Zacks: Analysts Expect Anthem, Inc. (ANTM) Will Announce Earnings of $2.43 Per Share
Equities analysts expect Anthem, Inc. (NYSE:ANTM) to post $2.43 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Anthem’s earnings, with estimates ranging from $2.35 to $2.62. Anthem reported earnings per share of $2.45 in the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, October 25th.
On average, analysts expect that Anthem will report full year earnings of $11.81 per share for the current financial year, with EPS estimates ranging from $11.56 to $11.91. For the next year, analysts anticipate that the firm will report earnings of $12.98 per share, with EPS estimates ranging from $12.00 to $13.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Anthem.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. Anthem’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.33 EPS.
Several research analysts have recently commented on the company. Morgan Stanley assumed coverage on Anthem in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $196.00 price target for the company. Bank of America Corporation raised their price target on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank AG raised their price target on Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $215.00 price target (up from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Anthem presently has a consensus rating of “Buy” and a consensus target price of $183.94.
In other news, insider Joseph Swedish sold 21,125 shares of Anthem stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the sale, the insider now owns 87,668 shares in the company, valued at $17,270,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas C. Zielinski sold 9,127 shares of Anthem stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the sale, the executive vice president now owns 26,571 shares in the company, valued at approximately $5,081,703.75. The disclosure for this sale can be found here. Insiders have sold 30,776 shares of company stock worth $6,007,143 in the last quarter. Insiders own 0.36% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. increased its position in shares of Anthem by 0.5% during the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock worth $201,000 after purchasing an additional 5 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Anthem by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock worth $168,000 after purchasing an additional 7 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after purchasing an additional 10 shares in the last quarter. Sii Investments Inc. WI increased its position in shares of Anthem by 0.4% during the first quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock worth $444,000 after purchasing an additional 12 shares in the last quarter. Finally, Cedar Wealth Management LLC increased its position in shares of Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 87.69% of the company’s stock.
Shares of Anthem (NYSE:ANTM) traded up 0.63% during midday trading on Friday, reaching $193.85. The company’s stock had a trading volume of 1,254,615 shares. Anthem has a one year low of $114.85 and a one year high of $198.98. The company has a market capitalization of $50.90 billion, a P/E ratio of 18.33 and a beta of 0.70. The stock’s 50-day moving average is $191.60 and its 200-day moving average is $180.85.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from Anthem’s previous quarterly dividend of $0.65. Anthem’s payout ratio is 26.52%.
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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