AXIS Capital (AXS) Set to Announce Earnings on Wednesday

AXIS Capital (NYSE:AXS) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.31 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

AXIS Capital (NYSE:AXS) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.41. AXIS Capital had a net margin of 11.28% and a return on equity of 19.70%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $2.23 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts expect AXIS Capital to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

AXIS Capital Price Performance

Shares of NYSE:AXS opened at $81.64 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $78.64 and its two-hundred day moving average is $72.71. The firm has a market capitalization of $6.91 billion, a P/E ratio of 12.48, a PEG ratio of 0.27 and a beta of 0.89. AXIS Capital has a 52 week low of $52.90 and a 52 week high of $83.19.

AXIS Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Monday, September 30th. AXIS Capital’s payout ratio is currently 26.91%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their price target on AXIS Capital from $74.00 to $78.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. TD Cowen initiated coverage on shares of AXIS Capital in a research note on Friday, October 4th. They set a “buy” rating and a $118.00 target price on the stock. Bank of America boosted their price target on shares of AXIS Capital from $81.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on shares of AXIS Capital from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their target price on AXIS Capital from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.86.

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.