Axos Financial (AX) Set to Announce Quarterly Earnings on Wednesday

Axos Financial (NYSE:AX) is scheduled to announce its earnings results 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 are interested in participating in the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter last year, the business 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 Price Performance

AX stock opened at $65.59 on Wednesday. Axos Financial has a one year low of $32.05 and a one year high of $79.15. The firm has a 50-day moving average of $64.57 and a two-hundred day moving average of $60.74. The firm has a market capitalization of $3.74 billion, a PE ratio of 8.90 and a beta of 1.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.82% of the company’s stock.

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.