Equities research analysts predict that Anthem Inc (NYSE:ANTM) will announce earnings of $2.20 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Anthem’s earnings. The lowest EPS estimate is $2.14 and the highest is $2.29. Anthem reported earnings per share of $1.29 in the same quarter last year, which suggests a positive year-over-year growth rate of 70.5%. The business is expected to announce its next quarterly earnings report on Wednesday, January 30th.
On average, analysts expect that Anthem will report full year earnings of $15.64 per share for the current year, with EPS estimates ranging from $15.48 to $15.70. For the next financial year, analysts anticipate that the firm will post earnings of $17.54 per share, with EPS estimates ranging from $17.07 to $18.00. Zacks’ earnings per share averages 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, October 31st. The company reported $3.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.70 by $0.11. The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $22.85 billion. Anthem had a net margin of 4.98% and a return on equity of 13.99%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.65 earnings per share.
ANTM has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $275.00 target price on shares of Anthem in a report on Wednesday, July 25th. Morgan Stanley lifted their target price on shares of Anthem from $269.00 to $273.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $296.00 target price on shares of Anthem in a report on Thursday, July 26th. Credit Suisse Group lifted their target price on shares of Anthem from $284.00 to $311.00 and gave the company an “outperform” rating in a report on Tuesday, September 4th. Finally, Citigroup downgraded shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price objective on the stock. in a report on Monday, September 10th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Anthem presently has an average rating of “Buy” and a consensus price target of $292.19.
Shares of NYSE:ANTM opened at $287.06 on Friday. The stock has a market capitalization of $74.99 billion, a PE ratio of 23.84, a PEG ratio of 1.49 and a beta of 0.86. The company has a current ratio of 1.53, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59. Anthem has a fifty-two week low of $214.95 and a fifty-two week high of $290.84.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, December 5th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, December 4th. Anthem’s dividend payout ratio is currently 24.92%.
In other Anthem news, EVP Thomas C. Zielinski sold 7,826 shares of Anthem stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $289.71, for a total transaction of $2,267,270.46. Following the completion of the transaction, the executive vice president now owns 29,466 shares in the company, valued at $8,536,594.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julie A. Hill sold 500 shares of Anthem stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $287.25, for a total transaction of $143,625.00. Following the transaction, the director now owns 34,327 shares of the company’s stock, valued at approximately $9,860,430.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,773 shares of company stock worth $6,554,741. 0.31% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd raised its position in Anthem by 138.2% during the third quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock worth $22,004,000 after acquiring an additional 46,590 shares during the last quarter. Visionary Asset Management Inc. acquired a new position in shares of Anthem in the third quarter valued at approximately $223,000. Calamos Wealth Management LLC acquired a new position in shares of Anthem in the second quarter valued at approximately $684,000. Advisors Asset Management Inc. raised its position in shares of Anthem by 48.2% in the second quarter. Advisors Asset Management Inc. now owns 15,646 shares of the company’s stock valued at $2,353,000 after buying an additional 5,086 shares during the last quarter. Finally, Partner Fund Management L.P. raised its position in shares of Anthem by 7.0% in the second quarter. Partner Fund Management L.P. now owns 707,244 shares of the company’s stock valued at $168,345,000 after buying an additional 46,374 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.
Anthem Company Profile
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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