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

AXIS Capital (NYSE:AXS - Get Free Report) is scheduled to be releasing 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 are interested in participating in the company's earnings conference call can do so using this link.

AXIS Capital (NYSE:AXS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates of ($1.25) by $4.19. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. AXIS Capital had a net margin of 6.67% and a return on equity of 19.25%. 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 0.5 %

Shares of NYSE:AXS traded up $0.34 during mid-day trading on Wednesday, reaching $62.59. The stock had a trading volume of 539,427 shares, compared to its average volume of 638,429. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. The firm has a market cap of $5.30 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.20 and a beta of 0.80. The firm has a 50 day simple moving average of $62.70 and a two-hundred day simple moving average of $58.44. AXIS Capital has a twelve month low of $51.61 and a twelve month high of $65.86.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders 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 annualized dividend and a yield of 2.81%. AXIS Capital's dividend payout ratio (DPR) is currently 43.78%.

Analyst Ratings Changes

Several analysts have commented on AXS shares. UBS Group raised their target price on shares of AXIS Capital from $77.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, February 5th. StockNews.com downgraded shares of AXIS Capital from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Wells Fargo & Company dropped their target price on shares of AXIS Capital from $59.00 to $57.00 and set an "underweight" rating on the stock in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods raised their target price on shares of AXIS Capital from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.33.

Insider Activity at AXIS Capital

In related news, Director Stanley A. Galanski acquired 7,000 shares of AXIS Capital stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $58.45 per share, with a total value of $409,150.00. Following the completion of the transaction, the director now directly owns 9,763 shares in the company, valued at approximately $570,647.35. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is owned by company 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.