Axos Financial (AX) to Release Quarterly Earnings on Tuesday

Axos Financial (NYSE:AX - Get Free Report) will likely 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. Individual that wish to register for the company's earnings conference call can do so using this link.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the previous year, the company posted $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 Up 1.5 %

AX opened at $72.03 on Tuesday. The company has a market cap of $4.11 billion, a PE ratio of 8.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46. The firm has a 50 day moving average price of $76.06 and a 200 day moving average price of $69.77.

Insider Activity

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction that occurred 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 sale, the director now 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 disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Needham & Company LLC restated a "buy" rating and issued a $85.00 price target on shares of Axos Financial in a research note on Thursday, January 9th. Finally, Wedbush decreased their price objective on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.20.

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.