Axos Financial (AX) Set to Announce Earnings on Thursday

Axos Financial (NYSE:AX – Get Rating) will post its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect Axos Financial to post earnings of $1.24 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AX – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.13 by $0.05. The business had revenue of $207.68 million during the quarter, compared to analyst estimates of $197.50 million. Axos Financial had a net margin of 28.47% and a return on equity of 16.49%. On average, analysts expect Axos Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Axos Financial Stock Down 0.1 %

Shares of AX stock traded down $0.06 during mid-day trading on Tuesday, hitting $42.16. 318,231 shares of the stock traded hands, compared to its average volume of 265,189. The stock has a market cap of $2.53 billion, a P/E ratio of 10.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average is $38.99 and its two-hundred day moving average is $39.40. Axos Financial has a 52-week low of $33.91 and a 52-week high of $56.50.

Insiders Place Their Bets

In other Axos Financial news, SVP Ron Pitters sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $42.54, for a total transaction of $85,080.00. Following the completion of the transaction, the senior vice president now directly owns 11,315 shares of the company’s stock, valued at approximately $481,340.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in AX. Captrust Financial Advisors grew its stake in shares of Axos Financial by 13.5% during the 2nd quarter. Captrust Financial Advisors now owns 3,926 shares of the company’s stock worth $141,000 after purchasing an additional 468 shares during the period. Guggenheim Capital LLC grew its stake in shares of Axos Financial by 13.3% during the 1st quarter. Guggenheim Capital LLC now owns 4,345 shares of the company’s stock worth $201,000 after purchasing an additional 509 shares during the period. Raymond James Trust N.A. grew its stake in shares of 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 purchasing an additional 653 shares during the period. UBS Group AG grew its stake in shares of 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 purchasing an additional 3,431 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Axos Financial during the 2nd quarter worth approximately $240,000. Institutional investors and hedge funds own 76.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AX shares. DA Davidson increased their price objective on shares of Axos Financial to $48.00 in a research report on Tuesday, November 1st. Piper Sandler increased their price objective on shares of Axos Financial to $47.00 in a research report on Tuesday, November 1st. Raymond James decreased their price objective on shares of Axos Financial from $52.00 to $50.00 and set a “strong-buy” rating for the company in a research report on Monday, October 31st. Finally, StockNews.com started coverage on shares of Axos Financial in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $48.33.

About Axos Financial

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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.