DA Davidson Increases Earnings Estimates for Axos Financial

Axos Financial, Inc (NYSE:AX) – Analysts at DA Davidson raised their FY2026 EPS estimates for shares of Axos Financial in a research report issued to clients and investors on Thursday, July 3rd. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $8.04 per share for the year, up from their prior estimate of $7.71. DA Davidson currently has a “Buy” rating and a $84.00 price target on the stock. The consensus estimate for Axos Financial’s current full-year earnings is $7.22 per share.

Several other analysts have also issued reports on AX. Wall Street Zen lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler cut their price target on shares of Axos Financial from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Needham & Company LLC upped their price objective on shares of Axos Financial from $88.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and set a $72.00 price objective (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Axos Financial in a research note on Wednesday, May 21st. They set a “buy” rating and a $90.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.29.

Axos Financial Stock Up 0.7%

Shares of NYSE:AX opened at $83.79 on Friday. Axos Financial has a 52-week low of $54.46 and a 52-week high of $88.46. The firm has a fifty day moving average of $71.57 and a 200 day moving average of $68.28. The firm has a market capitalization of $4.72 billion, a PE ratio of 11.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. Axos Financial had a net margin of 21.93% and a return on equity of 17.58%. The firm had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. During the same period in the previous year, the business earned $1.91 EPS.

Hedge Funds Weigh In On Axos Financial

Several institutional investors have recently bought and sold shares of AX. Militia Capital Partners LP increased its stake in Axos Financial by 825.0% in the first quarter. Militia Capital Partners LP now owns 111,000 shares of the company’s stock worth $7,162,000 after purchasing an additional 99,000 shares during the period. Strs Ohio purchased a new position in Axos Financial in the 1st quarter worth about $194,000. Intech Investment Management LLC increased its stake in Axos Financial by 6.8% in the 1st quarter. Intech Investment Management LLC now owns 42,145 shares of the company’s stock worth $2,719,000 after buying an additional 2,678 shares during the period. Focus Partners Wealth lifted its holdings in Axos Financial by 1.1% during the 1st quarter. Focus Partners Wealth now owns 41,165 shares of the company’s stock valued at $2,656,000 after buying an additional 430 shares in the last quarter. Finally, Optimize Financial Inc boosted its position in Axos Financial by 11.0% in the 1st quarter. Optimize Financial Inc now owns 5,864 shares of the company’s stock valued at $378,000 after buying an additional 580 shares during the period. Institutional investors own 83.79% of the company’s stock.

Insider Activity

In other news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the sale, the director owned 113,295 shares in the company, valued at $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.07% of the company’s stock.

Axos Financial declared that its board has approved a stock repurchase program on Monday, May 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

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.