$156.59 Million in Sales Expected for Axos Financial Inc (AX) This Quarter

Equities analysts predict that Axos Financial Inc (NYSE:AX) will announce sales of $156.59 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Axos Financial’s earnings, with estimates ranging from $153.20 million to $160.46 million. Axos Financial reported sales of $140.21 million in the same quarter last year, which indicates a positive year over year growth rate of 11.7%. The business is expected to report its next earnings results after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that Axos Financial will report full year sales of $496.71 million for the current fiscal year, with estimates ranging from $487.07 million to $503.20 million. For the next fiscal year, analysts expect that the firm will report sales of $591.37 million, with estimates ranging from $563.69 million to $604.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Axos Financial.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Axos Financial had a return on equity of 17.25% and a net margin of 27.70%. The business had revenue of $109.61 million for the quarter, compared to the consensus estimate of $111.77 million.

A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Axos Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Compass Point raised Axos Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $38.00 in a research report on Wednesday, February 6th. Finally, Craig Hallum decreased their target price on Axos Financial from $51.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.20.

AX stock traded down $0.34 during trading on Monday, reaching $30.91. 145,209 shares of the stock were exchanged, compared to its average volume of 429,487. Axos Financial has a twelve month low of $23.87 and a twelve month high of $45.18. The company has a market cap of $1.89 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.06.

About Axos Financial

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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