Brokers Offer Predictions for Axos Financial FY2027 Earnings

Key Points

• DA Davidson projects that AXOS FINANCIAL will achieve earnings of $8.57 per share for FY2027, surpassing the consensus estimate of $7.22 per share.
• The company's recent quarterly earnings report showed a profit of $1.94 per share, exceeding analyst expectations and representing a 10.5% increase in revenue year-over-year.
• AXOS FINANCIAL has initiated a $100 million share repurchase program, indicating management's belief that the stock is undervalued.

Axos Financial, Inc (NYSE:AX - Free Report) - DA Davidson issued their FY2027 earnings per share (EPS) estimates for shares of Axos Financial in a note issued to investors on Friday, August 1st. DA Davidson analyst G. Tenner anticipates that the company will post earnings of $8.57 per share for the year. DA Davidson currently has a "Buy" rating and a $100.00 target price on the stock. The consensus estimate for Axos Financial's current full-year earnings is $7.22 per share.

A number of other brokerages have also recently commented on AX. Needham & Company LLC increased their price target on shares of Axos Financial from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Raymond James Financial reissued an "outperform" rating and set a $95.00 price target (up previously from $90.00) on shares of Axos Financial in a research report on Thursday, July 31st. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $90.00 to $94.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. Piper Sandler reduced their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Jefferies Financial Group initiated coverage on Axos Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Axos Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.86.

Axos Financial Stock Down 0.8%

Shares of AX traded down $0.65 during midday trading on Monday, hitting $84.43. The stock had a trading volume of 117,292 shares, compared to its average volume of 392,958. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 11.33 and a beta of 1.32. Axos Financial has a twelve month low of $54.46 and a twelve month high of $88.46. The company has a 50 day simple moving average of $78.83 and a two-hundred day simple moving average of $70.61.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.12. The firm had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in shares of Axos Financial during the first quarter valued at approximately $35,240,000. American Century Companies Inc. raised its stake in Axos Financial by 14.7% during the first quarter. American Century Companies Inc. now owns 2,151,229 shares of the company's stock valued at $138,797,000 after buying an additional 276,450 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Axos Financial in the fourth quarter worth $16,464,000. Voss Capital LP purchased a new stake in shares of Axos Financial in the first quarter worth $13,401,000. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Axos Financial by 255.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company's stock valued at $13,946,000 after acquiring an additional 143,474 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Andrew J. Micheletti sold 13,960 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the sale, the executive vice president owned 67,460 shares of the company's stock, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial announced that its board has authorized a share repurchase plan on Monday, May 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

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.