AXIS Capital (AXS) to Release Quarterly Earnings on Wednesday

AXIS Capital (NYSE:AXS - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.31 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its earnings results on Tuesday, July 30th. The insurance provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.41. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.49 billion. AXIS Capital had a return on equity of 19.70% and a net margin of 11.28%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $2.23 EPS. 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 Stock Performance

AXS traded down $0.63 during trading on Wednesday, hitting $80.95. 299,695 shares of the company traded hands, compared to its average volume of 578,824. AXIS Capital has a one year low of $52.90 and a one year high of $83.19. The stock's fifty day moving average is $78.78 and its 200 day moving average is $72.77. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.85 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 0.27 and a beta of 0.89.

AXIS Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 30th were paid a $0.44 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.76 annualized dividend and a yield of 2.17%. AXIS Capital's payout ratio is 26.91%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Cowen assumed coverage on AXIS Capital in a research note on Friday, October 4th. They set a "buy" rating and a $118.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of AXIS Capital from $74.00 to $78.00 and gave the company an "underweight" rating in a report on Thursday, October 10th. Roth Mkm lifted their price objective on AXIS Capital from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Jefferies Financial Group increased their price objective on AXIS Capital from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of AXIS Capital from $86.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.