AFLAC (AFL) Announces Quarterly Results
AFLAC (NYSE:AFL) announced its earnings results on Tuesday. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.48 by $0.01, StockRatingsNetwork reports. The company had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. AFLAC updated its Q4 guidance to $1.38-1.43 EPS and its FY13 guidance to $6.16-6.21 EPS.
A number of analysts have recently weighed in on AFL shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of AFLAC from $76.00 to $83.00 in a research note to investors on Monday, October 21st. They now have an “outperform” rating on the stock. On the ratings front, analysts at Barclays raised their price target on shares of AFLAC from $68.00 to $75.00 in a research note to investors on Monday, October 7th. They now have an “overweight” rating on the stock. Finally, analysts at FBR & Co. upgraded shares of AFLAC from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. AFLAC currently has a consensus rating of “Buy” and an average price target of $65.25.
AFLAC (NYSE:AFL) traded up 0.80% on Tuesday, hitting $67.00. The stock had a trading volume of 1,911,381 shares. AFLAC has a 52 week low of $45.80 and a 52 week high of $63.63. The stock has a 50-day moving average of $60.28 and a 200-day moving average of $55.77. The company has a market cap of $31.161 billion and a P/E ratio of 9.23.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.21%.
Aflac Incorporated (NYSE:AFL) is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services.
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