After finishing at $64.60 in the prior trading day, Axis Capital Holdings Ltd (NYSE: AXS) closed at $62.16, down -3.78%. In other words, the price has decreased by -$2.44 from its previous closing price. On the day, 608892 shares were traded.
Ratios:
Our goal is to gain a better understanding of AXS by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on November 13, 2023, Upgraded its rating to Outperform and sets its target price to $66 from $59 previously.
On September 15, 2023, BofA Securities Upgraded its rating to Buy which previously was Underperform and also upped its target price recommendation from $53 to $68.
On September 08, 2023, Goldman started tracking the stock assigning a Sell rating and target price of $51.Goldman initiated its Sell rating on September 08, 2023, with a $51 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 06 ’24 when GALANSKI STANLEY A bought 7,000 shares for $58.45 per share. The transaction valued at 409,150 led to the insider holds 9,763 shares of the business.
SMITH HENRY B sold 6,000 shares of AXS for $333,000 on Aug 07 ’23. The Director now owns 49,710 shares after completing the transaction at $55.50 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXS now has a Market Capitalization of 5.26B and an Enterprise Value of 6.38B. As of this moment, Axis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.49, and their Forward P/E ratio for the next fiscal year is 5.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 1.14.
Stock Price History:
Over the past 52 weeks, AXS has reached a high of $65.86, while it has fallen to a 52-week low of $51.61. The 50-Day Moving Average of the stock is 62.07, while the 200-Day Moving Average is calculated to be 57.13.
Shares Statistics:
The stock has traded on average 643.39K shares per day over the past 3-months and 674.05k shares per day over the last 10 days, according to various share statistics. A total of 85.29M shares are outstanding, with a floating share count of 76.48M. Insiders hold about 9.43% of the company’s shares, while institutions hold 85.99% stake in the company. Shares short for AXS as of Mar 15, 2024 were 986.89k with a Short Ratio of 1.47, compared to 1.29M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.17% and a Short% of Float of 1.48%.
Dividends & Splits
In the trailing 12 months, AXS’s forward annual dividend rate was 1.76, compared to 1.76 this year. Against a Trailing Annual Dividend Yield of 2.72%, it implies a Forward Annual Dividend Yield of 2.71%. The stock’s 5-year Average Dividend Yield is 3.17. The current Payout Ratio is 43.30% for AXS, which recently paid a dividend on Apr 18, 2024 with an ex-dividend date of Mar 01, 2024. Stock splits for the company last occurred on Sep 12, 2014 when the company split stock in a 5:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $2.53 for the current quarter, with a high estimate of $2.78 and a low estimate of $2.35, while EPS last year was $2.33. The consensus estimate for the next quarter is $2.67, with high estimates of $2.93 and low estimates of $2.53.
Analysts are recommending an EPS of between $10.7 and $9.25 for the fiscal current year, implying an average EPS of $9.99. EPS for the following year is $10.57, with 8 analysts recommending between $11.4 and $10.
Revenue Estimates
3 analysts predict $1.6B in revenue for the current quarter. It ranges from a high estimate of $1.77B to a low estimate of $1.47B. As of the current estimate, Axis Capital Holdings Ltd’s year-ago sales were $1.61B, an estimated decrease of -0.50% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $1.51B, an increase of 4.60% over than the figure of -$0.50% in the same quarter last year. There is a high estimate of $1.59B for the next quarter, whereas the lowest estimate is $1.47B.
A total of 4 analysts have provided revenue estimates for AXS’s current fiscal year. The highest revenue estimate was $6B, while the lowest revenue estimate was $5.4B, resulting in an average revenue estimate of $5.65B. In the same quarter a year ago, actual revenue was $5.64B, up 0.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $6B in the next fiscal year. The high estimate is $6.24B and the low estimate is $5.69B. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.
