Axos Financial (NYSE:AX) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Axos Financial (NYSE:AX) announced its quarterly earnings results on Tuesday. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21, Yahoo Finance reports. The company had revenue of $476.73 million for the quarter, compared to analysts’ expectations of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 19.05%. During the same quarter in the previous year, the business posted $1.35 EPS.

Axos Financial Price Performance

Shares of NYSE:AX opened at $55.50 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 7.53 and a beta of 1.42. The firm has a fifty day moving average price of $51.31 and a 200 day moving average price of $48.58. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $60.00.

Insider Buying and Selling at Axos Financial

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AX shares. Wedbush restated a “neutral” rating and issued a $60.00 price target on shares of Axos Financial in a research note on Wednesday. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Piper Sandler increased their price objective on shares of Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Raymond James upped their target price on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus price target of $63.33.

Axos Financial Company Profile

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.