Q3 2024 EPS Estimates for Axos Financial, Inc. (NYSE:AX) Increased by Analyst

Axos Financial, Inc. (NYSE:AX) – Analysts at Wedbush raised their Q3 2024 earnings estimates for Axos Financial in a research report issued on Wednesday, March 27th. Wedbush analyst D. Chiaverini now expects that the company will post earnings per share of $1.70 for the quarter, up from their prior forecast of $1.68. Wedbush currently has a “Neutral” rating and a $62.00 target price on the stock. The consensus estimate for Axos Financial’s current full-year earnings is $6.47 per share. Wedbush also issued estimates for Axos Financial’s Q4 2024 earnings at $1.74 EPS, FY2024 earnings at $6.46 EPS, Q1 2025 earnings at $1.83 EPS, Q2 2025 earnings at $1.76 EPS, Q3 2025 earnings at $1.71 EPS, Q4 2025 earnings at $1.80 EPS, FY2025 earnings at $7.10 EPS, Q1 2026 earnings at $1.89 EPS and Q2 2026 earnings at $1.90 EPS.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.21. The company had revenue of $352.74 million for the quarter, compared to analyst estimates of $247.43 million. Axos Financial had a net margin of 24.55% and a return on equity of 17.83%. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share.

Several other equities research analysts also recently issued reports on the stock. Raymond James raised their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, TheStreet upgraded shares of Axos Financial from a “c+” rating to a “b-” rating in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.25.

Axos Financial Trading Up 2.5 %

Shares of Axos Financial stock opened at $53.31 on Thursday. The company’s fifty day simple moving average is $52.51 and its 200-day simple moving average is $46.40. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 7.86 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Axos Financial has a 1 year low of $32.05 and a 1 year high of $60.00.

Insider Activity at Axos Financial

In other news, Director Sara Wardell-Smith purchased 5,000 shares of Axos Financial stock in a transaction on Friday, March 15th. The stock was purchased at an average price of $49.75 per share, with a total value of $248,750.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $248,750. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Sara Wardell-Smith acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $248,750. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the sale, the executive vice president now owns 422,583 shares in the company, valued at approximately $22,350,414.87. The disclosure for this sale can be found here. 4.82% of the stock is owned by insiders.

Institutional Investors Weigh In On Axos Financial

A number of large investors have recently added to or reduced their stakes in the business. Carmel Capital Partners LLC acquired a new stake in shares of Axos Financial during the third quarter worth $30,000. Avior Wealth Management LLC lifted its holdings in shares of Axos Financial by 102.5% during the third quarter. Avior Wealth Management LLC now owns 810 shares of the company’s stock worth $31,000 after buying an additional 410 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Axos Financial by 268.0% during the third quarter. Ronald Blue Trust Inc. now owns 942 shares of the company’s stock worth $37,000 after buying an additional 686 shares in the last quarter. State of Wyoming lifted its holdings in shares of Axos Financial by 50.0% during the fourth quarter. State of Wyoming now owns 1,131 shares of the company’s stock worth $43,000 after buying an additional 377 shares in the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of Axos Financial during the fourth quarter worth $44,000. 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.