a two-hundred day simple moving average of $55.51. Axos Financial has a 1 year low of $32.05 and a 1 year high of $79.15. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.96 and a beta of 1.43.

Wall Street Analyst Weigh In

AX has been the subject of a number of research reports. Wedbush increased their target price on Axos Financial from $60.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday. Keefe, Bruyette & Woods downgraded Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a research report on Wednesday. Raymond James raised their price target on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Piper Sandler raised their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $81.00.

Axos Financial Company Profile

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.