FY2026 EPS Forecast for Axos Financial Boosted by Analyst

Axos Financial, Inc (NYSE:AX - Free Report) - DA Davidson upped their FY2026 earnings estimates for Axos Financial in a report released on Thursday, July 3rd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $8.04 for the year, up from their prior estimate of $7.71. DA Davidson currently 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.

Other research analysts also recently issued reports about the stock. Piper Sandler decreased their target price 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. Wall Street Zen downgraded shares of Axos Financial from a "hold" rating to a "sell" rating in a research report on Saturday. Raymond James Financial restated an "outperform" rating and set a $72.00 target price (down from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Needham & Company LLC boosted their target price on shares of Axos Financial from $88.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group started coverage on shares of Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $83.29.

Axos Financial Stock Performance

Shares of NYSE AX traded down $0.85 during midday trading on Friday, reaching $83.01. The company had a trading volume of 426,778 shares, compared to its average volume of 473,153. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.19. The business's 50-day simple moving average is $71.98 and its 200 day simple moving average is $68.34. Axos Financial has a 1 year low of $54.46 and a 1 year high of $88.46. The stock has a market cap of $4.68 billion, a P/E ratio of 11.31 and a beta of 1.29.

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

Institutional Trading of Axos Financial

A number of institutional investors and hedge funds have recently modified their holdings of AX. Militia Capital Partners LP boosted its position in Axos Financial by 825.0% during the first quarter. Militia Capital Partners LP now owns 111,000 shares of the company's stock worth $7,162,000 after acquiring an additional 99,000 shares during the last quarter. Strs Ohio acquired a new stake in Axos Financial in the 1st quarter valued at about $194,000. Intech Investment Management LLC raised its holdings in Axos Financial by 6.8% in the 1st quarter. Intech Investment Management LLC now owns 42,145 shares of the company's stock valued at $2,719,000 after acquiring an additional 2,678 shares during the last quarter. Focus Partners Wealth raised its holdings in Axos Financial by 1.1% in the 1st quarter. Focus Partners Wealth now owns 41,165 shares of the company's stock valued at $2,656,000 after acquiring an additional 430 shares during the last quarter. Finally, Optimize Financial Inc raised its holdings in Axos Financial by 11.0% in the 1st quarter. Optimize Financial Inc now owns 5,864 shares of the company's stock valued at $378,000 after acquiring an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insiders Place Their Bets

In other news, Director Paul Grinberg sold 30,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 113,295 shares of the company's stock, valued at $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.07% of the company's stock.

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