Axis Capital (AXS) Scheduled to Post Earnings on Wednesday

Axis Capital (NYSE:AXS) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Axis Capital to post earnings of $1.35 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Axis Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, January 30th. The insurance provider reported ($1.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.43). The company had revenue of $752.70 million during the quarter, compared to the consensus estimate of $737.03 million. Axis Capital had a net margin of 0.85% and a return on equity of 4.12%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. On average, analysts expect Axis Capital to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Axis Capital stock opened at $56.99 on Monday. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 1.30 and a beta of 0.42. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.34. Axis Capital has a twelve month low of $48.27 and a twelve month high of $60.69.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.60 annualized dividend and a yield of 2.81%. Axis Capital’s dividend payout ratio is currently 83.33%.

Several research firms have weighed in on AXS. ValuEngine cut shares of Axis Capital from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Keefe, Bruyette & Woods raised shares of Axis Capital from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $61.00 to $67.00 in a report on Wednesday, March 13th. TheStreet cut shares of Axis Capital from a “b-” rating to a “c” rating in a report on Thursday, January 31st. Zacks Investment Research raised shares of Axis Capital from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, April 2nd. Finally, UBS Group raised their target price on shares of Axis Capital from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $61.57.

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Axis Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.

Further Reading: Net Asset Value

Earnings History for Axis Capital (NYSE:AXS)

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