Equities analysts expect AFLAC Incorporated (NYSE:AFL) to announce $0.99 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AFLAC’s earnings. The lowest EPS estimate is $0.97 and the highest is $1.01. AFLAC posted earnings per share of $0.92 during the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The company is scheduled to issue its next earnings results after the market closes on Thursday, July 26th.
On average, analysts expect that AFLAC will report full-year earnings of $3.97 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $4.02. For the next year, analysts anticipate that the firm will post earnings of $4.11 per share, with EPS estimates ranging from $4.04 to $4.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AFLAC.
AFLAC (NYSE:AFL) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.08. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.48 billion. AFLAC had a net margin of 20.61% and a return on equity of 12.39%. AFLAC’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS.
A number of equities analysts recently issued reports on AFL shares. Zacks Investment Research lowered shares of AFLAC from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Sandler O’Neill reissued a “hold” rating and issued a $47.00 price target on shares of AFLAC in a report on Thursday, April 5th. UBS Group initiated coverage on shares of AFLAC in a report on Friday, March 2nd. They issued a “neutral” rating and a $49.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of AFLAC to $47.00 and set an “overweight” rating for the company in a report on Tuesday, March 27th. Finally, Barclays cut their price target on shares of AFLAC to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, March 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.46.
A number of hedge funds have recently bought and sold shares of AFL. BlackRock Inc. lifted its stake in AFLAC by 105.9% during the first quarter. BlackRock Inc. now owns 51,061,717 shares of the financial services provider’s stock valued at $2,234,459,000 after buying an additional 26,264,017 shares in the last quarter. Northern Trust Corp lifted its stake in AFLAC by 96.3% during the first quarter. Northern Trust Corp now owns 10,631,066 shares of the financial services provider’s stock valued at $465,215,000 after buying an additional 5,215,905 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in AFLAC by 681.1% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 4,891,075 shares of the financial services provider’s stock valued at $214,033,000 after buying an additional 4,264,932 shares in the last quarter. LSV Asset Management lifted its stake in AFLAC by 111.3% during the first quarter. LSV Asset Management now owns 6,070,376 shares of the financial services provider’s stock valued at $265,639,000 after buying an additional 3,196,878 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AFLAC by 98.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,240,111 shares of the financial services provider’s stock valued at $273,050,000 after buying an additional 3,103,311 shares in the last quarter. 67.22% of the stock is owned by institutional investors.
AFLAC traded down $0.19, reaching $43.02, on Friday, according to MarketBeat Ratings. The company had a trading volume of 4,264,945 shares, compared to its average volume of 2,895,437. The firm has a market capitalization of $33.45 billion, a PE ratio of 12.65, a P/E/G ratio of 1.35 and a beta of 0.93. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.22. AFLAC has a one year low of $38.31 and a one year high of $46.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Wednesday, May 23rd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, May 22nd. AFLAC’s dividend payout ratio is presently 30.59%.
AFLAC Company Profile
Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, 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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