AXIS Capital Holdings (AXS) Posts Quarterly Earnings, Beats Estimates By $0.11 EPS
AXIS Capital Holdings (NYSE:AXS) posted its quarterly earnings results on Tuesday. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.11, American Banking News.com reports. The company had revenue of $1.08 million for the quarter, compared to the consensus estimate of $574.02 million. During the same quarter in the prior year, the company posted ($0.23) earnings per share.
AXIS Capital Holdings (NYSE:AXS) traded down 0.31% on Tuesday, hitting $44.33. 683,016 shares of the company’s stock traded hands. AXIS Capital Holdings has a 52-week low of $37.50 and a 52-week high of $49.75. The stock’s 50-day moving average is $46.13 and its 200-day moving average is $45.57. The company has a market cap of $5.067 billion and a price-to-earnings ratio of 10.55.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AXIS Capital Holdings in a research note to investors on Tuesday, January 14th. They now have a $48.00 price target on the stock. Analysts at Deutsche Bank downgraded shares of AXIS Capital Holdings from a “hold” rating to a “sell” rating in a research note to investors on Monday, December 2nd. They now have a $40.00 price target on the stock, down previously from $45.00. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.29.
AXIS Capital Holdings Limited is a holding company for the AXIS group of companies. The Company provides a range of specialty (NYSE:AXS)insurance on a worldwide basis, through operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, Australia and Singapore.
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