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%.
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.
ILLEGAL ACTIVITY NOTICE: “Axis Capital (AXS) Releases Earnings Results, Misses Estimates By $0.01 EPS” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/08/axis-capital-axs-releases-earnings-results-misses-estimates-by-0-01-eps.html.
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.
Receive News & Ratings for Axis Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital and related companies with MarketBeat.com's FREE daily email newsletter.