Axos Financial (NYSE:AX) Issues Earnings Results

Axos Financial (NYSE:AX) announced its earnings results on Tuesday. The company reported $1.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.80, Briefing.com reports. The company had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 19.03%. During the same quarter in the previous year, the business posted $1.50 earnings per share.

Axos Financial Stock Down 5.6 %

NYSE AX traded down $3.92 during trading hours on Friday, reaching $66.00. 345,615 shares of the company traded hands, compared to its average volume of 606,740. Axos Financial has a 12 month low of $32.05 and a 12 month high of $79.15. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.76 billion, a PE ratio of 9.49 and a beta of 1.42. The company has a 50 day moving average of $59.70 and a two-hundred day moving average of $55.63.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a research report on Wednesday. Raymond James boosted their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wedbush raised their price target on shares of Axos Financial from $60.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Piper Sandler raised their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $81.00.

About Axos Financial

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.