Axos Financial (AX) Set to Announce Earnings on Tuesday

Axos Financial (NYSE:AX) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Axos Financial to post earnings of $1.74 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The business had revenue of $352.74 million during the quarter, compared to analysts’ expectations of $247.43 million. During the same quarter in the prior year, the company earned $1.38 EPS. The firm’s quarterly revenue 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 Price Performance

AX opened at $53.05 on Friday. The company has a fifty day simple moving average of $51.41 and a 200 day simple moving average of $48.21. The stock has a market cap of $3.02 billion, a P/E ratio of 7.82 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. Axos Financial has a 12 month low of $32.05 and a 12 month high of $60.00.

Insider Activity

In related news, Director Sara Wardell-Smith acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $248,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Andrew J. Micheletti sold 1,548 shares of Axos Financial stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the completion of the transaction, the executive vice president now owns 427,535 shares in the company, valued at $22,047,979.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sara Wardell-Smith purchased 5,000 shares of Axos Financial stock in a transaction that occurred on 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 acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AX. Raymond James increased their target price on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Wedbush increased their target price on Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a 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.