Wall Street brokerages expect Axos Financial, Inc. (NYSE:AX – Get Rating) to post $0.99 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Axos Financial’s earnings, with the lowest EPS estimate coming in at $0.95 and the highest estimate coming in at $1.06. Axos Financial posted earnings per share of $0.92 in the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The business is expected to issue its next earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Axos Financial will report full year earnings of $4.00 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $4.11. For the next financial year, analysts forecast that the business will report earnings of $4.44 per share, with EPS estimates ranging from $4.14 to $4.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Axos Financial.
Axos Financial (NYSE:AX – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $176.36 million for the quarter, compared to analysts’ expectations of $177.54 million. Axos Financial had a return on equity of 16.50% and a net margin of 31.52%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share.
Shares of AX stock opened at $40.49 on Tuesday. The stock’s fifty day moving average is $49.19 and its 200-day moving average is $53.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $2.41 billion, a PE ratio of 10.71 and a beta of 1.46. Axos Financial has a 52 week low of $39.63 and a 52 week high of $62.44.
In other Axos Financial news, EVP Thomas M. Constantine sold 1,421 shares of the stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $54.18, for a total value of $76,989.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian D. Swanson sold 3,699 shares of the stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $48.90, for a total value of $180,881.10. The disclosure for this sale can be found here. Corporate insiders own 4.73% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Axos Financial during the fourth quarter worth about $28,392,000. Barclays PLC grew its holdings in shares of Axos Financial by 67.8% during the fourth quarter. Barclays PLC now owns 74,871 shares of the company’s stock worth $4,185,000 after buying an additional 30,264 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Axos Financial by 1.0% during the fourth quarter. BlackRock Inc. now owns 8,747,300 shares of the company’s stock worth $489,061,000 after buying an additional 86,947 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Axos Financial by 93.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 115,333 shares of the company’s stock worth $6,448,000 after buying an additional 55,648 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Axos Financial by 3.5% during the fourth quarter. Deutsche Bank AG now owns 45,086 shares of the company’s stock worth $2,521,000 after buying an additional 1,545 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.
About Axos Financial (Get Rating)
Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. 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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