AXIS Capital (AXS) Scheduled to Post Quarterly Earnings on Wednesday

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

AXIS Capital (NYSE:AXS) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.94 EPS for the quarter, topping 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates 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 Price Performance

NYSE AXS opened at $62.02 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. AXIS Capital has a 52-week low of $51.61 and a 52-week high of $65.86. The business has a 50 day simple moving average of $62.71 and a 200 day simple moving average of $58.59. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.17 and a beta of 0.80.

AXIS Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Monday, March 4th were issued 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 dividend yield of 2.84%. AXIS Capital’s payout ratio is 43.78%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Stanley A. Galanski purchased 7,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were purchased at an average price of $58.45 per share, with a total value of $409,150.00. Following the transaction, the director now directly owns 9,763 shares of the company’s stock, valued at $570,647.35. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.