What to know about Axis Capital Holdings Ltd (AXS)’s sales and margins

Axis Capital Holdings Ltd [AXS] stock prices are down -0.05% to $63.13 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AXS shares have gain 2.68% over the last week, with a monthly amount glided 1.71%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

On 29, February 2024, AXIS Appoints W. Marston Becker as Chair-Elect of Board of Directors. In a post published today on Yahoo Finance, AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS) today announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive Chair of its Board of Directors. Mr. Smith, who has served as Chair since May of 2020, has decided to transition from the Chair role and will continue to maintain a seat on the Board. The transition will take place in May of 2024, timed to the Company’s Annual General Meeting.

From an analyst’s perspective:

Axis Capital Holdings Ltd [NYSE: AXS] stock has seen the most recent analyst activity on November 13, 2023, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $66 from $59. Previously, BofA Securities upgraded its rating to Buy on September 15, 2023, and elevated its price target to $68. On September 08, 2023, Goldman initiated with a Sell rating and assigned a price target of $51 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $60 on December 19, 2022. Wells Fargo downgraded its rating to a Underweight but $55 remained the price target by the analyst firm on December 16, 2022. Wells Fargo upgraded its rating to Equal Weight for this stock on January 04, 2022, and upped its price target to $57. In a note dated November 19, 2021, Jefferies initiated an Buy rating and provided a target price of $65 on this stock.

The stock price of Axis Capital Holdings Ltd [AXS] has been fluctuating between $51.25 and $63.68 over the past year. Currently, Wall Street analysts expect the stock to reach $59 within the next 12 months. Axis Capital Holdings Ltd [NYSE: AXS] shares were valued at $63.13 at the most recent close of the market. An investor can expect a potential drop of -6.54% based on the average AXS price forecast.

Analyzing the AXS fundamentals

The Axis Capital Holdings Ltd [NYSE:AXS] reported sales of 5.62B for trailing twelve months, representing a drop of -1.87%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.69 points at the first support level, and at 62.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.73, and for the 2nd resistance point, it is at 64.32.

Axis Capital Holdings Ltd [AXS] reported earnings per share of $2.94 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.08/share, meaning a difference of $1.86 and a surprise factor of 172.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.34 per share as compared to estimates of $1.98 per share, a difference of $0.36 representing a surprise of 18.20%.

Ratios To Look Out For

It’s worth pointing out that Axis Capital Holdings Ltd [NYSE:AXS]’s Current Ratio is 0.65. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 15.73.

Transactions by insiders

Recent insider trading involved GALANSKI STANLEY A, Director, that happened on Feb 06 ’24 when 7000.0 shares were purchased. Director, SMITH HENRY B completed a deal on Aug 07 ’23 to sell 6000.0 shares.

Related Posts