Axos Financial (AX) to Release Earnings on Tuesday

Axos Financial (NYSE:AX) is expected to release its earnings data after the market closes on Tuesday, January 28th. Analysts expect Axos Financial to post earnings of $1.75 per share and revenue of $303,634.33 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same quarter in the previous year, the firm posted $1.41 earnings per share. 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 Performance

NYSE:AX opened at $72.03 on Tuesday. The company has a fifty day simple moving average of $76.06 and a two-hundred day simple moving average of $69.77. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 8.72 and a beta of 1.46. The company has a quick ratio of 1.08, a current 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.

Insider Transactions 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 shares were 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 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AX. Needham & Company LLC restated a “buy” rating and issued a $85.00 price target on shares of Axos Financial in a research note on Thursday, January 9th. Wedbush dropped their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods lifted 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 report on Wednesday, December 4th. Finally, StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.