Wall Street brokerages expect Axos Financial, Inc. (NYSE: AX) to report sales of $ 177.91 million for the current quarter, Zacks Investment Research reports. Five analysts have released earnings estimates for Axos Financial. The lowest sales estimate is $ 175.10 million and the highest is $ 180.40 million. Axos Financial reported revenue of $ 162.81 million in the same quarter last year, suggesting a positive year-over-year growth rate of 9.3%. The company is expected to release its next quarterly results after market close on Thursday, January 27.
On average, analysts expect Axos Financial to report annual revenue of $ 714.16 million for the current fiscal year, with estimates ranging from $ 706.78 million to $ 719.00. millions of dollars. For the next fiscal year, analysts predict the company will report sales of $ 778.47 million, with estimates ranging from $ 764.64 million to $ 796.00 million. Zacks’ sales calculations are an average based on a survey of sales analysts who follow Axos Financial.
Axos Financial (NYSE: AX) last reported its quarterly results on Wednesday, October 27. The company reported earnings per share (EPS) of $ 0.99 for the quarter, beating consensus analysts’ estimates of $ 0.89 per $ 0.10. Axos Financial had a net margin of 30.84% and a return on equity of 16.75%. The company posted revenue of $ 173.34 million for the quarter, compared to a consensus estimate of $ 167.06 million. During the same period of the previous year, the company posted EPS of $ 0.91. Axos Financial’s revenue for the quarter increased 6.2% compared to the same quarter last year.
Several research firms recently commented on AX. Raymond James raised his price target on Axos Financial shares from $ 55.00 to $ 60.00 and gave the company a “strong buy” rating in a report released on Monday, November 1. B. Riley raised his price target on Axos Financial from $ 54.00 to $ 62.00 and rated the company “neutral” in a report released on Friday, November 5th. Finally, Zacks Investment Research downgraded Axos Financial from a “buy” rating to a “conservation” rating in a report published on Friday, November 5. Two analysts assigned a conservation rating to the stock, three assigned a buy rating and one assigned a high buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $ 56.83.
In related news, Executive Vice President Andrew J. Micheletti sold 25,318 shares of Axos Financial in a transaction dated Tuesday, November 9. The stock was sold for an average price of $ 60.35, for a total value of $ 1,527,941.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. In addition, Executive Vice President Thomas M. Constantine sold 2,000 shares of Axos Financial in a transaction dated Tuesday, November 16. The shares were sold for an average price of $ 59.88, for a total value of $ 119,760.00. Disclosure of this sale can be found here. Insiders sold a total of 33,038 shares of the company valued at $ 1,972,998 during the last quarter. Company insiders own 4.73% of the company’s shares.
A number of large investors have recently bought and sold shares of AX. IFP Advisors Inc increased its stake in Axos Financial by 225.3% during the 3rd quarter. IFP Advisors Inc now owns 527 shares of the company valued at $ 29,000 after purchasing an additional 365 shares in the last quarter. Fifth Third Bancorp increased its stake in Axos Financial by 261.3% during the second quarter. Fifth Third Bancorp now owns 1,120 shares of the company valued at $ 52,000 after purchasing an additional 810 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Axos Financial during the third quarter for a value of approximately $ 77,000. Hanseatic Management Services Inc. increased its stake in Axos Financial by 23.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 1,788 shares of the company valued at $ 92,000 after purchasing 341 additional shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new equity stake in Axos Financial in the third quarter for a value of approximately $ 201,000. Institutional investors hold 76.47% of the shares of the company.
Axos Financial stock opened at $ 55.91 on Friday. The stock has a market cap of $ 3.33 billion, a price-to-earnings ratio of 15.15 and a beta of 1.53. The company has a leverage ratio of 0.55, a current ratio of 1.09, and a quick ratio of 1.09. Axos Financial has a one-year low at $ 36.16 and a one-year high at $ 62.44. The company has a 50-day moving average of $ 56.82 and a two-hundred-day moving average of $ 51.36.
About Axos Financial
Axos Financial, Inc is a holding company which provides banking and financial services. It operates through the following segments: banking activities and securities activities. The banking business segment includes online banking, concierge banking, prepaid card services, and mortgage, auto and unsecured loans through online and telephone distribution channels.
See also: What is the Bid-Ask spread?
Get a free copy of Zacks’ research report on Axos Financial (AX)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Axos Financial now?
Before you consider Axos Financial, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Axos Financial was not on the list.
Although Axos Financial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.
See the 5 actions here