FY2024 EPS Estimates for Axos Financial, Inc. Increased by Wedbush (NYSE:AX)

Axos Financial, Inc. (NYSE:AX) – Equities research analysts at Wedbush lifted their FY2024 EPS estimates for Axos Financial in a research note issued to investors on Wednesday, May 1st. Wedbush analyst D. Chiaverini now forecasts that the company will post earnings of $6.64 per share for the year, up from their prior estimate of $6.46. Wedbush has a “Neutral” rating and a $60.00 price target on the stock. The consensus estimate for Axos Financial’s current full-year earnings is $6.45 per share. Wedbush also issued estimates for Axos Financial’s Q4 2024 earnings at $1.69 EPS, Q1 2025 earnings at $1.76 EPS, Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.88 EPS, FY2025 earnings at $7.35 EPS, Q1 2026 earnings at $2.00 EPS and Q2 2026 earnings at $2.03 EPS.

A number of other brokerages have also issued reports on AX. Raymond James upped their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Piper Sandler increased their price target on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $79.00 price objective (up from $77.00) on shares of Axos Financial in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.25.

Axos Financial Stock Up 0.4 %

Shares of AX opened at $57.51 on Friday. Axos Financial has a 52-week low of $32.05 and a 52-week high of $60.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $51.48 and a two-hundred day simple moving average of $48.69. The company has a market capitalization of $3.28 billion, a PE ratio of 7.78 and a beta of 1.42.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.70 by $0.21. The firm had revenue of $476.73 million during the quarter, compared to analysts’ expectations of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same quarter last year, the firm earned $1.35 earnings per share.

Insider Activity at Axos Financial

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

Hedge Funds Weigh In On Axos Financial

Institutional investors have recently modified their holdings of the business. Qube Research & Technologies Ltd raised its stake in shares of Axos Financial by 80.3% in the third quarter. Qube Research & Technologies Ltd now owns 142,646 shares of the company’s stock valued at $5,401,000 after acquiring an additional 63,523 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Axos Financial by 9.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 642,062 shares of the company’s stock valued at $24,308,000 after buying an additional 56,634 shares during the period. Cerity Partners LLC purchased a new position in shares of Axos Financial in the 4th quarter valued at about $260,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Axos Financial during the third quarter worth about $1,225,000. Finally, Federated Hermes Inc. increased its stake in shares of Axos Financial by 960,400.0% during the third quarter. Federated Hermes Inc. now owns 48,025 shares of the company’s stock worth $1,818,000 after buying an additional 48,020 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.