DA Davidson Increases Earnings Estimates for Axos Financial

Axos Financial, Inc. (NYSE:AX - Free Report) - Equities research analysts at DA Davidson increased their FY2026 EPS estimates for shares of Axos Financial in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $7.26 per share for the year, up from their prior forecast of $7.20. The consensus estimate for Axos Financial's current full-year earnings is $7.07 per share.

Other analysts have also issued research reports about the company. Wedbush cut their target price on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods upped their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Needham & Company LLC lifted their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Axos Financial has an average rating of "Moderate Buy" and a consensus price target of $83.20.

Axos Financial Price Performance

Shares of Axos Financial stock traded up $0.61 during trading on Friday, hitting $71.73. 1,642,380 shares of the stock traded hands, compared to its average volume of 569,139. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 8.68 and a beta of 1.42. The company has a quick ratio of 1.08, a current 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 firm's fifty day moving average is $75.41 and its 200-day moving average is $67.05.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The business had revenue of $512.87 million for the quarter, compared to analysts' expectations of $299.59 million. During the same quarter in the prior year, the firm earned $1.41 earnings per share.

Insider Activity at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This trade represents a 8.53 % 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 company insiders.

Institutional Trading of Axos Financial

Large investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new position in shares of Axos Financial during the 2nd quarter worth approximately $25,000. Kathleen S. Wright Associates Inc. purchased a new stake in Axos Financial in the third quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in Axos Financial in the third quarter worth $41,000. Farther Finance Advisors LLC raised its holdings in Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock worth $41,000 after purchasing an additional 582 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Axos Financial during the second quarter valued at $49,000. Institutional investors own 83.79% 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.