AXIS Capital (AXS) Expected to Announce Earnings on Wednesday

AXIS Capital (NYSE:AXS) is anticipated to release its earnings data after the market closes on Wednesday, January 29th. Analysts expect AXIS Capital to post earnings of $2.68 per share and revenue of $1,188,700.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

AXIS Capital (NYSE:AXS) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.16. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. During the same quarter last year, the company posted $2.34 EPS. On average, analysts expect AXIS Capital to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

AXIS Capital Stock Down 1.1 %

Shares of AXS opened at $89.28 on Wednesday. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.29 and a beta of 0.95. AXIS Capital has a 52 week low of $54.97 and a 52 week high of $94.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The business’s fifty day moving average price is $89.53 and its two-hundred day moving average price is $81.57.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, December 31st. AXIS Capital’s dividend payout ratio (DPR) is currently 24.41%.

Analyst Ratings Changes

AXS has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their target price on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets assumed coverage on shares of AXIS Capital in a report on Monday, January 13th. They issued a “market perform” rating and a $93.00 price target for the company. Bank of America raised their price objective on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of AXIS Capital from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, AXIS Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.25.

AXIS Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.