AFLAC Inc. (AFL) Releases FY13 Earnings Guidance
AFLAC Inc. (NYSE:AFL) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.16-6.21 for the period, compared to the Thomson Reuters consensus estimate of $6.20, Analyst Ratings News reports. AFLAC also updated its Q4 guidance to $1.38-1.43 EPS.
A number of research firms have recently commented on AFL. 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 a related note, 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 given a buy rating to the company’s stock. AFLAC currently has an average rating of Buy and an average price target of $65.25.
Shares of AFLAC Inc. (NYSE:AFL) traded up 0.80% on Tuesday, hitting $67.00. The stock had a trading volume of 1,910,681 shares. AFLAC Inc. has a one year low of $45.80 and a one year high of $63.63. The stock’s 50-day moving average is $60.28 and its 200-day moving average is $55.77. The company has a market cap of $31.161 billion and a price-to-earnings ratio of 9.23.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.48 by $0.01. The company had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter last year, the company posted $1.77 earnings per share. AFLAC’s revenue was down 14.0% compared to the same quarter last year. On average, analysts predict that AFLAC Inc. will post $6.19 earnings per share for the current fiscal year.
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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