Zacks: Brokerages Anticipate AFLAC Incorporated (NYSE:AFL) Will Announce Earnings of $1.07 Per Share

Analysts expect AFLAC Incorporated (NYSE:AFL) to report $1.07 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for AFLAC’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.05. AFLAC also posted earnings of $1.07 per share during the same quarter last year. The firm is expected to report its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that AFLAC will report full-year earnings of $4.30 per share for the current year, with EPS estimates ranging from $4.29 to $4.30. For the next financial year, analysts anticipate that the firm will report earnings of $4.48 per share, with EPS estimates ranging from $4.45 to $4.55. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover AFLAC.

AFLAC (NYSE:AFL) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.46 billion. AFLAC had a return on equity of 13.49% and a net margin of 14.26%. AFLAC’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Several brokerages have commented on AFL. ValuEngine raised AFLAC from a “sell” rating to a “hold” rating in a report on Friday. Barclays lifted their target price on AFLAC from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 22nd. Raymond James lifted their target price on AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 30th. UBS Group cut their target price on AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Finally, Zacks Investment Research raised AFLAC from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.09.

Shares of AFL stock opened at $55.04 on Monday. The firm has a market cap of $41.03 billion, a P/E ratio of 13.23, a PEG ratio of 3.69 and a beta of 0.71. AFLAC has a twelve month low of $41.45 and a twelve month high of $55.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.05 and a current ratio of 0.05.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, May 21st. AFLAC’s payout ratio is presently 25.96%.

In other AFLAC news, Director Karole Lloyd acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were bought at an average cost of $49.83 per share, with a total value of $99,660.00. Following the purchase, the director now directly owns 22,160 shares of the company’s stock, valued at $1,104,232.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Masatoshi Koide sold 29,008 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.75, for a total value of $1,443,148.00. Following the completion of the transaction, the insider now directly owns 64,512 shares in the company, valued at $3,209,472. The disclosure for this sale can be found here. Insiders have sold a total of 177,332 shares of company stock worth $9,078,988 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Several large investors have recently made changes to their positions in AFL. Cordasco Financial Network acquired a new position in shares of AFLAC in the 1st quarter valued at about $25,000. Gables Capital Management Inc. lifted its stake in shares of AFLAC by 276.9% in the 1st quarter. Gables Capital Management Inc. now owns 490 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 360 shares during the period. Baystate Wealth Management LLC lifted its stake in shares of AFLAC by 203.5% in the 1st quarter. Baystate Wealth Management LLC now owns 601 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 403 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of AFLAC in the 1st quarter valued at about $29,000. Finally, NuWave Investment Management LLC lifted its stake in shares of AFLAC by 59.2% in the 1st quarter. NuWave Investment Management LLC now owns 769 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 286 shares during the period. 66.75% of the stock is currently owned by institutional investors.

AFLAC Company Profile

Aflac Incorporated, through its subsidiaries, 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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Earnings History and Estimates for AFLAC (NYSE:AFL)

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