B. Riley set a $33.00 target price on Axos Financial (NYSE:AX) in a research note published on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Axos Financial’s Q1 2020 earnings at $0.65 EPS, Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.90 EPS, Q4 2020 earnings at $0.71 EPS and FY2020 earnings at $2.95 EPS.
AX has been the subject of a number of other reports. Compass Point lowered shares of 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. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price for the company in a report on Monday, July 8th. Finally, ValuEngine upgraded shares of Zumiez from a sell rating to a hold rating in a report on Saturday, June 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Axos Financial currently has a consensus rating of Buy and an average price target of $38.80.
Shares of NYSE:AX opened at $26.76 on Thursday. The company’s 50-day moving average is $27.50. Axos Financial has a 12-month low of $23.87 and a 12-month high of $43.17. The company has a market capitalization of $1.64 billion, a PE ratio of 10.06, a P/E/G ratio of 0.82 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.40.
Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.11). The company had revenue of $155.27 million for 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 firm’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts expect that Axos Financial will post 2.73 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Cable Hill Partners LLC purchased a new stake in Axos Financial in the first quarter worth about $81,000. Creative Planning purchased a new stake in Axos Financial in the first quarter worth about $2,434,000. SG Americas Securities LLC purchased a new stake in Axos Financial in the first quarter worth about $510,000. Aurora Investment Counsel purchased a new stake in Axos Financial in the first quarter worth about $1,377,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in Axos Financial in the first quarter worth about $412,000. Institutional investors own 72.62% 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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