Axos Financial (AX) to Release Earnings on Wednesday

Axos Financial (NYSE:AX) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Axos Financial to post earnings of $1.82 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting the consensus estimate of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The firm had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. During the same period last year, the company posted $1.50 EPS. On average, analysts expect Axos Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Axos Financial Stock Performance

AX stock opened at $64.85 on Monday. The stock has a 50-day moving average price of $64.74 and a 200-day moving average price of $61.05. Axos Financial has a 1-year low of $32.05 and a 1-year high of $79.15. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.69 billion, a PE ratio of 8.80 and a beta of 1.39.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AX. Needham & Company LLC began coverage on Axos Financial in a research report on Friday, October 11th. They issued a “buy” rating and a $82.00 price objective for the company. Wedbush decreased their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods lowered Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price for the company. in a research report on Wednesday, July 31st. Piper Sandler boosted their target price on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Raymond James boosted their target price on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.20.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.