Axos Financial (AX) will publish its quarterly results on Thursday
Axos Financial (NYSE:AX – Get Rating) is expected to release quarterly earnings data after market close on Thursday, April 28. Analysts expect the company to report earnings of $0.99 per share for the quarter. Parties wishing to listen to the company’s conference call may do so using this link.
Axos Financial (NYSE:AX – Get Rating) last released its results on Thursday, January 27. The company reported EPS of $1.04 for the quarter, beating the Zacks consensus estimate of $0.98 by $0.06. Axos Financial had a return on equity of 16.50% and a net margin of 31.52%. The company posted revenue of $176.36 million for the quarter, versus a consensus estimate of $177.54 million. In the same period a year earlier, the company had earned earnings per share of $0.94. Axos Financial’s quarterly revenue increased by 8.3% compared to the same quarter last year. On average, analysts expect Axos Financial to post EPS of $4 for the current fiscal year and EPS of $4 for the next fiscal year.
NYSE:AX shares opened at $42.38 on Thursday. The company has a market capitalization of $2.52 billion, a P/E ratio of 11.21 and a beta of 1.46. The stock’s fifty-day simple moving average is $48.09 and its 200-day simple moving average is $53.26. Axos Financial has a 52-week low of $39.63 and a 52-week high of $62.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a leverage ratio of 0.55.
Several equity research analysts have commented on AX shares. Zacks Investment Research downgraded Axos Financial from a “buy” rating to a “hold” rating in a Monday, April 11 research rating. B. Riley lowered his price target on Axos Financial shares from $62.00 to $58.00 in a Tuesday, April 12 research report. One investment analyst has assigned the stock a hold rating, three have issued a buy rating and one has assigned the company a strong buy rating. According to MarketBeat, the stock currently has a consensus buy rating and an average price target of $58.00.
Separately, Executive Vice President Thomas M. Constantine sold 1,421 shares of the company in a trade dated Wednesday, March 2. The stock was sold at an average price of $54.18, for a total transaction of $76,989.78. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, Executive Vice President Brian D. Swanson sold 3,699 shares in a trade dated Wednesday, March 9. The stock was sold at an average price of $48.90, for a total value of $180,881.10. The disclosure of this sale can be found here. 4.73% of the shares are currently held by insiders of the company.
A number of hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Axos Financial shares by 3.6% in the 4th quarter. Legal & General Group Plc now owns 154,700 shares in the company valued at $8,650,000 after buying an additional 5,330 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Axos Financial by 93.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 115,333 shares of the company worth $6,448,000 after purchasing an additional 55,648 shares during the period. California State Teachers Retirement System increased its stake in Axos Financial by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 76,331 shares of the company worth $4,268,000 after purchasing an additional 1,814 shares during the period. Credit Suisse AG increased its stake in Axos Financial by 6.4% in the fourth quarter. Credit Suisse AG now owns 48,142 shares of the company worth $2,691,000 after buying 2,893 additional shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Axos Financial by 3.5% during the 4th quarter. Deutsche Bank AG now owns 45,086 shares of the company worth $2,521,000 after buying 1,545 additional shares last quarter. Hedge funds and other institutional investors own 77.12% of the company’s shares.
Axos Financial Company Profile (Get an assessment)
Axos Financial, Inc, together with its subsidiaries, provides personal and corporate banking products in the United States. It operates through Banking Business and Securities Business segments. The Company offers deposit products, including personal and business checking accounts, current accounts, savings accounts, term deposits, money market, zero balances and cash transfer accounts. insured.
Get news and reviews for Axos Financial Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Axos Financial and related companies with MarketBeat.com’s free daily email newsletter.