Analysts Anticipate Athene Holding Ltd (ATH) to Announce $1.60 Earnings Per Share

Wall Street brokerages expect Athene Holding Ltd (NYSE:ATH) to report earnings per share of $1.60 for the current quarter, according to Zacks. Three analysts have issued estimates for Athene’s earnings, with the highest EPS estimate coming in at $1.67 and the lowest estimate coming in at $1.46. Athene reported earnings per share of $1.18 in the same quarter last year, which would suggest a positive year over year growth rate of 35.6%. The company is scheduled to issue its next earnings report on Monday, November 5th.

On average, analysts expect that Athene will report full year earnings of $5.86 per share for the current financial year, with EPS estimates ranging from $5.62 to $6.05. For the next financial year, analysts expect that the firm will report earnings of $6.62 per share, with EPS estimates ranging from $6.26 to $6.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Athene.

Athene (NYSE:ATH) last released its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.21. Athene had a net margin of 15.58% and a return on equity of 12.54%. The business had revenue of $958.00 million during the quarter, compared to the consensus estimate of $949.85 million. During the same quarter last year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year.

A number of analysts have recently weighed in on ATH shares. Royal Bank of Canada reissued a “buy” rating and set a $58.00 price target on shares of Athene in a research report on Friday, August 3rd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Athene in a report on Friday, August 3rd. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, July 4th. Barclays began coverage on shares of Athene in a report on Friday, June 8th. They issued an “equal weight” rating and a $51.00 price objective for the company. Finally, Citigroup reaffirmed a “hold” rating on shares of Athene in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $60.42.

Shares of ATH stock traded up $0.29 during mid-day trading on Tuesday, reaching $49.60. 1,622,330 shares of the company were exchanged, compared to its average volume of 1,102,430. Athene has a fifty-two week low of $43.09 and a fifty-two week high of $55.22. The company has a current ratio of 0.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $9.85 billion, a P/E ratio of 8.87, a PEG ratio of 0.56 and a beta of 0.22.

In other Athene news, Director Hope S. Taitz sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $49.90, for a total value of $499,000.00. Following the sale, the director now directly owns 61,269 shares in the company, valued at $3,057,323.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Grant Kvalheim sold 38,985 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $50.01, for a total value of $1,949,639.85. The disclosure for this sale can be found here. Insiders own 8.46% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ATH. Guggenheim Capital LLC lifted its stake in Athene by 57.0% in the fourth quarter. Guggenheim Capital LLC now owns 6,694 shares of the insurance provider’s stock valued at $346,000 after buying an additional 2,430 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Athene by 131.3% in the fourth quarter. Macquarie Group Ltd. now owns 3,700 shares of the insurance provider’s stock valued at $191,000 after buying an additional 2,100 shares during the last quarter. Algebris UK Ltd lifted its stake in Athene by 398.0% in the first quarter. Algebris UK Ltd now owns 214,900 shares of the insurance provider’s stock valued at $10,274,000 after buying an additional 171,750 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Athene by 71.6% in the first quarter. Daiwa Securities Group Inc. now owns 5,149 shares of the insurance provider’s stock valued at $246,000 after buying an additional 2,149 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Athene by 14.8% in the first quarter. Rhumbline Advisers now owns 103,216 shares of the insurance provider’s stock valued at $4,935,000 after buying an additional 13,333 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.

Athene Company Profile

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

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