$1.00 Earnings Per Share Expected for Axos Financial, Inc. (NYSE:AX) This Quarter

Brokerages expect Axos Financial, Inc. (NYSE:AXGet Rating) to report $0.99 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Axos Financial’s earnings. The lowest EPS estimate is $0.88 and the highest is $1.05. Axos Financial reported earnings of $0.92 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.6%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Axos Financial will report full-year earnings of $4.01 per share for the current financial year, with EPS estimates ranging from $3.96 to $4.11. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.44 per share, with EPS estimates ranging from $4.14 to $4.68. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Axos Financial.

Axos Financial (NYSE:AXGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Axos Financial had a net margin of 31.52% and a return on equity of 16.50%. During the same quarter last year, the company posted $0.92 EPS.

A number of analysts have recently weighed in on AX shares. Piper Sandler decreased their price target on shares of Axos Financial from $62.00 to $50.00 in a research report on Friday. Zacks Investment Research cut Axos Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 11th. Finally, B. Riley cut their target price on Axos Financial from $62.00 to $58.00 in a research note on Tuesday, April 12th.

In other news, EVP Brian D. Swanson sold 3,699 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $48.90, for a total transaction of $180,881.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas M. Constantine sold 1,421 shares of the company’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $54.18, for a total value of $76,989.78. The disclosure for this sale can be found here. Insiders own 4.73% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AX. Exane Derivatives bought a new position in shares of Axos Financial during the 1st quarter worth approximately $32,000. Steward Partners Investment Advisory LLC raised its holdings in Axos Financial by 605.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the company’s stock valued at $39,000 after acquiring an additional 720 shares in the last quarter. Strs Ohio acquired a new position in Axos Financial in the 4th quarter valued at $61,000. USA Financial Portformulas Corp acquired a new position in Axos Financial in the 4th quarter valued at $119,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Axos Financial during the 4th quarter worth $178,000. 77.12% of the stock is currently owned by institutional investors.

AX opened at $38.49 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial has a 1 year low of $37.55 and a 1 year high of $62.44. The firm has a 50 day moving average price of $45.84 and a 200 day moving average price of $52.52. The company has a market cap of $2.29 billion, a PE ratio of 10.18 and a beta of 1.46.

Axos Financial Company Profile (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.

Featured Articles

Get a free copy of the Zacks research report on Axos Financial (AX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Axos Financial (NYSE:AX)

Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter.