DA Davidson Decreases Earnings Estimates for Axos Financial

Axos Financial, Inc. (NYSE:AX) – Investment analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for Axos Financial in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $7.05 for the year, down from their prior estimate of $7.07. The consensus estimate for Axos Financial’s current full-year earnings is $7.07 per share.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The business had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same quarter last year, the business earned $1.41 EPS.

Several other analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Wedbush lowered their price objective 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. Finally, Needham & Company LLC upped their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.20.

Axos Financial Trading Up 0.9 %

Shares of NYSE AX opened at $71.73 on Monday. The stock has a market cap of $4.10 billion, a P/E ratio of 8.68 and a beta of 1.42. The firm has a 50 day moving average price of $75.57 and a two-hundred day moving average price of $67.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a 52-week low of $44.10 and a 52-week high of $88.46.

Insiders Place Their Bets

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

Institutional Trading of Axos Financial

Several large investors have recently made changes to their positions in AX. State Street Corp lifted its holdings in shares of Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after purchasing an additional 164,997 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after buying an additional 321,494 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after acquiring an additional 292,952 shares in the last quarter. Finally, Geneva Capital Management LLC increased its position in shares of Axos Financial by 0.3% during the third quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after acquiring an additional 1,976 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.