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

Axos Financial, Inc. (NYSE:AX) – Analysts at Wedbush upped their FY2024 earnings per share estimates for shares of Axos Financial in a note issued to investors on Wednesday, May 1st. Wedbush analyst D. Chiaverini now anticipates that the company will post earnings per share of $6.64 for the year, up from their prior estimate of $6.46. Wedbush currently has a “Neutral” rating and a $60.00 price objective on the stock. The consensus estimate for Axos Financial’s current full-year earnings is $6.61 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.

Other research analysts have also recently issued research reports about the stock. Raymond James lifted 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 Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $79.00 price objective (up from $77.00) on shares of Axos Financial in a research report on Thursday. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.25.

Axos Financial Stock Performance

AX opened at $57.53 on Friday. The firm has a fifty day moving average price of $51.59 and a 200 day moving average price of $48.91. Axos Financial has a 1 year low of $32.05 and a 1 year high of $60.00. The stock has a market cap of $3.28 billion, a P/E ratio of 7.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07.

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

Hedge Funds Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AX. Newbridge Financial Services Group Inc. purchased a new stake in shares of Axos Financial in the 4th quarter valued at approximately $26,000. Investment Research & Advisory Group Inc. purchased a new position in Axos Financial in the first quarter worth approximately $27,000. Carmel Capital Partners LLC purchased a new position in Axos Financial in the third quarter worth approximately $30,000. FinTrust Capital Advisors LLC acquired a new stake in Axos Financial during the fourth quarter worth $44,000. Finally, Covestor Ltd raised its position in Axos Financial by 34.1% in the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after purchasing an additional 331 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Transactions at Axos Financial

In related news, EVP Andrew J. Micheletti sold 2,500 shares of the 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 of the company’s stock, valued at approximately $22,350,414.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sara Wardell-Smith acquired 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $248,750. The disclosure for this purchase can be found here. Corporate insiders own 4.82% 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.