Axos Financial (AX) Expected to Announce Earnings on Tuesday

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

Axos Financial (NYSE:AX) last issued its earnings results 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 business had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. During the same period last 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 Up 1.2 %

AX stock opened at $71.80 on Monday. The stock has a market capitalization of $4.10 billion, a P/E ratio of 8.69 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46. The business has a fifty day moving average price of $75.27 and a 200-day moving average price of $70.17.

Insider Activity

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

Analysts Set New Price Targets

Several research firms have issued reports on AX. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Needham & Company LLC restated a “buy” rating and set a $85.00 price objective on shares of Axos Financial in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and an average target price of $83.20.

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.