Axis Capital (AXS) Set to Announce Quarterly Earnings on Tuesday

Axis Capital (NYSE:AXS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $1.22 per share for the quarter.

Axis Capital (NYSE:AXS) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.34) by ($0.01). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $972.10 million. Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. During the same quarter last year, the business earned $1.78 earnings per share. On average, analysts expect Axis Capital to post $-3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Axis Capital (AXS) opened at $51.69 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4,043.19, a P/E ratio of -16.89, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58. Axis Capital has a 1 year low of $47.99 and a 1 year high of $71.06.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from Axis Capital’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.02%. Axis Capital’s dividend payout ratio (DPR) is -50.98%.

In other news, EVP Conrad D. Brooks sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total transaction of $392,325.00. Following the transaction, the executive vice president now directly owns 6,027 shares of the company’s stock, valued at $315,272.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.89% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on the stock. UBS Group cut their price objective on shares of Axis Capital from $57.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, October 2nd. MKM Partners cut their price objective on shares of Axis Capital from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup cut their price objective on shares of Axis Capital from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, Wells Fargo & Co set a $52.00 price objective on shares of Axis Capital and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Axis Capital has an average rating of “Hold” and a consensus target price of $61.90.

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About Axis Capital

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

Earnings History for Axis Capital (NYSE:AXS)

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