Axos Financial (NYSE:AX) Posts Earnings Results, Beats Estimates By $0.07 EPS

Axos Financial (NYSE:AX) announced its quarterly earnings results on Tuesday. The company reported $1.82 EPS for the quarter, beating 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 Price Performance

Shares of AX opened at $69.50 on Thursday. The company has a 50 day moving average of $74.78 and a two-hundred day moving average of $70.32. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a twelve month low of $44.10 and a twelve month high of $88.46. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 8.41 and a beta of 1.46.

Wall Street Analyst Weigh In

AX has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lowered their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Raymond James reiterated an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.40.

Insider Transactions at Axos Financial

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