AXIS Capital (AXS) Set to Announce Earnings on Tuesday

AXIS Capital (NYSE:AXS) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $2.60 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

AXIS Capital (NYSE:AXS) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.17. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.49 billion. AXIS Capital had a return on equity of 19.11% and a net margin of 10.34%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 earnings per share. 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 Stock Performance

NYSE AXS opened at $73.66 on Monday. The stock has a market cap of $6.24 billion, a PE ratio of 11.26, a P/E/G ratio of 0.27 and a beta of 0.90. AXIS Capital has a twelve month low of $52.90 and a twelve month high of $74.82. The stock has a fifty day simple moving average of $71.24 and a 200-day simple moving average of $65.35. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.38.

AXIS Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Friday, June 28th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, June 28th. AXIS Capital’s dividend payout ratio (DPR) is presently 26.91%.

Insider Activity at AXIS Capital

In other news, Director W Marston Becker purchased 3,025 shares of the stock in a transaction on Monday, May 6th. The stock was bought at an average price of $66.58 per share, for a total transaction of $201,404.50. Following the acquisition, the director now directly owns 21,821 shares of the company’s stock, valued at approximately $1,452,842.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AXIS Capital news, Director W Marston Becker purchased 3,025 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $66.58 per share, for a total transaction of $201,404.50. Following the completion of the purchase, the director now directly owns 21,821 shares in the company, valued at $1,452,842.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley A. Galanski acquired 2,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $71.43 per share, with a total value of $142,860.00. Following the completion of the transaction, the director now owns 11,763 shares in the company, valued at approximately $840,231.09. The disclosure for this purchase can be found here. Insiders have bought a total of 6,425 shares of company stock valued at $444,351 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AXS. UBS Group increased their price objective on shares of AXIS Capital from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $86.00 target price on shares of AXIS Capital in a research note on Monday, June 17th. StockNews.com upgraded shares of AXIS Capital from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Bank of America raised their price objective on shares of AXIS Capital from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company upped their target price on shares of AXIS Capital from $57.00 to $63.00 and gave the stock an “underweight” rating in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.83.

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.