Axos Financial (AX) Expected to Announce Quarterly Earnings on Tuesday

Axos Financial (NYSE:AX) is expected to issue its quarterly earnings data after the market closes on Tuesday, January 28th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $303,634.33 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Axos Financial (NYSE:AX) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping 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 company had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter last year, the firm earned $1.41 earnings per share. 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 Price Performance

NYSE:AX opened at $71.80 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 8.69 and a beta of 1.46. Axos Financial has a 52 week low of $44.10 and a 52 week high of $88.46. The firm’s 50-day simple moving average is $75.27 and its 200 day simple moving average is $70.17.

Insiders Place Their Bets

In other news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AX. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Axos Financial in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target 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. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average target price 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.