Axis Capital (AXS) Releases Earnings Results, Misses Estimates By $0.01 EPS

Axis Capital (NYSE:AXS) issued its quarterly earnings results on Wednesday. The insurance provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01), Briefing.com reports. Axis Capital had a negative return on equity of 2.59% and a negative net margin of 4.55%. The firm had revenue of $729.42 million during the quarter, compared to analyst estimates of $549.41 million. During the same quarter last year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was up 57.1% on a year-over-year basis.

Shares of Axis Capital (NYSE AXS) opened at $50.37 on Thursday. Axis Capital has a one year low of $47.99 and a one year high of $71.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4,065.64, a price-to-earnings ratio of -16.46, a PEG ratio of 1.28 and a beta of 0.48.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.39 dividend. This is a positive change from Axis Capital’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, December 28th. This represents a $1.56 annualized dividend and a dividend yield of 3.10%. Axis Capital’s dividend payout ratio is presently -50.98%.

A number of research analysts recently issued reports on the stock. Wells Fargo & Co set a $54.00 target price on shares of Axis Capital and gave the company a “sell” rating in a research report on Thursday, October 26th. TheStreet downgraded shares of Axis Capital from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. MKM Partners dropped their target price on shares of Axis Capital from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 18th. UBS Group upgraded shares of Axis Capital from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a research report on Thursday, January 11th. Finally, ValuEngine upgraded shares of Axis Capital from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $61.33.

In other news, EVP Conrad D. Brooks sold 7,500 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.31, for a total value of $392,325.00. Following the completion of the sale, the executive vice president now owns 6,027 shares in the company, valued at approximately $315,272.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.89% of the company’s stock.

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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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