Brokers

Brokers Offer Predictions for Axos Financial, Inc.’s FY2024 Earnings (NYSE:AX)


Axos Financial, Inc. (NYSE:AXFree Report) – Research analysts at DA Davidson increased their FY2024 EPS estimates for shares of Axos Financial in a research report issued to clients and investors on Thursday, May 2nd. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $6.54 for the year, up from their prior forecast of $6.45. The consensus estimate for Axos Financial’s current full-year earnings is $6.45 per share. DA Davidson also issued estimates for Axos Financial’s FY2025 earnings at $6.88 EPS.

Axos Financial (NYSE:AXGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The firm had revenue of $476.73 million for the quarter, compared to the consensus estimate of $277.85 million. During the same period in the prior year, the firm earned $1.35 EPS.

A number of other research firms also recently commented on AX. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Raymond James lifted their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $79.00 price objective (up previously from $77.00) on shares of Axos Financial in a research note on Thursday. Piper Sandler boosted their target price on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wedbush reaffirmed a “neutral” rating and set a $60.00 price target on shares of Axos Financial in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Axos Financial has an average rating of “Moderate Buy” and a consensus price target of $67.25.

View Our Latest Research Report on AX

Axos Financial Stock Up 0.4 %

Axos Financial stock opened at $57.51 on Friday. The business’s 50-day simple moving average is $51.48 and its two-hundred day simple moving average is $48.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $3.28 billion, a PE ratio of 7.78 and a beta of 1.42. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $60.00.

Insider Activity

In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of Axos Financial stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the transaction, the executive vice president now owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total transaction of $132,225.00. Following the transaction, the executive vice president now owns 422,583 shares in the company, valued at $22,350,414.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 1,548 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the sale, 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. Insiders own 4.82% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Axos Financial by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,724,331 shares of the company’s stock worth $148,755,000 after acquiring an additional 134,266 shares during the last quarter. Davis Asset Management L.P. grew its holdings in Axos Financial by 5.3% in the 3rd quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company’s stock valued at $56,790,000 after buying an additional 75,000 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Axos Financial by 152.8% in the 3rd quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock worth $52,842,000 after acquiring an additional 843,606 shares during the last quarter. Ameriprise Financial Inc. increased its position in Axos Financial by 5.7% during the third quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock worth $52,119,000 after purchasing an additional 74,649 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after purchasing an additional 423,930 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

About Axos Financial

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Axos Financial (NYSE:AX)



Receive News & Ratings for Axos Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Axos Financial and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


    Input this code: captcha