AXIS Capital (AXS) is expected to release its results on Tuesday
AXIS Capital (NYSE: AXS) is expected to release earnings data after market close on Tuesday, July 27. Analysts expect AXIS Capital to post earnings of $ 1.28 per share for the quarter. Those interested in registering for the corporate earnings conference call can do so using this link.
AXIS Capital (NYSE: AXS) last released its quarterly results on Tuesday, April 27. The insurance provider reported EPS of $ 0.97 for the quarter, beating the Zacks’ consensus estimate by $ 0.65 by $ 0.32. AXIS Capital posted a return on equity of 2.03% and a net margin of 3.63%. The company posted revenue of $ 1.78 billion in the quarter, compared to a consensus estimate of $ 1.74 billion. During the same period last year, the company posted ($ 1.94) earnings per share. AXIS Capital’s revenue increased 5.9% year-on-year. On average, analysts expect AXIS Capital to post EPS of $ 4 for the current year and $ 5 for the next year.
NYSE AXS shares opened at $ 48.61 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58, and a debt ratio of 0.37. The company has a market cap of $ 4.12 billion, a price / earnings ratio of 27.62, a price / earnings-growth ratio of 2.33, and a beta of 0.87. AXIS Capital has a one-year low at $ 39.46 and a one-year high at $ 58.61. The company’s fifty-day moving average price is $ 51.58.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 15. Shareholders of record on Tuesday, June 29, received a dividend of $ 0.42. This represents a dividend of $ 1.68 on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Monday June 28. AXIS Capital’s payout ratio is currently -80.77%.
Several equity analysts recently commented on AXS stocks. Morgan Stanley raised its price target on AXIS Capital shares from $ 57.00 to $ 60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 27. Zacks Investment Research downgraded AXIS Capital from a “sell” rating to a “hold” rating and set a price target of $ 58.00 for the company in a report released on Thursday, April 29. Deutsche Bank Aktiengesellschaft raised its price target on AXIS Capital from $ 52.00 to $ 56.00 and gave the company a “hold” rating in a research note on Wednesday, May 5. Finally, TheStreet downgraded AXIS Capital shares from a “c” rating to a “b-” rating in a Monday May 3 research note. One equity research analyst rated the stock with a sell rating, three assigned a conservation rating, and one assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $ 59.75.
AXIS Capital Company Profile
AXIS Capital Holdings Limited, through its subsidiaries, offers a variety of specialty insurance and reinsurance products around the world. It operates through two segments, insurance and reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects and onshore energy installations; marine insurance products covering offshore energy, freight, third party liability, pleasure craft, fine art, cash and hull warfare; and insurance products against terrorism, aviation, credit and political risks and civil liability.
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