Analysts Anticipate BofI Holding (BOFI) to Post $0.62 Earnings Per Share

Wall Street analysts forecast that BofI Holding (NASDAQ:BOFI) will announce earnings per share of $0.62 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for BofI’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.59. BofI posted earnings per share of $0.49 during the same quarter last year, which indicates a positive year over year growth rate of 26.5%. The business is expected to announce its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that BofI will report full year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.52. For the next fiscal year, analysts expect that the company will report earnings of $3.19 per share, with EPS estimates ranging from $3.04 to $3.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow BofI.

BofI (NASDAQ:BOFI) last posted its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. BofI had a net margin of 28.25% and a return on equity of 17.85%. The firm had revenue of $140.21 million for the quarter, compared to analyst estimates of $134.80 million. During the same quarter last year, the firm posted $0.63 earnings per share.

Several research firms recently commented on BOFI. BidaskClub lowered shares of BofI from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. Stephens set a $46.00 price target on shares of BofI and gave the company a “buy” rating in a report on Tuesday, April 10th. DA Davidson raised their price target on shares of BofI to $48.00 and gave the company a “buy” rating in a report on Thursday, April 5th. Zacks Investment Research lowered shares of BofI from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, Raymond James restated an “outperform” rating and issued a $45.00 price target (up previously from $42.00) on shares of BofI in a report on Monday, April 2nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.63.

NASDAQ BOFI opened at $42.17 on Tuesday. BofI has a one year low of $40.82 and a one year high of $41.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.20. The company has a market capitalization of $2.61 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.66 and a beta of 0.34.

In other news, Director James John Court sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $40.33, for a total transaction of $362,970.00. Following the completion of the sale, the director now owns 28,856 shares of the company’s stock, valued at $1,163,762.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.24% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Earnest Partners LLC acquired a new position in BofI in the fourth quarter worth $108,000. SG Americas Securities LLC acquired a new position in BofI in the first quarter worth $193,000. Cetera Advisor Networks LLC acquired a new position in BofI in the first quarter worth $202,000. Miles Capital Inc. acquired a new position in BofI in the fourth quarter worth $207,000. Finally, Barings LLC acquired a new position in BofI in the first quarter worth $211,000. 83.05% of the stock is owned by institutional investors and hedge funds.

About BofI

BofI Holding, 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; and consumer lending products consisting of prime loans to purchase new and used automobiles and recreational vehicles, as well as deposit-related overdraft lines of credit.

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Earnings History and Estimates for BofI (NASDAQ:BOFI)

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