Axos Financial (AX) to Release Earnings on Wednesday

Axos Financial (NYSE:AX) is set to post its quarterly 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. During the same quarter in the previous 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 Trading Up 3.4 %

NYSE AX opened at $67.03 on Tuesday. 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 stock has a 50-day moving average of $64.79 and a 200-day moving average of $61.17. The firm has a market cap of $3.82 billion, a PE ratio of 9.09 and a beta of 1.39.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AX. Piper Sandler boosted their price target on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wedbush reduced their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC began coverage on Axos Financial in a report on Friday, October 11th. They set a “buy” rating and a $82.00 price target on the stock. 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. Finally, Raymond James boosted their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target of $80.20.

About Axos Financial

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.