Axos Financial (AX) Set to Announce Earnings on Tuesday

Axos Financial (NYSE:AX - Get Free Report) will announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The firm had revenue of $352.74 million for the quarter, compared to analyst estimates of $247.43 million. During the same period in the previous year, the company posted $1.38 earnings per share. The company's quarterly revenue was up 54.5% compared to the same quarter last year. On average, analysts expect Axos Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Axos Financial Stock Performance

AX traded up $0.23 on Tuesday, hitting $51.74. 349,745 shares of the stock traded hands, compared to its average volume of 549,525. Axos Financial has a 52 week low of $32.05 and a 52 week high of $60.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.94 billion, a PE ratio of 7.63 and a beta of 1.44. The business has a fifty day moving average price of $51.49 and a two-hundred day moving average price of $47.94.

Analyst Ratings Changes

Several equities analysts recently issued reports on AX shares. Raymond James boosted their price target on Axos Financial from $45.00 to $62.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Wedbush boosted their price target on Axos Financial from $59.00 to $62.00 and gave the company a "neutral" rating in a research note on Wednesday, January 31st. Finally, StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, February 5th.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith bought 5,000 shares of Axos Financial stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at $248,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Axos Financial news, Director Sara Wardell-Smith bought 5,000 shares of Axos Financial stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now directly owns 5,000 shares of the company's stock, valued at $248,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew J. Micheletti sold 1,548 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the transaction, the executive vice president now directly owns 427,535 shares in the company, valued at $22,047,979.95. The disclosure for this sale can be found here. Corporate insiders own 4.82% of the company's stock.

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.