Axos Financial (AX) Scheduled to Post Quarterly Earnings on Tuesday

Axos Financial (NYSE:AX) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The company had revenue of $352.74 million during the quarter, compared to analyst estimates of $247.43 million. During the same quarter in the previous year, the company posted $1.38 EPS. Axos Financial’s revenue for the quarter was up 54.5% on a year-over-year basis. On average, analysts expect Axos Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Axos Financial Stock Up 2.3 %

Shares of Axos Financial stock opened at $51.47 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial has a 52-week low of $32.05 and a 52-week high of $60.00. The company’s 50 day moving average price is $51.49 and its 200-day moving average price is $47.94. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 7.59 and a beta of 1.44.

Insider Activity

In related news, Director Sara Wardell-Smith purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $248,750. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Axos Financial news, Director Sara Wardell-Smith bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $248,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the transaction, the executive vice president now directly owns 422,583 shares in the company, valued at $22,350,414.87. The disclosure for this sale can be found here. Corporate insiders own 4.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Raymond James raised their target price on shares of Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Wedbush boosted their price target on shares of Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st.

Axos Financial Company Profile

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.