Axos Financial, Inc. (NYSE:AX) Expected to Earn Q3 2024 Earnings of $1.78 Per Share

Axos Financial, Inc. (NYSE:AXFree Report) – Research analysts at DA Davidson issued their Q3 2024 earnings estimates for shares of Axos Financial in a note issued to investors on Thursday, February 1st. DA Davidson analyst G. Tenner expects that the company will post earnings per share of $1.78 for the quarter. The consensus estimate for Axos Financial’s current full-year earnings is $6.47 per share. DA Davidson also issued estimates for Axos Financial’s FY2024 earnings at $6.45 EPS and FY2025 earnings at $6.61 EPS.

Several other brokerages also recently weighed in on AX. Raymond James raised their target price on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday. TheStreet raised shares of Axos Financial from a “c+” rating to a “b-” rating in a research note on Monday, December 4th. Finally, Wedbush boosted their target price on shares of Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.25.

Check Out Our Latest Report on Axos Financial

Axos Financial Stock Performance

Shares of NYSE:AX opened at $51.27 on Monday. The firm has a market cap of $2.92 billion, a PE ratio of 7.56 and a beta of 1.47. The firm’s 50 day simple moving average is $52.06 and its 200-day simple moving average is $44.35. 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 one year low of $32.05 and a one year high of $60.00.

Axos Financial (NYSE:AXGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.21. The company had revenue of $352.74 million for the quarter, compared to analyst estimates of $247.43 million. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS.

Institutional Trading of Axos Financial

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Axos Financial by 24.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 41,606 shares of the company’s stock worth $1,930,000 after acquiring an additional 8,272 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Axos Financial by 96.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,745 shares of the company’s stock valued at $312,000 after purchasing an additional 3,308 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Axos Financial by 4.3% during the 1st quarter. Natixis Advisors L.P. now owns 11,233 shares of the company’s stock valued at $521,000 after acquiring an additional 460 shares in the last quarter. Bank of Montreal Can increased its holdings in Axos Financial by 9.7% during the 1st quarter. Bank of Montreal Can now owns 15,758 shares of the company’s stock valued at $736,000 after acquiring an additional 1,397 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Axos Financial by 53.6% during the 1st quarter. MetLife Investment Management LLC now owns 29,958 shares of the company’s stock valued at $1,390,000 after acquiring an additional 10,451 shares in the last quarter. Institutional investors and hedge funds own 80.23% of the company’s stock.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $53.96, for a total value of $269,800.00. Following the transaction, the executive vice president now directly owns 508,083 shares in the company, valued at approximately $27,416,158.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Andrew J. Micheletti sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $53.96, for a total transaction of $269,800.00. Following the sale, the executive vice president now directly owns 508,083 shares of the company’s stock, valued at approximately $27,416,158.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward James Ratinoff sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $48.86, for a total transaction of $146,580.00. Following the completion of the sale, the director now directly owns 46,209 shares in the company, valued at $2,257,771.74. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by company insiders.

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.

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

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