Axos Financial (NYSE:AX – Get Free Report) announced its earnings results on Wednesday. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16, Briefing.com reports. The business had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter last year, the company posted $1.41 EPS.
Axos Financial Stock Up 3.7 %
NYSE AX traded up $2.43 on Thursday, reaching $68.92. The company had a trading volume of 296,252 shares, compared to its average volume of 573,673. The company’s fifty day moving average is $64.89 and its 200-day moving average is $61.33. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 9.41 and a beta of 1.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a 1-year low of $32.05 and a 1-year high of $79.15.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Needham & Company LLC increased their target price on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler boosted their target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Raymond James increased their price target on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods downgraded Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a report on Wednesday, July 31st. Finally, Wedbush lowered their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.80.
Insider Activity
In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.82% of the company’s stock.
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.
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