Axos Financial (AX) to Release Quarterly Earnings on Thursday

Axos Financial (NYSE:AXGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Axos Financial (NYSE:AXGet Free Report) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.50 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 during the quarter, compared to analyst estimates of $227.98 million. On average, analysts expect Axos Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Axos Financial Stock Down 1.8 %

Shares of NYSE AX opened at $37.18 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. Axos Financial has a 12 month low of $33.15 and a 12 month high of $51.46. The firm has a market capitalization of $2.23 billion, a PE ratio of 7.29 and a beta of 1.50. The firm has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $40.75.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 85,312 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $45.36, for a total transaction of $3,869,752.32. Following the completion of the sale, the chief executive officer now directly owns 1,435,979 shares in the company, valued at approximately $65,136,007.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Gregory Garrabrants sold 85,312 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $45.36, for a total transaction of $3,869,752.32. Following the sale, the chief executive officer now owns 1,435,979 shares of the company’s stock, valued at approximately $65,136,007.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew J. Micheletti sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $42.62, for a total transaction of $213,100.00. Following the sale, the executive vice president now directly owns 513,083 shares in the company, valued at approximately $21,867,597.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,312 shares of company stock worth $5,904,052. 4.82% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Axos Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Graham Capital Management L.P. purchased a new position in shares of Axos Financial in the first quarter worth approximately $230,000. UBS Group AG raised its stake in Axos Financial by 116.6% during the 3rd quarter. UBS Group AG now owns 6,374 shares of the company’s stock worth $218,000 after acquiring an additional 3,431 shares during the period. Bayesian Capital Management LP bought a new stake in Axos Financial during the 1st quarter worth approximately $215,000. Raymond James Trust N.A. raised its stake in Axos Financial by 16.9% during the 1st quarter. Raymond James Trust N.A. now owns 4,527 shares of the company’s stock worth $210,000 after acquiring an additional 653 shares during the period. Finally, Profund Advisors LLC bought a new stake in Axos Financial during the 1st quarter worth approximately $201,000. Hedge funds and other institutional investors own 80.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AX. Piper Sandler increased their price target on shares of Axos Financial from $48.00 to $63.00 in a research note on Friday, July 28th. Wedbush increased their price target on shares of Axos Financial from $42.00 to $49.00 in a research note on Friday, July 28th. StockNews.com began coverage on shares of Axos Financial in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Raymond James increased their price target on shares of Axos Financial from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.60.

Read Our Latest Report on Axos Financial

About Axos Financial

(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.

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Earnings History for Axos Financial (NYSE:AX)

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