AXIS Capital (AXS) to announce quarterly outcomes on Wednesday
AXIS Capital (NYSE: AXS) will report its outcomes after market shut on Wednesday April 28. Analysts anticipate the corporate to report earnings of $ 0.95 per share for the quarter. Buyers taken with taking part within the firm’s convention name can accomplish that utilizing this hyperlink.
AXIS Capital (NYSE: AXS) final reported its outcomes on Tuesday, January 26. The insurance coverage supplier reported earnings per share (EPS) of ($ 0.20) for the quarter, beating analyst consensus estimates of ($ 0.40) by $ 0.20. AXIS Capital posted a adverse return on fairness of two.79% and a adverse internet margin of two.53%. The corporate posted income of $ 785.45 million within the quarter, in comparison with the consensus estimate of $ 821.39 million. Throughout the identical interval final yr, the corporate earned $ 0.05 per share. The corporate’s income for the quarter was down 0.1% year-over-year. On common, analysts anticipate AXIS Capital to submit EPS of -1 USD for the present fiscal yr and EPS of 4 USD for the subsequent fiscal yr.
Shares of AXS opened at $ 53.81 on Wednesday. The inventory has a fifty day easy transferring common of $ 51.33 and a 200 day easy transferring common of $ 49.59. The corporate has a fast ratio of 0.56, a present ratio of 0.56, and a debt ratio of 0.37. The corporate has a market cap of $ 4.56 billion, a PE ratio of -28.93, a worth / earnings-growth ratio of two.36 and a beta of 0.82. AXIS Capital has a 52 week minimal of $ 32.82 and a 52 week most of $ 54.25.
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Thursday, April 15. Buyers of document on Wednesday March 31 obtained a dividend of $ 0.42 per share. This represents a dividend of $ 1.68 on an annualized foundation and a dividend yield of three.12%. The ex-dividend date was Tuesday, March 30. AXIS Capital’s payout ratio is 66.67%.
A lot of analysts have just lately revealed studies on AXS shares. Deutsche Financial institution Aktiengesellschaft raised its worth goal on AXIS Capital from $ 46.00 to $ 52.00 and assigned the inventory a “maintain” score in a analysis report on Monday March 29. Financial institution of America downgraded AXIS Capital’s score from “impartial” to “underperforming” in a analysis report on Thursday, January 7. Morgan Stanley raised its worth goal on AXIS Capital from $ 56.00 to $ 57.00 and gave the corporate an “equal weight” score in a analysis report on Friday April 16. Lastly, Zacks Funding Analysis downgraded AXIS Capital from a “maintain” score to a “sturdy promote” score and set a worth goal of $ 43.00 for the corporate. in a analysis report on Wednesday, March 31. Two analysts rated the inventory with a promote score, two gave the corporate a sustaining score, and two gave the corporate a purchase score. The inventory presently has a median score of “Maintain” and a median worth goal of $ 55.80.
AXIS Capital Firm Profile
AXIS Capital Holdings Restricted, via its subsidiaries, supplies a wide range of specialty insurance coverage and reinsurance merchandise world wide. It operates via two segments, insurance coverage and reinsurance. The Insurance coverage section presents property insurance coverage merchandise for industrial buildings, residential premises, development initiatives and onshore vitality installations; marine insurance coverage merchandise overlaying offshore vitality, freight, legal responsibility, pleasure craft, fantastic artwork, money and hull warfare; and insurance coverage merchandise in opposition to terrorism, aviation, credit score and political dangers and civil legal responsibility.
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