Axos Financial (AX) Expected to Announce Earnings on Tuesday

Axos Financial (NYSE:AXGet Free Report) is expected to be posting its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect Axos Financial to post earnings of $1.75 per share and revenue of $303,634.33 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AXGet Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The firm had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter in the prior year, the company earned $1.41 EPS. On average, analysts expect Axos Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Axos Financial Stock Performance

Shares of AX stock opened at $71.80 on Friday. The company’s fifty day simple moving average is $75.27 and its 200-day simple moving average is $70.10. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a market cap of $4.10 billion, a PE ratio of 8.69 and a beta of 1.46.

Insiders Place Their Bets

In related news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Analyst Ratings Changes

AX has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $85.00 price target on shares of Axos Financial in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.20.

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Axos Financial Company Profile

(Get Free Report)

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 for Axos Financial (NYSE:AX)

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