Equities analysts forecast that Anthem Inc (NYSE:ANTM) will post earnings per share of $2.21 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Anthem’s earnings, with the highest EPS estimate coming in at $2.29 and the lowest estimate coming in at $2.14. Anthem posted earnings of $1.29 per share in the same quarter last year, which indicates a positive year over year growth rate of 71.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that Anthem will report full-year earnings of $15.66 per share for the current fiscal year, with EPS estimates ranging from $15.60 to $15.71. For the next year, analysts forecast that the business will report earnings of $17.59 per share, with EPS estimates ranging from $17.21 to $18.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Anthem.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $0.11. The company 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%. Anthem’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.65 EPS.
ANTM has been the topic of several analyst reports. Citigroup downgraded shares of Anthem from a “buy” rating to a “neutral” rating and set a $162.00 target price on the stock. in a report on Monday, September 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $316.00 target price on shares of Anthem in a report on Friday, October 12th. Morgan Stanley raised shares of Anthem from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $273.00 to $368.00 in a report on Wednesday, September 5th. 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, BMO Capital Markets lifted their target price on shares of Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 1st. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $294.73.
Shares of NYSE:ANTM opened at $290.07 on Monday. The stock has a market capitalization of $75.02 billion, a PE ratio of 24.09, a PEG ratio of 1.49 and a beta of 0.85. 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 $215.52 and a fifty-two week high of $294.41.
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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, December 4th. Anthem’s dividend payout ratio (DPR) is 24.92%.
In related news, Director Julie A. Hill sold 500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $287.25, for a total value of $143,625.00. Following the completion of the sale, the director now owns 34,327 shares in the company, valued at $9,860,430.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ronald W. Penczek sold 763 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $265.56, for a total transaction of $202,622.28. Following the completion of the sale, the chief accounting officer now owns 1,334 shares of the company’s stock, valued at approximately $354,257.04. The disclosure for this sale can be found here. Insiders sold 24,525 shares of company stock valued at $6,810,963 in the last quarter. Company insiders own 0.31% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd lifted its stake in shares of Anthem by 138.2% in the third quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock valued at $22,004,000 after purchasing an additional 46,590 shares during the period. Visionary Asset Management Inc. acquired a new position in Anthem during the third quarter worth about $223,000. Diligent Investors LLC acquired a new position in Anthem during the third quarter worth about $200,000. Advisors Asset Management Inc. raised its position in Anthem by 48.2% during the second quarter. Advisors Asset Management Inc. now owns 15,646 shares of the company’s stock worth $2,353,000 after acquiring an additional 5,086 shares during the last quarter. Finally, Partner Fund Management L.P. raised its position in Anthem by 7.0% during the second quarter. Partner Fund Management L.P. now owns 707,244 shares of the company’s stock worth $168,345,000 after acquiring an additional 46,374 shares during the last quarter. Hedge funds and other institutional investors own 87.12% 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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