AXIS Capital (AXS) Set to Announce Quarterly Earnings on Wednesday

AXIS Capital (NYSE:AXS) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect AXIS Capital to post earnings of $2.68 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

AXIS Capital (NYSE:AXS) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.25) by $4.19. AXIS Capital had a return on equity of 19.25% and a net margin of 6.67%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. On average, analysts expect AXIS Capital to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

AXIS Capital Trading Up 0.1 %

NYSE AXS opened at $62.25 on Wednesday. AXIS Capital has a one year low of $51.61 and a one year high of $65.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $5.27 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.20 and a beta of 0.80. The stock’s 50-day moving average is $62.66 and its 200-day moving average is $58.40.

AXIS Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Monday, March 4th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, March 1st. This represents a $1.76 dividend on an annualized basis and a yield of 2.83%. AXIS Capital’s payout ratio is 43.78%.

Insider Activity

In other news, Director Stanley A. Galanski bought 7,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $58.45 per share, with a total value of $409,150.00. Following the acquisition, the director now owns 9,763 shares in the company, valued at $570,647.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AXS. Keefe, Bruyette & Woods upped their price target on shares of AXIS Capital from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. StockNews.com lowered shares of AXIS Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. UBS Group lifted their price target on AXIS Capital from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Wells Fargo & Company decreased their price objective on AXIS Capital from $59.00 to $57.00 and set an “underweight” rating for the company in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, AXIS Capital currently has a consensus rating of “Hold” and an average price target of $67.33.

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.