Stocks That Fell to 3-Year Lows in the Week of Dec. 22

SCANA Corp. (SCG), Axis Capital Holdings Ltd. (AXS), Diebold Nixdorf Inc. (DBD), and Crescent Point Energy Corp. (CPG) have declined to their respective three-year lows

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Dec 23, 2017
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SCANA Corp. (SCG, Financial), Axis Capital Holdings Ltd. (AXS, Financial), Diebold Nixdorf Inc. (DBD, Financial), and Crescent Point Energy Corp. (CPG, Financial) have declined to their three-year lows.

SCANA Corp. (SCG, Financial) declined to $39.01

The prices of SCANA Corp. (SCG, Financial) shares have declined to $39.01 on Dec. 22, which is only 4.2% above the 3-year low of $37.39.

SCANA Corp. is an American energy-based holding company that focuses on regulated electric and natural gas utility operations and other energy-related businesses. The company’s subsidiaries serve approximately 662,000 electric customers in South Carolina and more than one million natural gas customers in South Carolina, North Carolina, and Georgia combined.

SCANA Corp. has a market cap of $5.38 billion; its shares were traded around $39.01 with a P/E ratio of 12.36 and P/S ratio of 1.29. The trailing 12-month dividend yield of SCANA Corp. stocks is 6.27%. The forward dividend yield of SCANA Corp. stocks is 6.55%. SCANA Corp. had an annual average earnings growth of 3.50% over the past 10 years.

On Dec. 20 the Public Service Commission of South Carolina denied SCANA Corp.’s motion to dismiss and ordered that a hearing be set on the South Carolina Office of Regulatory Staff’s request for rate relief which seeks to implement an immediate rate reduction of the company’s electric retail revenues by approximately $445 million annually.

Axis Capital Holdings Ltd. (AXS, Financial) declined to $50.06

The prices of Axis Capital Holdings Ltd. (AXS, Financial) shares have declined to $50.06 on Dec. 22, which is only 4.8% above the 3-year low of $47.65.

Axis Capital Holdings Ltd. is an international property and casualty insurance company based in Bermuda that offers various risk transfer products and services through various subsidiaries and branch networks. The company serves customers in Bermuda, the United States, Canada, Europe, Australia, and Singapore. The company offers insurance services that includes property, professional lines, terrorism, marine, energy, environmental, and various other insurance solutions.

Axis Capital Holdings Ltd. has a market cap of $4.14 billion; its shares were traded around $50.06 with and P/S ratio of 1.02. The trailing 12-month dividend yield of Axis Capital Holdings Ltd. stocks is 3.05%. The forward dividend yield of Axis Capital Holdings Ltd. stocks is 3.14%. Axis Capital Holdings Ltd. had an annual average earnings growth of 3.80% over the past 10 years.

On Dec. 7 Axis Capital Holdings Ltd. announced that the company’s Board of Directors has declared a quarterly dividend of $0.39 per common share, an increase of 3% compared to the most recent dividend. The dividend will be payable on Jan. 16, 2018, to shareholders of record at the close of business on Dec. 29, 2017.

Diebold Nixdorf Inc. (DBD, Financial) declined to $16.55

The prices of Diebold Nixdorf Inc. (DBD, Financial) shares have declined to $16.55 on Dec. 22, which is only 3.3% above the 3-year low of $16.00.

Diebold Nixdorf Inc. is an American international financial self-service, security, and services company that focuses primarily in the sale, manufacture, installation, and service of self-service transaction systems including ATMs and currency processing systems. The company also sells point-of-sale terminals and physical security products. The company provides services for global financials, retail, and commercial markets.

Diebold Nixdorf Inc. has a market cap of $1.28 billion; its shares were traded around $16.55 with and P/S ratio of 0.28. The trailing 12-month dividend yield of Diebold Nixdorf Inc. stocks is 2.42%. The forward dividend yield of Diebold Nixdorf Inc. stocks is 2.31%.

On Dec. 13 Diebold Nixdorf Inc. announced that Andreas W. Mattes is stepping down from his position as president and CEO effective immediately. Christopher A. Chapman, senior vice president and CFO, and Juergen Wunram, senior vice president and COO, will lead the Office of the Chief Executive until a permanent successor has been named.

Caesarstone Ltd. (CSTE) declined to $22.20

The prices of Caesarstone Ltd. (CSTE) shares have declined to $22.20 on Dec. 22, which is only 4.7% above the 3-year low of $21.15.

Caesarstone Ltd. is an Israeli international manufacturing company that focuses on the production and marketing of quartz surfaces used for kitchen countertops, vanity tops, flooring, wall cladding, and general interior design. The company’s production facilities are located in both Israel and the United States, and the company serves customers in more than 50 countries around the world.

Caesarstone Ltd. has a market cap of $768.750 million; its shares were traded around $22.20 with a P/E ratio of 17.24 and P/S ratio of 1.35. Caesarstone Ltd. had an annual average earnings growth of 10.50% over the past 5 years.

On Nov. 1 Caesarstone Ltd. reported third quarter 2017 results. Revenue for the quarter was $154.7 million, an increase of 7.2% compared to $144.3 million in the same quarter prior year. Diluted earnings per share for the quarter was $0.19, while adjusted diluted earnings per share was $0.37. Operating expenses for the quarter were $38.7 million, or 25% of revenues, as compared to $30.3 million, or 21% of revenues, in the same quarter prior year.

Disclosure: I do not own stock in any of the companies mentioned in the article.