Brokerages Anticipate Anthem Inc (ANTM) to Post $4.93 Earnings Per Share

Brokerages predict that Anthem Inc (NYSE:ANTM) will post earnings of $4.93 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Anthem’s earnings, with the lowest EPS estimate coming in at $4.66 and the highest estimate coming in at $5.36. Anthem posted earnings of $4.68 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, April 25th.

According to Zacks, analysts expect that Anthem will report full-year earnings of $15.10 per share for the current financial year, with EPS estimates ranging from $15.03 to $15.20. For the next fiscal year, analysts anticipate that the business will report earnings of $16.62 per share, with EPS estimates ranging from $16.11 to $18.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Anthem.

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Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. The company had revenue of $22.45 billion for the quarter, compared to analyst estimates of $22.17 billion. Anthem had a net margin of 4.27% and a return on equity of 12.29%. Anthem’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $1.76 EPS.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Anthem from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. Barclays assumed coverage on shares of Anthem in a report on Thursday, March 8th. They issued an “overweight” rating and a $270.00 price target on the stock. ValuEngine upgraded shares of Anthem from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group reiterated an “outperform” rating and issued a $280.00 price target (up previously from $255.00) on shares of Anthem in a report on Thursday, February 1st. Finally, Morgan Stanley lifted their price target on shares of Anthem from $247.00 to $266.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Anthem has an average rating of “Buy” and a consensus price target of $236.13.

Shares of ANTM traded up $1.56 during mid-day trading on Tuesday, reaching $222.02. The company had a trading volume of 987,525 shares, compared to its average volume of 1,490,874. The firm has a market cap of $56,376.45, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. Anthem has a fifty-two week low of $164.91 and a fifty-two week high of $267.95. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were issued a dividend of $0.75 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $3.00 annualized dividend and a dividend yield of 1.35%. Anthem’s payout ratio is presently 24.92%.

In related news, insider Joseph Swedish sold 64,403 shares of Anthem stock in a transaction on 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 sale, the insider now owns 84,346 shares of the company’s stock, valued at approximately $20,611,632.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ronald W. Penczek sold 1,966 shares of Anthem stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $231.90, for a total transaction of $455,915.40. Following the sale, the senior vice president now directly owns 2,132 shares in the company, valued at approximately $494,410.80. The disclosure for this sale can be found here. Insiders have sold a total of 139,246 shares of company stock worth $32,966,554 in the last 90 days. Company insiders own 0.31% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. FineMark National Bank & Trust increased its stake in Anthem by 8.3% during the 4th quarter. FineMark National Bank & Trust now owns 2,933 shares of the company’s stock worth $660,000 after buying an additional 225 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Anthem by 2.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,451 shares of the company’s stock worth $1,903,000 after purchasing an additional 232 shares during the last quarter. Dowling & Yahnke LLC increased its position in shares of Anthem by 3.3% in the 4th quarter. Dowling & Yahnke LLC now owns 7,445 shares of the company’s stock worth $1,675,000 after purchasing an additional 241 shares during the last quarter. Reliance Trust Co. of Delaware increased its position in shares of Anthem by 4.7% in the 4th quarter. Reliance Trust Co. of Delaware now owns 5,678 shares of the company’s stock worth $1,278,000 after purchasing an additional 255 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Anthem by 3.8% in the 4th quarter. Global X Management Co. LLC now owns 7,181 shares of the company’s stock worth $1,616,000 after purchasing an additional 263 shares during the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

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About Anthem

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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