Axis Capital Holdings Limited (NYSE:AXS) is reporting second quarter earnings results on Tuesday 28th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.35 per share.
For the full year, analysts predict revenues of $ 4395.11 million, while looking forward to loss of $ 0.29 per share.
Previous Quarter Performance
Axis Capital Holdings Limited unveiled loss for the first quarter of $ 1.94 per share, from the revenue of $ 1,110.00 million. The quarterly revenues lowered 42.93 percent compared with the same quarter last year. Street analysts expected Axis Capital Holdings Limited to report loss of $ 1.26 per share on revenue of $ 1937.25 million for the first quarter. The bottom line results missed street analysts by $ 0.68 or 53.97 percent, at the same time, top line results fell short of analysts by $ 827.25 million or 42.7 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AXS was $ 40.83, representing a 28.32 % increase from the 52 week low of $ 31.82 and a 39.52 % decrease over the 52 week high of $ 67.51.
The company has a market capital of $ 3.44 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
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Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on June 29, 2020, with payment date of July 15, 2020 and ex-dividend date on June 26, 2020.
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.
