Equities research analysts predict that Anthem Inc (NYSE:ANTM) will announce $24.84 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Anthem’s earnings, with estimates ranging from $24.52 billion to $25.35 billion. Anthem posted sales of $22.71 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is scheduled to announce its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Anthem will report full-year sales of $100.16 billion for the current fiscal year, with estimates ranging from $99.52 billion to $100.78 billion. For the next fiscal year, analysts forecast that the business will report sales of $109.83 billion, with estimates ranging from $107.42 billion to $111.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Anthem.
Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.86 by $0.17. Anthem had a return on equity of 14.99% and a net margin of 4.23%. The company had revenue of $24.39 billion during the quarter, compared to analysts’ expectations of $24.31 billion. During the same quarter in the previous year, the business earned $5.41 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis.
Several analysts have weighed in on ANTM shares. Citigroup raised Anthem from a “neutral” rating to a “buy” rating and set a $325.00 target price on the stock in a report on Friday, May 10th. UBS Group started coverage on Anthem in a research note on Tuesday, April 23rd. They set a “buy” rating and a $294.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $360.00 price objective on shares of Anthem in a research note on Sunday, April 21st. Barclays set a $338.00 price objective on Anthem and gave the company a “buy” rating in a research note on Friday, March 8th. Finally, Zacks Investment Research raised Anthem from a “hold” rating to a “buy” rating and set a $293.00 price objective on the stock in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $324.87.
In other Anthem news, SVP Ronald W. Penczek sold 763 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $279.00, for a total transaction of $212,877.00. Following the completion of the sale, the senior vice president now owns 2,295 shares in the company, valued at approximately $640,305. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ramiro G. Peru sold 1,656 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $275.00, for a total value of $455,400.00. Following the sale, the director now owns 11,173 shares of the company’s stock, valued at approximately $3,072,575. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ANTM. Oregon Public Employees Retirement Fund grew its position in shares of Anthem by 24,845.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,122,063 shares of the company’s stock worth $103,000 after acquiring an additional 27,013,337 shares in the last quarter. Norges Bank acquired a new position in Anthem during the 4th quarter valued at approximately $667,351,000. Viking Global Investors LP boosted its position in Anthem by 21.5% during the 1st quarter. Viking Global Investors LP now owns 6,194,886 shares of the company’s stock valued at $1,777,808,000 after purchasing an additional 1,096,639 shares during the period. CI Investments Inc. boosted its position in Anthem by 373.8% during the 4th quarter. CI Investments Inc. now owns 1,241,273 shares of the company’s stock valued at $325,995,000 after purchasing an additional 979,273 shares during the period. Finally, Investec Asset Management LTD acquired a new position in Anthem during the 4th quarter valued at approximately $219,306,000. Institutional investors own 87.14% of the company’s stock.
NYSE:ANTM traded up $1.31 during trading hours on Thursday, hitting $283.45. The company’s stock had a trading volume of 1,483,657 shares, compared to its average volume of 1,886,210. The stock has a market capitalization of $72.84 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 0.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.61 and a current ratio of 1.61. Anthem has a 52-week low of $226.23 and a 52-week high of $317.99.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.20 annualized dividend and a yield of 1.13%. Anthem’s dividend payout ratio (DPR) is presently 20.14%.
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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