Anthem, Inc. (ANTM) to Release Earnings on Wednesday
Anthem, Inc. (NYSE:ANTM) is scheduled to release its earnings data on Wednesday, July 26th. Analysts expect Anthem to post earnings of $3.23 per share for the quarter. Anthem has set its FY17 guidance at <$11.60 EPS.
Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, April 26th. The company reported $4.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.83. Anthem had a net margin of 3.19% and a return on equity of 13.13%. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $21.23 billion. During the same quarter in the prior year, the firm posted $3.46 earnings per share. Anthem’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts expect Anthem to post $11.78 EPS for the current fiscal year and $12.98 EPS for the next fiscal year.
Anthem, Inc. (ANTM) opened at 189.45 on Wednesday. Anthem, Inc. has a 1-year low of $114.85 and a 1-year high of $194.94. The firm has a market cap of $50.20 billion, a P/E ratio of 18.36 and a beta of 0.73. The firm has a 50-day moving average of $189.31 and a 200 day moving average of $171.25.
The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, June 7th. Anthem’s dividend payout ratio (DPR) is currently 25.22%.
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Several analysts have recently weighed in on the company. Jefferies Group LLC restated a “hold” rating and set a $204.00 price target on shares of Anthem in a report on Friday, July 14th. Bank of America Corporation boosted their price target on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Deutsche Bank AG boosted their price target on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group assumed coverage on Anthem in a report on Wednesday, July 12th. They set a “neutral” rating and a $195.00 price target on the stock. Finally, Citigroup Inc restated a “buy” rating and set a $205.00 price target on shares of Anthem in a report on Wednesday, June 28th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $174.26.
In other Anthem news, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $181.58, for a total transaction of $486,815.98. Following the transaction, the director now directly owns 13,571 shares in the company, valued at approximately $2,464,222.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ronald W. Penczek sold 867 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total value of $162,527.82. Following the transaction, the senior vice president now owns 1,872 shares in the company, valued at $350,925.12. The disclosure for this sale can be found here. Insiders have sold a total of 4,103 shares of company stock worth $749,555 over the last 90 days. Company insiders own 0.36% of the company’s stock.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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