$ 177.91 million in expected sales for Axos Financial, Inc. (NYSE: AX) this quarter

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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.

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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.

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Axos Financial earnings history and estimates (NYSE: AX)

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