Axos Financial (NYSE:AX) Issues Quarterly Earnings Results

Axos Financial (NYSE:AX) announced its quarterly earnings data on Tuesday. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.07, Zacks reports. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%.

Axos Financial Trading Up 0.2 %

NYSE AX opened at $72.61 on Wednesday. The company has a market cap of $4.15 billion, a PE ratio of 8.79 and a beta of 1.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a 12 month low of $44.10 and a 12 month high of $88.46. The stock has a 50 day moving average of $74.98 and a 200-day moving average of $70.32.

Insider Activity

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the sale, the director now directly owns 46,209 shares of the company’s stock, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods upped their price target on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Needham & Company LLC upped their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Axos Financial currently has an average rating of “Moderate Buy” and an average target price of $83.80.

Axos Financial Company Profile

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.