FY2019 Earnings Estimate for Axos Financial Inc Issued By B. Riley (NYSE:AX)

Axos Financial Inc (NYSE:AX) – Investment analysts at B. Riley cut their FY2019 earnings per share (EPS) estimates for Axos Financial in a research note issued on Thursday, May 2nd, according to Zacks Investment Research. B. Riley analyst S. Moss now expects that the company will post earnings of $2.80 per share for the year, down from their previous forecast of $2.85.

A number of other equities analysts have also recently issued reports on the company. Compass Point cut Axos Financial from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a report on Wednesday, May 1st. ValuEngine cut Axos Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Craig Hallum lowered their target price on Axos Financial from $51.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Axos Financial currently has an average rating of “Buy” and an average price target of $40.60.

AX stock traded down $0.33 during trading hours on Monday, reaching $27.81. 260,600 shares of the stock were exchanged, compared to its average volume of 394,611. The stock has a market cap of $1.72 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.99 and a beta of 0.88. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. Axos Financial has a 12 month low of $23.87 and a 12 month high of $45.18.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.11). The firm had revenue of $155.27 million during the quarter, compared to the consensus estimate of $158.20 million. Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The business’s quarterly revenue was up 10.7% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of AX. MBM Wealth Consultants LLC acquired a new stake in Axos Financial in the 1st quarter valued at about $26,000. WealthBridge Capital Management LLC acquired a new stake in Axos Financial in the 1st quarter valued at about $28,000. US Bancorp DE acquired a new stake in Axos Financial in the 1st quarter valued at about $29,000. Toronto Dominion Bank acquired a new stake in Axos Financial in the 1st quarter valued at about $34,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Axos Financial in the 1st quarter valued at about $35,000. Institutional investors own 72.65% of the company’s stock.

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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