AXIS Capital (AXS) to Release Quarterly Earnings on Wednesday

AXIS Capital (NYSE:AXS) is expected to be releasing 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 wish to listen to the company’s earnings conference call can do so using this link.

AXIS Capital (NYSE:AXS) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.16. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate 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 firm 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 Stock Performance

Shares of AXS opened at $89.28 on Wednesday. The firm’s fifty day simple moving average is $89.53 and its two-hundred day simple moving average is $81.57. AXIS Capital has a 12 month low of $54.97 and a 12 month high of $94.89. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $7.47 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 0.29 and a beta of 0.95.

AXIS Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.44 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 annualized dividend and a yield of 1.97%. AXIS Capital’s dividend payout ratio is currently 24.41%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AXS. UBS Group increased their price target on AXIS Capital from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of AXIS Capital from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Bank of America increased their price objective 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 boosted their target price on AXIS Capital from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price objective on AXIS Capital from $88.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AXIS Capital currently has a consensus rating of “Moderate Buy” and an average 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.