Axos Financial (NYSE:AX) Announces Earnings Results

Axos Financial (NYSE:AX) posted its quarterly earnings data on Tuesday. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07, Zacks reports. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%.

Axos Financial Stock Up 0.2 %

AX stock traded up $0.11 during trading on Tuesday, hitting $72.61. 452,923 shares of the company’s stock traded hands, compared to its average volume of 391,442. The business has a fifty day simple moving average of $75.12 and a two-hundred day simple moving average of $70.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $4.15 billion, a P/E ratio of 8.79 and a beta of 1.46. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46.

Insider Buying and Selling at Axos Financial

In other news, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 1,340,377 shares in the company, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now owns 46,209 shares in the company, valued at $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 insiders.

Wall Street Analyst Weigh In

AX has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective 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 raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Axos Financial in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.20.

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.