Brokers Issue Forecasts for Axos Financial FY2026 Earnings

Axos Financial, Inc (NYSE:AX - Free Report) - Equities researchers at DA Davidson increased their FY2026 EPS estimates for Axos Financial in a note issued to investors on Thursday, July 3rd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $8.04 per share for the year, up from their prior forecast of $7.71. DA Davidson has a "Buy" rating and a $84.00 price objective on the stock. The consensus estimate for Axos Financial's current full-year earnings is $7.22 per share.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.07. Axos Financial had a net margin of 21.93% and a return on equity of 17.58%. The business had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. During the same quarter in the previous year, the business posted $1.91 EPS.

AX has been the topic of several other reports. Needham & Company LLC boosted their price target on Axos Financial from $88.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday. Piper Sandler reduced their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Raymond James Financial restated an "outperform" rating and issued a $72.00 target price (down from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Wall Street Zen raised shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Jefferies Financial Group began coverage on shares of Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.29.

Axos Financial Stock Up 0.7%

Shares of NYSE AX traded up $0.61 on Friday, hitting $83.79. The company had a trading volume of 328,432 shares, compared to its average volume of 472,855. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.19. Axos Financial has a 12-month low of $54.46 and a 12-month high of $88.46. The firm has a market capitalization of $4.72 billion, a P/E ratio of 11.42 and a beta of 1.29. The business has a 50 day moving average of $71.57 and a two-hundred day moving average of $68.31.

Institutional Investors Weigh In On Axos Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its position in shares of Axos Financial by 1.1% during the first quarter. New York State Common Retirement Fund now owns 17,143 shares of the company's stock worth $1,106,000 after purchasing an additional 181 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Axos Financial by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 13,386 shares of the company's stock valued at $864,000 after buying an additional 206 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Axos Financial by 1.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,844 shares of the company's stock worth $1,022,000 after buying an additional 223 shares during the last quarter. Stifel Financial Corp lifted its holdings in Axos Financial by 3.4% during the 4th quarter. Stifel Financial Corp now owns 7,310 shares of the company's stock worth $511,000 after buying an additional 241 shares during the last quarter. Finally, Hancock Whitney Corp grew its position in shares of Axos Financial by 2.2% in the 1st quarter. Hancock Whitney Corp now owns 11,446 shares of the company's stock worth $738,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

Insider Activity

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the transaction, the director directly owned 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.07% of the company's stock.

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

About Axos Financial

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.