Analysts Expect Athene Holding Ltd. (ATH) to Announce $1.06 Earnings Per Share
Wall Street analysts expect Athene Holding Ltd. (NYSE:ATH) to announce earnings of $1.06 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Athene Holding’s earnings. The lowest EPS estimate is $1.04 and the highest is $1.08. The business is expected to issue its next earnings report on Wednesday, August 9th.
On average, analysts expect that Athene Holding will report full-year earnings of $4.60 per share for the current year, with EPS estimates ranging from $4.55 to $4.65. For the next fiscal year, analysts expect that the business will report earnings of $4.99 per share, with EPS estimates ranging from $4.60 to $5.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Athene Holding.
Athene Holding (NYSE:ATH) last issued its quarterly earnings data on Wednesday, May 10th. The insurance provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.34. The business had revenue of $786 million for the quarter, compared to analysts’ expectations of $785.94 million. During the same period in the previous year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis.
Several research firms have recently commented on ATH. Zacks Investment Research upgraded shares of Athene Holding from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, March 28th. Deutsche Bank AG lowered their price target on shares of Athene Holding from $59.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, April 19th. Bank of America Corporation restated a “buy” rating and set a $63.00 price target (up previously from $61.00) on shares of Athene Holding in a research report on Monday, May 15th. Keefe, Bruyette & Woods upgraded shares of Athene Holding from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $58.00 in a research report on Monday, April 3rd. Finally, Royal Bank Of Canada upped their price target on shares of Athene Holding from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, March 17th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $56.85.
In other news, major shareholder Apollo Management Holdings Gp, sold 7,602,830 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $49.00, for a total transaction of $372,538,670.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ATH. Bronfman E.L. Rothschild L.P. bought a new position in shares of Athene Holding during the first quarter worth about $117,000. Quantbot Technologies LP bought a new position in shares of Athene Holding during the first quarter worth about $126,000. Loews Corp bought a new position in shares of Athene Holding during the first quarter worth about $225,000. Pitcairn Co. bought a new position in shares of Athene Holding during the first quarter worth about $233,000. Finally, Tyrus Capital S.A.M. bought a new position in shares of Athene Holding during the first quarter worth about $250,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.
Shares of Athene Holding (NYSE:ATH) traded up 0.08% on Friday, reaching $49.27. 897,502 shares of the company’s stock traded hands. The company has a 50 day moving average of $50.12 and a 200-day moving average of $50.06. Athene Holding has a 52 week low of $43.25 and a 52 week high of $55.10. The stock has a market capitalization of $5.01 billion and a PE ratio of 8.78.
Athene Holding Company Profile
Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.
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