Avantax, Inc. (NASDAQ:AVTA – Free Report) – Equities researchers at William Blair dropped their Q2 2023 EPS estimates for shares of Avantax in a research note issued on Thursday, July 13th. William Blair analyst J. Schmitt now forecasts that the company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.22. William Blair has a “Outperform” rating on the stock. The consensus estimate for Avantax’s current full-year earnings is $0.68 per share. William Blair also issued estimates for Avantax’s FY2023 earnings at $0.70 EPS.
Avantax (NASDAQ:AVTA – Get Free Report) last posted its earnings results on Monday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.21). Avantax had a net margin of 49.72% and a return on equity of 5.41%. The firm had revenue of $177.98 million during the quarter, compared to analyst estimates of $182.33 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year.
Avantax Price Performance
Shares of Avantax stock opened at $25.18 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. Avantax has a fifty-two week low of $17.83 and a fifty-two week high of $30.23. The firm has a fifty day moving average of $22.37. The company has a market cap of $971.65 million, a P/E ratio of 3.13, a PEG ratio of 2.46 and a beta of 1.22.
About Avantax
Avantax, Inc provides wealth management solutions to consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms in the United States. The company offers an integrated platform of technical, practice, compliance, operations, sales, and product support tools that enable to offer tax-advantaged planning, investing, and wealth management services.
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