Axos Financial, Inc. (NYSE:AX) Expected to Announce Earnings of $0.69 Per Share

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Equities analysts forecast that Axos Financial, Inc. (NYSE:AX) will announce $0.69 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Axos Financial’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.74. Axos Financial posted earnings per share of $0.68 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The company is expected to announce its next earnings report after the market closes on Thursday, October 29th.

On average, analysts expect that Axos Financial will report full year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.36 to $2.74. For the next fiscal year, analysts expect that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.53 to $2.81. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Axos Financial.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.24. The company had revenue of $146.00 million during the quarter, compared to the consensus estimate of $133.72 million. Axos Financial had a return on equity of 16.22% and a net margin of 25.24%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS.

A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Piper Sandler boosted their price target on shares of Axos Financial from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, September 18th. ValuEngine downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Raymond James lifted their price objective on shares of Axos Financial from $26.00 to $28.50 and gave the stock a “strong-buy” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.50.

Shares of NYSE AX traded down $0.39 during mid-day trading on Wednesday, hitting $27.42. 203,474 shares of the company traded hands, compared to its average volume of 389,673. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. Axos Financial has a 1 year low of $13.69 and a 1 year high of $30.89. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 9.30 and a beta of 1.48. The business has a 50 day moving average of $24.56 and a two-hundred day moving average of $22.17.

Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Axos Financial by 5.8% in the first quarter. State Street Corp now owns 1,952,720 shares of the company’s stock worth $35,403,000 after acquiring an additional 106,854 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Axos Financial by 1.9% during the 1st quarter. Invesco Ltd. now owns 1,095,016 shares of the company’s stock valued at $19,852,000 after buying an additional 20,924 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Axos Financial by 5.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,025,000 shares of the company’s stock valued at $22,632,000 after buying an additional 50,000 shares in the last quarter. APG Asset Management N.V. acquired a new position in Axos Financial in the first quarter worth approximately $24,272,000. Finally, Geode Capital Management LLC raised its position in Axos Financial by 8.3% during the first quarter. Geode Capital Management LLC now owns 780,631 shares of the company’s stock valued at $14,152,000 after acquiring an additional 60,072 shares in the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.

About Axos Financial

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, and money market accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured loans; automobile and RV secured loans; factoring loans; commercial and industrial loans and leases; and other loans, such as unsecured consumer loans, and other small balance business and consumer loans.

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

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