DA Davidson Weighs in on 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) - Investment analysts at DA Davidson issued their FY2027 EPS estimates for Axos Financial in a research note issued on Friday, August 1st. DA Davidson analyst G. Tenner forecasts that the company will earn $8.57 per share for the year. DA Davidson has a "Buy" rating and a $100.00 price target on the stock. The consensus estimate for Axos Financial's current full-year earnings is $7.22 per share.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler lowered their price objective 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. Jefferies Financial Group started 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. Raymond James Financial reaffirmed an "outperform" rating and set a $95.00 price objective (up from $90.00) on shares of Axos Financial in a research report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $90.00 to $94.00 and gave the stock a "market perform" rating in a research note on Thursday. Finally, Wall Street Zen raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.86.

Axos Financial Trading Up 1.4%

NYSE:AX traded up $1.20 during mid-day trading on Monday, hitting $85.61. The company had a trading volume of 366,041 shares, compared to its average volume of 368,916. The firm has a market cap of $4.83 billion, a P/E ratio of 11.48 and a beta of 1.32. Axos Financial has a fifty-two week low of $54.46 and a fifty-two week high of $88.46. The business's fifty day moving average is $78.25 and its two-hundred day moving average is $70.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.12. The business 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 firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its stake in shares of Axos Financial by 14.7% in the first quarter. American Century Companies Inc. now owns 2,151,229 shares of the company's stock valued at $138,797,000 after acquiring an additional 276,450 shares during the period. Geode Capital Management LLC boosted its holdings in Axos Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock valued at $103,975,000 after acquiring an additional 43,503 shares during the period. Northern Trust Corp boosted its holdings in Axos Financial by 4.7% during the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company's stock valued at $51,887,000 after acquiring an additional 33,207 shares during the period. Ameriprise Financial Inc. grew its position in Axos Financial by 0.6% in the 1st quarter. Ameriprise Financial Inc. now owns 681,878 shares of the company's stock valued at $43,994,000 after acquiring an additional 4,332 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in Axos Financial by 3.7% in the second quarter. Emerald Advisers LLC now owns 553,591 shares of the company's stock worth $42,095,000 after purchasing an additional 20,005 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial declared that its Board of Directors has approved a share buyback program on Monday, May 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is 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.