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Avantax Inc   (AVTA)
Other Ticker:  
 
 
Price: $25.9900 $-0.01 -0.038%
Day's High: $26 Week Perf: 0.23 %
Day's Low: $ 25.99 30 Day Perf: 1.05 %
Volume (M): 826 52 Wk High: $ 26.76
Volume (M$): $ 21,478 52 Wk Avg: $24.12
Open: $25.99 52 Wk Low: $19.13



 Market Capitalization (Millions $) 960
 Shares Outstanding (Millions) 37
 Employees 501
 Revenues (TTM) (Millions $) 310
 Net Income (TTM) (Millions $) 381
 Cash Flow (TTM) (Millions $) -625
 Capital Exp. (TTM) (Millions $) 18

Avantax Inc
Avantax Inc is a financial services company that provides tax, wealth management, and business consulting services. The company was founded in 1983 and is headquartered in Irving, Texas.

Avantax offers a range of services, including tax preparation and planning, investment management, retirement planning, estate planning, college savings plans, insurance consulting, and small business consulting. The company has a network of over 4,000 independent financial advisors who offer these services to clients across the United States.

Avantax's tax services include both income tax preparation for individuals and businesses, as well as tax planning to help clients minimize their tax liability. The company's wealth management services include investment management, retirement planning, and estate planning. Avantax also offers insurance consulting services to help clients find the most appropriate insurance products to meet their needs.

The business consulting services offered by Avantax include small business accounting, bookkeeping, payroll, and other financial management services. The company provides advice and guidance to help small business owners increase profitability, reduce expenses, and manage their finances more effectively.

Avantax is committed to providing a personalized and comprehensive approach to financial services. The company's financial advisors work closely with clients to understand their unique financial situations and goals, and develop customized plans to help them achieve their objectives. Avantax also offers a range of educational resources and tools to help clients make informed financial decisions.

Overall, Avantax is a leading financial services company that provides a wide range of tax, wealth management, and business consulting services to individuals and small businesses across the United States. The company's commitment to personalized service and comprehensive financial planning make it a trusted partner for clients seeking to achieve their financial goals.


   Company Address: 3200 Olympus Blvd, Suite 100 Dallas 75019 TX
   Company Phone Number: 870-6400   Stock Exchange / Ticker: NASDAQ AVTA
   


Customers Net Income grew by AVTA's Customers Net Profit Margin grew to

61.3 %

9.46 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MI        17.95% 
BAC        2.27% 
ET   -4.28%    
JPM        2.62% 
MSFT        1.13% 
PRU        1.41% 
• View Complete Report
   



Management Changes

Avantax Attracts Prominent Financial Advisors Joshua Heims and Alan Gnoinski, Boosting Total Client Assets by Nearly $100 Million

Published Tue, Nov 21 2023 2:15 PM UTC



In a significant move towards growth and expanding partnerships with tax professionals, Avantax, a leading financial advisory firm, proudly announces the addition of seasoned financial advisors, Joshua Heims and Alan Gnoinski. With their reputable New York-based team, Lincoln Sparrow Advisors, Heims and Gnoinski are migrating from SagePoint Financial to Avantax, br...

Avantax Inc

AVTA's Remarkable 2023 Q3 Journey - Triumph Over Challenging $-0.04 per Share Shortfall



Avantax Inc, a leading provider of technology-enabled, tax-intelligent financial solutions, recently released its financial results for the third quarter ended September 30, 2023. Despite impressive top-line growth, the company faced challenges in terms of earnings per share (EPS) and net margin. This article aims to analyze the implications of these financial results and discuss their potential impact on Avantax Inc going forward.
Revenue Growth outperforms Sector Peers:
Avantax Inc experienced substantial revenue growth, increasing by 12.025% to $192.34 million in the third quarter of 2023, compared to the same period the previous year. This revenue growth clearly surpasses that of its sector peers, who reported a rise of 11.77% during the same period. Avantax Inc's ability to outpace its competitors in the Miscellaneous Financial Services sector represents a positive indication of its market strength and customer demand.

Avantax Inc

Avantax Inc's Q2 2023 Report: Revenue Plummets by -27.232%, Earnings Per Share Drop by -88.89%


Introduction
Avantax Inc, a prominent player in the financial industry, recently released its second-quarter 2023 earnings report, highlighting a significant decline in revenue and earnings. This article aims to analyze the financial performance of Avantax Inc, divulging interesting facts and shedding light on the company's current state.
Revenue Decline and Bottom-Line Deterioration
Avantax Inc faced a revenue demise of -27.232% during the second quarter of 2023, reporting $186.93 million in revenue. This was a considerable drop compared to the previous year's figure of $256.88 million. This revenue decline had a substantial impact on the company's bottom-line, resulting in an -88.89% decrease in earnings per share (EPS) ? from $0.81 per share in the prior year to $0.09 per share in Q2 2023.

Avantax Inc

Avantax Inc Takes a Devastating Hit: Income Plummets by -94.29% in Fiscal Period Ending March 31, 2023

Avantax Inc, a stalwart in the eternally lucrative miscellaneous financial services industry, has recently reported its Q1 2023 results. Unfortunately, the numbers are not looking promising for the company, with its return on equity (ROE) dropping significantly from the previous period.
Despite achieving the highest ROE score within the industry,
Avantax's return on equity fell to 92.13%, which is still far above the company's average return on equity of 0.06%. The decline in net income is being cited as the reason behind this dip in ROE. The company's total ranking has gone from 0 to 47 since the last quarter of 2022, owing to this decline in performance.






 

Avantax Inc's Segments
 
 
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