AFLAC (NYSE:AFL) issued an update on its FY 2020
Pre-Market earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 4.30-4.50 for the period, compared to the Thomson Reuters consensus estimate of $4.48. AFLAC also updated its FY20 guidance to $4.35-4.50 EPS.
Shares of NYSE:AFL traded down $1.44 during mid-day trading on Monday, hitting $53.40. 1,348,867 shares of the company traded hands, compared to its average volume of 2,204,993. The stock has a market cap of $40.25 billion, a P/E ratio of 12.84, a P/E/G ratio of 2.94 and a beta of 0.71. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.21. AFLAC has a 12-month low of $41.88 and a 12-month high of $57.18. The stock has a 50-day moving average price of $53.54 and a two-hundred day moving average price of $53.08.
AFLAC (NYSE:AFL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.09. The company had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.52 billion. AFLAC had a return on equity of 12.45% and a net margin of 13.96%. AFLAC’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, analysts expect that AFLAC will post 4.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 20th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, November 19th. This represents a $1.08 annualized dividend and a dividend yield of 2.02%. AFLAC’s payout ratio is 25.96%.
Several research analysts recently issued reports on AFL shares. Barclays cut their target price on AFLAC from $53.00 to $49.00 and set an equal weight rating on the stock in a research report on Friday, August 23rd. Bank of America set a $55.00 price target on AFLAC and gave the stock a hold rating in a report on Friday, October 25th. Finally, UBS Group lifted their price target on AFLAC from $51.00 to $53.00 and gave the stock a neutral rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $53.73.
In other AFLAC news, Director Toshihiko Fukuzawa sold 1,500 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $52.00, for a total value of $78,000.00. Following the sale, the director now directly owns 11,349 shares in the company, valued at $590,148. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Karole Lloyd bought 1,000 shares of the stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of $54.08 per share, for a total transaction of $54,080.00. Following the completion of the purchase, the director now owns 28,181 shares of the company’s stock, valued at $1,524,028.48. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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