AXIS Capital (AXS) Projected to Post Quarterly Earnings on Wednesday

AXIS Capital (NYSE:AXS) is projected to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.68 per share and revenue of $1,188,700.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

AXIS Capital (NYSE:AXS) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.16. AXIS Capital had a net margin of 10.82% and a return on equity of 19.24%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $2.34 earnings per share. 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 Trading Up 0.6 %

NYSE:AXS opened at $88.02 on Monday. AXIS Capital has a 52 week low of $55.56 and a 52 week high of $94.89. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.29 and a beta of 0.95. The company’s 50 day moving average price is $89.69 and its 200-day moving average price is $81.95. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

AXIS Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Tuesday, December 31st. AXIS Capital’s payout ratio is currently 24.41%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AXS. TD Cowen boosted their target price on AXIS Capital from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods boosted their price objective on shares of AXIS Capital from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, January 10th. 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 began coverage on shares of AXIS Capital in a research note on Monday, January 13th. They set a “market perform” rating and a $93.00 target price for the company. Finally, Bank of America increased their price target on AXIS Capital from $81.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.25.

About AXIS Capital

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.