FY2025 EPS Estimate for Axos Financial Lowered by Analyst

Axos Financial, Inc. (NYSE:AX) – Equities research analysts at DA Davidson reduced their FY2025 earnings per share estimates for Axos Financial in a research report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $7.05 for the year, down from their prior estimate of $7.07. The consensus estimate for Axos Financial’s current full-year earnings is $7.07 per share.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter last year, the firm posted $1.41 EPS.

A number of other equities analysts have also recently commented on AX. Needham & Company LLC boosted their price target on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods raised their price target on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, Wedbush decreased their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.20.

Axos Financial Stock Performance

Shares of AX opened at $72.47 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 8.77 and a beta of 1.42. Axos Financial has a 52-week low of $44.10 and a 52-week high of $88.46. The stock’s 50-day simple moving average is $75.82 and its 200 day simple moving average is $67.69.

Hedge Funds Weigh In On Axos Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in shares of Axos Financial by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 25,500 shares of the company’s stock valued at $1,457,000 after acquiring an additional 400 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Axos Financial by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 239,781 shares of the company’s stock valued at $13,703,000 after buying an additional 31,890 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of Axos Financial in the 2nd quarter valued at about $166,000. nVerses Capital LLC grew its position in Axos Financial by 237.5% in the second quarter. nVerses Capital LLC now owns 2,700 shares of the company’s stock worth $154,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Stieven Capital Advisors L.P. increased its stake in Axos Financial by 1.4% during the second quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company’s stock worth $18,770,000 after acquiring an additional 4,400 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In other news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by company insiders.

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.