$5.49 Billion in Sales Expected for AFLAC Incorporated (AFL) This Quarter

Wall Street analysts expect AFLAC Incorporated (NYSE:AFL) to announce sales of $5.49 billion for the current quarter, according to Zacks. Two analysts have made estimates for AFLAC’s earnings. The highest sales estimate is $5.51 billion and the lowest is $5.47 billion. AFLAC reported sales of $5.31 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The business is expected to announce its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that AFLAC will report full-year sales of $5.49 billion for the current fiscal year, with estimates ranging from $21.24 billion to $22.02 billion. For the next fiscal year, analysts forecast that the company will report sales of $21.65 billion per share, with estimates ranging from $21.21 billion to $22.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AFLAC.

AFLAC (NYSE:AFL) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.55 by $0.05. AFLAC had a return on equity of 12.32% and a net margin of 20.18%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue was down 8.9% compared to the same quarter last year.

AFL has been the subject of several analyst reports. Goldman Sachs Group initiated coverage on AFLAC in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 target price for the company. Wells Fargo & Co set a $82.00 target price on AFLAC and gave the stock a “hold” rating in a research note on Wednesday, October 25th. B. Riley reiterated a “neutral” rating on shares of AFLAC in a research report on Monday, November 6th. ValuEngine upgraded AFLAC from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded AFLAC from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.88.

AFLAC (NYSE AFL) opened at $85.60 on Thursday. AFLAC has a 12 month low of $68.80 and a 12 month high of $91.73. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $33,430.76, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 21st will be given a $0.52 dividend. This is an increase from AFLAC’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.08 dividend on an annualized basis and a yield of 2.43%. AFLAC’s payout ratio is presently 16.35%.

In related news, VP James Todd Daniels sold 1,430 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $87.11, for a total value of $124,567.30. Following the completion of the sale, the vice president now owns 12,708 shares in the company, valued at approximately $1,106,993.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Masatoshi Koide sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The disclosure for this sale can be found here. Insiders sold a total of 22,347 shares of company stock valued at $1,962,778 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Nuance Investments LLC lifted its position in AFLAC by 6.4% in the 4th quarter. Nuance Investments LLC now owns 136,220 shares of the financial services provider’s stock worth $11,957,000 after buying an additional 8,204 shares during the last quarter. Evermay Wealth Management LLC bought a new stake in AFLAC in the 4th quarter worth approximately $593,000. Flossbach Von Storch AG bought a new stake in AFLAC in the 4th quarter worth approximately $212,000. Swiss National Bank lifted its position in AFLAC by 3.1% in the 4th quarter. Swiss National Bank now owns 1,512,095 shares of the financial services provider’s stock worth $132,732,000 after buying an additional 46,100 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA lifted its position in AFLAC by 0.7% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 193,721 shares of the financial services provider’s stock worth $17,005,000 after buying an additional 1,349 shares during the last quarter. Institutional investors own 66.16% of the company’s stock.

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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.

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Earnings History and Estimates for AFLAC (NYSE:AFL)

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