Analysts Expect Athene Holding Ltd. (ATH) Will Announce Earnings of $1.23 Per Share

Wall Street analysts expect Athene Holding Ltd. (NYSE:ATH) to announce earnings of $1.23 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Athene’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.26. Athene posted earnings per share of $1.46 during the same quarter last year, which indicates a negative year over year growth rate of 15.8%. The business is expected to issue its next earnings report on Wednesday, March 21st.

On average, analysts expect that Athene will report full-year earnings of $5.17 per share for the current year, with EPS estimates ranging from $5.05 to $5.23. For the next fiscal year, analysts expect that the business will report earnings of $5.18 per share, with EPS estimates ranging from $4.89 to $5.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Athene.

Athene (NYSE:ATH) last posted its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Athene had a return on equity of 13.31% and a net margin of 22.66%. The firm had revenue of $863.00 million during the quarter, compared to analysts’ expectations of $852.85 million.

ATH has been the subject of a number of research reports. Royal Bank of Canada reiterated a “buy” rating on shares of Athene in a report on Monday, September 25th. Zacks Investment Research upgraded Athene from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, October 10th. Goldman Sachs Group began coverage on Athene in a report on Wednesday, October 18th. They issued a “buy” rating and a $63.00 price objective for the company. Wells Fargo & Co reissued a “buy” rating on shares of Athene in a research note on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 target price on shares of Athene in a research note on Friday, November 3rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $60.87.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATH. BlackRock Inc. raised its position in Athene by 164.7% during the 2nd quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock valued at $253,652,000 after purchasing an additional 3,181,535 shares during the last quarter. Alliancebernstein L.P. bought a new position in Athene during the 2nd quarter valued at approximately $86,452,000. Vanguard Group Inc. raised its position in shares of Athene by 26.2% in the 2nd quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock worth $393,827,000 after acquiring an additional 1,648,981 shares in the last quarter. StepStone Group LP bought a new position in shares of Athene in the 2nd quarter worth approximately $76,530,000. Finally, California Public Employees Retirement System raised its position in shares of Athene by 152.5% in the 2nd quarter. California Public Employees Retirement System now owns 2,317,872 shares of the insurance provider’s stock worth $114,667,000 after acquiring an additional 1,399,908 shares in the last quarter. 48.38% of the stock is owned by institutional investors and hedge funds.

Athene (NYSE:ATH) traded down $0.11 on Wednesday, hitting $51.71. The stock had a trading volume of 568,806 shares, compared to its average volume of 1,480,000. Athene has a 1 year low of $45.15 and a 1 year high of $55.22. The stock has a market cap of $10,340.00 and a PE ratio of 7.23.

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Athene Company Profile

Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.

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Earnings History and Estimates for Athene (NYSE:ATH)

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