Axos Financial (NYSE:AX) Posts Earnings Results, Beats Expectations By $0.08 EPS

Key Points

• Axos Financial reported quarterly EPS of $2.34, beating the consensus estimate by $0.08. The company posted a 22.39% net margin and a 16.96% return on equity.
• Shares rose $0.97 to $92.45, giving Axos a market capitalization of approximately $5.26 billion. The stock remains below its 52-week high of $105.74.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $115.67; one director recently sold 500 shares at $105.30 each.

Axos Financial (NYSE:AX - Get Free Report) announced its earnings results on Thursday. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.26 by $0.08, FiscalAI reports. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%.

Axos Financial Stock Performance

Shares of AX stock traded up $0.97 during trading on Thursday, hitting $92.45. The company's stock had a trading volume of 346,770 shares, compared to its average volume of 383,609. The business has a fifty day moving average of $91.84 and a 200-day moving average of $92.42. The company has a market cap of $5.26 billion, a PE ratio of 10.91 and a beta of 1.28. Axos Financial has a 52 week low of $74.89 and a 52 week high of $105.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

Several analysts recently commented on AX shares. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 target price on shares of Axos Financial in a report on Monday, October 5th. Benchmark upped their price objective on Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. DA Davidson set a $121.00 price objective on shares of Axos Financial in a research note on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.67.

Insider Transactions at Axos Financial

In related news, Director Roque Santi sold 500 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director directly owned 7,146 shares in the company, valued at approximately $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is owned by corporate insiders.

Axos Financial Company Profile

Axos Financial, Inc is a financial holding company that operates primarily through Axos Bank, a nationwide digital bank. The company provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage and home-equity loans, commercial lending, and other deposit and credit services. Its digital-first model allows customers to access accounts and financial services online and through mobile platforms.

Through its institutional businesses, Axos also provides securities clearing, custody, and related brokerage services to registered investment advisers, broker-dealers, and other financial institutions.

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