Axos Financial (NYSE:AX) Issues Earnings Results, Beats Expectations By $0.07 EPS

Axos Financial (NYSE:AX) announced its quarterly earnings data on Tuesday. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07, Zacks reports. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%.

Axos Financial Stock Up 0.2 %

Shares of AX traded up $0.11 during midday trading on Tuesday, reaching $72.61. 452,923 shares of the stock were exchanged, compared to its average volume of 391,442. The company has a market capitalization of $4.15 billion, a P/E ratio of 8.79 and a beta of 1.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a 52 week low of $44.10 and a 52 week high of $88.46. The company’s 50 day moving average is $75.12 and its two-hundred day moving average is $70.25.

Insider Activity at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,340,377 shares in the company, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction on 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 in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Needham & Company LLC reissued a “buy” rating and set a $85.00 target price on shares of Axos Financial in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their price target 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and a consensus 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.