Wall Street brokerages expect Athene Holding Ltd. (NYSE:ATH) to report sales of $885.26 million for the current quarter, Zacks reports. Three analysts have provided estimates for Athene’s earnings, with estimates ranging from $876.00 million to $895.00 million. Athene posted sales of $1.06 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, March 21st.

On average, analysts expect that Athene will report full-year sales of $885.26 million for the current year, with estimates ranging from $3.44 billion to $3.46 billion. For the next financial year, analysts expect that the company will post sales of $3.87 billion per share, with estimates ranging from $3.77 billion to $4.04 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Athene.

Athene (NYSE:ATH) last posted its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. The firm had revenue of $863.00 million during the quarter, compared to the consensus estimate of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%.

A number of analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Athene in a research report on Friday, November 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Athene in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Athene in a research report on Friday, November 3rd. UBS raised their price objective on Athene from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research raised Athene from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $59.80.

Athene (NYSE ATH) traded down $0.34 during mid-day trading on Tuesday, reaching $51.16. The company’s stock had a trading volume of 2,065,600 shares, compared to its average volume of 1,227,175. The company has a market capitalization of $10,297.58 and a P/E ratio of 9.55. Athene has a 12-month low of $44.46 and a 12-month high of $55.22.

Large investors have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board lifted its holdings in Athene by 1,331.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 77,740 shares of the insurance provider’s stock worth $3,857,000 after purchasing an additional 72,310 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Athene by 45.6% during the 2nd quarter. California State Teachers Retirement System now owns 80,950 shares of the insurance provider’s stock worth $4,016,000 after purchasing an additional 25,350 shares during the last quarter. StepStone Group LP acquired a new stake in Athene during the 2nd quarter worth approximately $76,530,000. BlackRock Inc. lifted its holdings in Athene by 164.7% during the 2nd quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock worth $253,652,000 after purchasing an additional 3,181,535 shares during the last quarter. Finally, XL Group Investments Ltd acquired a new position in Athene in the 3rd quarter valued at $985,000. 48.41% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/12/athene-holding-ltd-ath-expected-to-announce-quarterly-sales-of-885-26-million.html.

About Athene

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.

Get a free copy of the Zacks research report on Athene (ATH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Athene (NYSE:ATH)

Receive News & Ratings for Athene Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athene and related companies with MarketBeat.com's FREE daily email newsletter.