Brokerages expect Anthem Inc (NYSE:ANTM) to announce sales of $22.66 billion for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Anthem’s earnings, with the highest sales estimate coming in at $22.96 billion and the lowest estimate coming in at $22.40 billion. Anthem reported sales of $22.32 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Anthem will report full year sales of $22.66 billion for the current fiscal year, with estimates ranging from $91.02 billion to $92.24 billion. For the next financial year, analysts expect that the business will report sales of $96.70 billion per share, with estimates ranging from $95.31 billion to $97.86 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Anthem.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. Anthem had a net margin of 4.27% and a return on equity of 12.29%. The company had revenue of $22.45 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the business earned $1.76 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year.
ANTM has been the subject of several analyst reports. B. Riley restated a “buy” rating on shares of Anthem in a research report on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating on shares of Anthem in a research report on Thursday, January 4th. Credit Suisse Group initiated coverage on shares of Anthem in a research report on Thursday, November 2nd. They set an “outperform” rating and a $234.00 price target for the company. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Bank of America upped their price target on shares of Anthem from $249.00 to $254.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Anthem presently has an average rating of “Buy” and an average target price of $230.80.
In other news, insider Joseph Swedish sold 64,403 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $244.37, for a total transaction of $15,738,161.11. Following the completion of the sale, the insider now directly owns 84,346 shares in the company, valued at $20,611,632.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gloria M. Mccarthy sold 14,429 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $229.68, for a total transaction of $3,314,052.72. Following the sale, the executive vice president now owns 30,667 shares of the company’s stock, valued at $7,043,596.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,457 shares of company stock valued at $39,862,398. 0.36% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Calton & Associates Inc. purchased a new stake in shares of Anthem during the fourth quarter worth about $100,000. Icon Wealth Partners LLC bought a new position in Anthem in the fourth quarter worth about $126,000. First Interstate Bank raised its stake in Anthem by 1,910.7% in the third quarter. First Interstate Bank now owns 563 shares of the company’s stock worth $107,000 after buying an additional 535 shares in the last quarter. Bartlett & Co. LLC raised its stake in Anthem by 50.5% in the fourth quarter. Bartlett & Co. LLC now owns 787 shares of the company’s stock worth $177,000 after buying an additional 264 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in Anthem in the third quarter worth about $154,000. Institutional investors own 85.30% of the company’s stock.
Shares of Anthem (NYSE ANTM) opened at $235.02 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.55. Anthem has a 1 year low of $158.66 and a 1 year high of $267.95. The stock has a market cap of $60,343.85, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.75 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, March 8th. Anthem’s dividend payout ratio is currently 19.50%.
Anthem announced that its board has authorized a share buyback program on Thursday, December 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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