Axis Capital Holdings Limited (AXS) Issues Quarterly Earnings Results

Axis Capital Holdings Limited (NYSE:AXS) issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported ($5.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.34) by ($0.01), Briefing.com reports. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $972.10 million. Axis Capital Holdings Limited had a negative return on equity of 2.59% and a negative net margin of 4.55%. During the same period in the previous year, the company earned $1.78 earnings per share.

Axis Capital Holdings Limited (NYSE AXS) traded down $0.38 during midday trading on Friday, hitting $53.54. The stock had a trading volume of 784,100 shares, compared to its average volume of 532,377. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.51. Axis Capital Holdings Limited has a 1 year low of $52.15 and a 1 year high of $71.06.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 9th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.52 annualized dividend and a dividend yield of 2.84%. This is an increase from Axis Capital Holdings Limited’s previous quarterly dividend of $0.29. Axis Capital Holdings Limited’s dividend payout ratio (DPR) is -49.51%.

A number of equities research analysts have recently commented on the company. Bank of America Corporation cut their target price on Axis Capital Holdings Limited from $73.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. ValuEngine downgraded Axis Capital Holdings Limited from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Zacks Investment Research raised Axis Capital Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Morgan Stanley lowered their price target on Axis Capital Holdings Limited from $70.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Finally, Citigroup Inc. lowered their price target on Axis Capital Holdings Limited from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $61.45.

COPYRIGHT VIOLATION WARNING: This report was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2017/11/11/axis-capital-holdings-limited-axs-releases-quarterly-earnings-results-misses-estimates-by-0-01-eps.html.

Axis Capital Holdings Limited Company Profile

AXIS Capital Holdings Limited is a holding company. The Company provides a range of specialty (re)insurance, through subsidiaries and branch networks- based in Bermuda, the United States, Canada, Europe and Singapore. Its business consists of two global underwriting platforms: AXIS Insurance and AXIS Re.

Earnings History for Axis Capital Holdings Limited (NYSE:AXS)

Receive News & Ratings for Axis Capital Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axis Capital Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply