$5.40 Billion in Sales Expected for AFLAC Incorporated (AFL) This Quarter

Analysts expect that AFLAC Incorporated (NYSE:AFL) will announce $5.40 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for AFLAC’s earnings, with estimates ranging from $5.36 billion to $5.44 billion. AFLAC reported sales of $5.96 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 9.4%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, January 31st.

On average, analysts expect that AFLAC will report full-year sales of $5.40 billion for the current financial year, with estimates ranging from $21.33 billion to $21.69 billion. For the next financial year, analysts expect that the company will post sales of $21.48 billion per share, with estimates ranging from $21.04 billion to $22.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow AFLAC.

AFLAC (NYSE:AFL) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.48 billion. AFLAC had a return on equity of 12.87% and a net margin of 12.49%. AFLAC’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 EPS.

A number of equities research analysts have issued reports on AFL shares. Zacks Investment Research lowered AFLAC from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Citigroup lowered AFLAC from a “neutral” rating to a “sell” rating and reduced their price target for the company from $82.00 to $77.00 in a research report on Tuesday, September 26th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $82.00 price target on shares of AFLAC in a research report on Thursday, September 28th. Royal Bank of Canada reissued a “sell” rating and set a $71.00 target price on shares of AFLAC in a research report on Tuesday, October 10th. Finally, Goldman Sachs Group started coverage on AFLAC in a research report on Wednesday, October 18th. They set a “neutral” rating and a $88.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $82.21.

Shares of AFLAC (AFL) opened at $86.82 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $34,130.00, a PE ratio of 12.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02. AFLAC has a 12-month low of $66.50 and a 12-month high of $91.73.

In other AFLAC news, VP James Todd Daniels sold 1,430 shares of AFLAC stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total transaction of $124,567.30. Following the transaction, the vice president now owns 12,708 shares of the company’s stock, valued at $1,106,993.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Audrey B. Tillman sold 310 shares of AFLAC stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $83.57, for a total value of $25,906.70. Following the transaction, the insider now directly owns 41,937 shares in the company, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. Insiders have sold a total of 22,657 shares of company stock worth $1,988,685 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA increased its position in AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,345 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in AFLAC during the fourth quarter worth approximately $213,000. Davis R M Inc. acquired a new position in AFLAC during the fourth quarter worth approximately $213,000. Ifrah Financial Services Inc. acquired a new position in AFLAC during the third quarter worth approximately $200,000. Finally, Lowe Brockenbrough & Co. Inc. acquired a new position in AFLAC during the third quarter worth approximately $204,000. 65.70% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “$5.40 Billion in Sales Expected for AFLAC Incorporated (AFL) This Quarter” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2018/01/22/5-40-billion-in-sales-expected-for-aflac-incorporated-afl-this-quarter.html.

AFLAC Company Profile

Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.

Get a free copy of the Zacks research report on AFLAC (AFL)

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

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

Leave a Reply