Wedbush Comments on Axos Financial, Inc.’s FY2026 Earnings (NYSE:AX)

Axos Financial, Inc. (NYSE:AX) – Investment analysts at Wedbush issued their FY2026 earnings estimates for Axos Financial in a research report issued on Tuesday, September 24th. Wedbush analyst D. Chiaverini expects that the company will earn $8.25 per share for the year. Wedbush currently has a “Neutral” rating and a $75.00 target price on the stock. The consensus estimate for Axos Financial’s current full-year earnings is $7.17 per share.

Several other research firms also recently commented on AX. Piper Sandler increased their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods cut shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price on the stock. in a research report on Wednesday, July 31st. Finally, Raymond James lifted their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.75.

Axos Financial Stock Performance

Shares of AX opened at $62.29 on Thursday. Axos Financial has a 52 week low of $32.05 and a 52 week high of $79.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 8.45 and a beta of 1.40. The business has a 50-day simple moving average of $66.76 and a two-hundred day simple moving average of $59.25.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting the consensus estimate of $1.80. The firm had revenue of $484.29 million for the quarter, compared to analysts’ expectations of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same period in the prior year, the firm earned $1.50 EPS.

Institutional Trading of Axos Financial

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after buying an additional 423,930 shares during the period. Norges Bank purchased a new stake in Axos Financial in the 4th quarter worth about $21,573,000. American Century Companies Inc. grew its position in Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after acquiring an additional 321,494 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Axos Financial by 167.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock worth $20,189,000 after acquiring an additional 231,722 shares during the period. Finally, Millennium Management LLC grew its position in Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after buying an additional 190,584 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the transaction, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.82% of the stock is currently owned by insiders.

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.