AXIS Capital (AXS) Expected to Announce Earnings on Wednesday

AXIS Capital (NYSE:AXS - Get Free Report) is expected to issue its quarterly earnings data 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. Parties that wish to listen to the company's conference call can do so using this link.

AXIS Capital (NYSE:AXS - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.71 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.57 billion. During the same period in the prior 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 Trading Down 0.5 %

AXS stock traded down $0.47 during midday trading on Wednesday, reaching $88.73. The company's stock had a trading volume of 669,223 shares, compared to its average volume of 648,625. AXIS Capital has a 52 week low of $54.97 and a 52 week high of $94.89. The stock has a market cap of $7.42 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.29 and a beta of 0.95. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The business's 50-day simple moving average is $89.62 and its 200-day simple moving average is $81.62.

AXIS Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.44 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.76 dividend on an annualized basis and a yield of 1.98%. AXIS Capital's payout ratio is presently 24.41%.

Analyst Upgrades and Downgrades

AXS has been the topic of several analyst reports. TD Cowen increased their target price on shares of AXIS Capital from $118.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Jefferies Financial Group increased their target price on shares of AXIS Capital from $88.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their target price on shares of AXIS Capital from $108.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Bank of America increased their target price 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, BMO Capital Markets started coverage on shares of AXIS Capital in a report on Monday, January 13th. They set a "market perform" rating and a $93.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, AXIS Capital 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.