$107.38 Million in Sales Expected for BofI Holding (BOFI) This Quarter

Wall Street brokerages expect BofI Holding (NASDAQ:BOFI) to report sales of $107.38 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for BofI’s earnings, with the highest sales estimate coming in at $111.00 million and the lowest estimate coming in at $103.60 million. BofI reported sales of $92.06 million during the same quarter last year, which indicates a positive year over year growth rate of 16.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, July 26th.

According to Zacks, analysts expect that BofI will report full-year sales of $439.23 million for the current fiscal year, with estimates ranging from $433.00 million to $449.58 million. For the next financial year, analysts forecast that the business will post sales of $504.94 million per share, with estimates ranging from $488.00 million to $524.37 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for BofI.

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



Several research firms recently issued reports on BOFI. Stephens reiterated a “buy” rating and set a $39.00 target price on shares of BofI in a report on Thursday, February 1st. Sandler O’Neill reiterated a “buy” rating and set a $38.00 target price on shares of BofI in a report on Wednesday, January 31st. DA Davidson upped their target price on BofI to $48.00 and gave the stock a “buy” rating in a report on Thursday, April 5th. BidaskClub lowered BofI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 28th. Finally, Zacks Investment Research lowered BofI from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BofI currently has an average rating of “Buy” and a consensus target price of $40.63.

BOFI traded down $0.51 on Monday, hitting $39.99. 610,971 shares of the company were exchanged, compared to its average volume of 716,693. BofI has a 12 month low of $21.60 and a 12 month high of $43.50. The firm has a market capitalization of $2,511.50, a PE ratio of 19.51, a PEG ratio of 1.59 and a beta of 0.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.20.

In other news, Director James John Court sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $40.33, for a total value of $362,970.00. Following the transaction, the director now owns 28,856 shares of the company’s stock, valued at $1,163,762.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.24% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Earnest Partners LLC acquired a new stake in BofI during the fourth quarter worth approximately $108,000. SG Americas Securities LLC acquired a new stake in BofI during the first quarter worth approximately $193,000. Miles Capital Inc. acquired a new stake in BofI during the fourth quarter worth approximately $207,000. Eqis Capital Management Inc. acquired a new stake in BofI during the fourth quarter worth approximately $228,000. Finally, Jefferies Group LLC acquired a new stake in BofI during the fourth quarter worth approximately $229,000. 84.23% of the stock is currently owned by institutional investors.

BofI Company Profile

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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