DA Davidson Comments on Axos Financial, Inc.’s FY2025 Earnings (NYSE:AX)

Posted by Defense World Staff on Oct 5th, 2023

Axos Financial, Inc. (NYSE:AX – Free Report) – Equities research analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for shares of Axos Financial in a report issued on Tuesday, October 3rd. DA Davidson analyst G. Tenner now anticipates that the company will earn $5.57 per share for the year, up from their previous forecast of $5.50. The consensus estimate for Axos Financial’s current full-year earnings is $5.42 per share.

Other equities analysts also recently issued research reports about the stock. Piper Sandler boosted their target price on shares of Axos Financial from $48.00 to $63.00 in a report on Friday, July 28th. Wedbush upped their price target on shares of Axos Financial from $42.00 to $49.00 in a report on Friday, July 28th. Raymond James upped their price objective on Axos Financial from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Finally, StockNews.com began coverage on shares of Axos Financial in a report on Wednesday, August 23rd. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.60.

View Our Latest Stock Report on Axos Financial

Axos Financial Stock Up 1.6 %

Shares of NYSE:AX opened at $36.76 on Wednesday. The stock has a 50 day moving average price of $41.74 and a 200-day moving average price of $40.83. The firm has a market capitalization of $2.21 billion, a P/E ratio of 7.21 and a beta of 1.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a 52-week low of $33.15 and a 52-week high of $51.46.

Axos Financial (NYSE:AX – Get Free Report) last posted its earnings results on Thursday, July 27th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.23. Axos Financial had a net margin of 24.04% and a return on equity of 18.00%. The business had revenue of $236.46 million for the quarter, compared to analysts’ expectations of $227.98 million.

Insider Transactions at Axos Financial

In related news, CEO Gregory Garrabrants sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.53, for a total value of $1,821,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,583,647 shares of the company’s stock, valued at $72,103,447.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Andrew J. Micheletti sold 5,000 shares of Axos Financial stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $42.62, for a total transaction of $213,100.00. Following the transaction, the executive vice president now directly owns 513,083 shares of the company’s stock, valued at $21,867,597.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Garrabrants sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.53, for a total transaction of $1,821,200.00. Following the completion of the sale, the chief executive officer now owns 1,583,647 shares in the company, valued at $72,103,447.91. The disclosure for this sale can be found here. Insiders sold 130,312 shares of company stock valued at $5,904,052 over the last quarter. Company insiders own 4.82% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Axos Financial by 24.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,606 shares of the company’s stock valued at $1,930,000 after acquiring an additional 8,272 shares during the period. PNC Financial Services Group Inc. increased its stake in Axos Financial by 96.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,745 shares of the company’s stock valued at $312,000 after acquiring an additional 3,308 shares during the period. Natixis Advisors L.P. grew its holdings in shares of Axos Financial by 4.3% during the 1st quarter. Natixis Advisors L.P. now owns 11,233 shares of the company’s stock worth $521,000 after purchasing an additional 460 shares in the last quarter. Bank of Montreal Can boosted its stake in Axos Financial by 9.7% during the first quarter. Bank of Montreal Can now owns 15,758 shares of the company’s stock worth $736,000 after buying an additional 1,397 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Axos Financial by 53.6% in the 1st quarter. MetLife Investment Management LLC now owns 29,958 shares of the company’s stock valued at $1,390,000 after buying an additional 10,451 shares in the last quarter. 80.23% of the stock is owned by institutional investors and hedge funds.

Axos Financial Company Profile

(Get Free Report)

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.