B. Riley set a $33.00 price objective on Axos Financial (NYSE:AX) in a research note published on Thursday morning, Stock Target Advisor reports. The firm 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 topic of a number of other reports. Zacks Investment Research raised shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a research report on Monday, July 8th. Compass Point downgraded shares of Axos Financial from a buy rating to a neutral rating and set a $35.00 price objective on the stock. in a research report on Wednesday, May 1st. Finally, ValuEngine raised shares of Zumiez from a sell rating to a hold rating in a research report on Saturday, June 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $38.80.
Shares of NYSE AX opened at $26.76 on Thursday. 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 has a 12 month low of $23.87 and a 12 month high of $43.17. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 0.82 and a beta of 0.97. The stock has a fifty day moving average of $27.50.
Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.11). Axos Financial had a return on equity of 16.76% and a net margin of 24.48%. The company had revenue of $155.27 million during the quarter, compared to the consensus estimate of $158.20 million. The business’s revenue was up 10.7% on a year-over-year basis. Research analysts expect that Axos Financial will post 2.73 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Cable Hill Partners LLC bought a new position in Axos Financial during the 1st quarter valued at about $81,000. Creative Planning bought a new position in Axos Financial during the 1st quarter valued at about $2,434,000. SG Americas Securities LLC bought a new position in Axos Financial during the 1st quarter valued at about $510,000. Aurora Investment Counsel bought a new position in Axos Financial during the 1st quarter valued at about $1,377,000. Finally, BNP Paribas Arbitrage SA bought a new position in shares of Axos Financial in the 1st quarter worth approximately $412,000. 72.62% of the stock is currently owned by institutional investors.
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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