Axos Financial (AX) to Release Earnings on Tuesday

Axos Financial (NYSE:AX) is projected to post its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect Axos Financial to post earnings of $1.75 per share and revenue of $303,634.33 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same quarter in the prior year, the business posted $1.41 EPS. On average, analysts expect Axos Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Axos Financial Stock Performance

Shares of AX opened at $72.03 on Tuesday. Axos Financial has a 12 month low of $44.10 and a 12 month high of $88.46. The stock has a fifty day moving average price of $76.06 and a 200-day moving average price of $69.77. 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 $4.11 billion, a PE ratio of 8.72 and a beta of 1.46.

Insiders Place Their Bets

In other news, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Analyst Upgrades and Downgrades

AX has been the topic of several research reports. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price on shares of Axos Financial in a research report on Thursday, January 9th. Finally, Keefe, Bruyette & Woods upped their target price on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus target price of $83.20.

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.