Axos Financial (AX) Set to Announce Earnings on Tuesday

Axos Financial (NYSE:AX) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Axos Financial to post earnings of $1.83 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. The company had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. During the same quarter in the prior year, the company posted $1.35 EPS. On average, analysts expect Axos Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Axos Financial Price Performance

AX opened at $76.58 on Monday. Axos Financial has a 1 year low of $32.05 and a 1 year high of $77.31. The company’s 50 day simple moving average is $58.82 and its 200 day simple moving average is $55.17. The stock has a market capitalization of $4.36 billion, a PE ratio of 10.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07.

Analysts Set New Price Targets

AX has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 target price on shares of Axos Financial in a report on Tuesday, June 4th. Wedbush reiterated a “neutral” rating and set a $60.00 price objective on shares of Axos Financial in a research note on Wednesday, May 1st. Finally, Piper Sandler raised their target price on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.25.

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.