Zacks: Brokerages Anticipate Anthem Inc (ANTM) to Post $4.16 Earnings Per Share

Equities research analysts predict that Anthem Inc (NYSE:ANTM) will announce $4.16 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Anthem’s earnings. The lowest EPS estimate is $3.75 and the highest is $4.40. Anthem reported earnings per share of $3.37 during the same quarter last year, which indicates a positive year over year growth rate of 23.4%. The firm is scheduled to report its next quarterly earnings results before the market opens on Wednesday, July 25th.

On average, analysts expect that Anthem will report full-year earnings of $15.39 per share for the current financial year, with EPS estimates ranging from $15.30 to $15.42. For the next financial year, analysts forecast that the business will post earnings of $16.86 per share, with EPS estimates ranging from $16.26 to $18.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Anthem.

Anthem (NYSE:ANTM) last released its quarterly earnings data on Wednesday, April 25th. The company reported $5.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.83 by $0.58. Anthem had a return on equity of 12.77% and a net margin of 4.60%. The business had revenue of $22.34 billion during the quarter, compared to analyst estimates of $22.55 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.

A number of research firms recently issued reports on ANTM. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $274.00 price objective for the company in a research report on Wednesday. ValuEngine lowered Anthem from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Sanford C. Bernstein set a $332.00 price objective on Anthem and gave the company an “outperform” rating in a research report on Thursday, April 26th. Credit Suisse Group boosted their price objective on Anthem from $280.00 to $284.00 and gave the company an “outperform” rating in a research report on Thursday, April 26th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $275.00 price objective on shares of Anthem in a research report on Wednesday, April 25th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $250.57.

In other Anthem news, CEO Brian T. Griffin sold 59,421 shares of Anthem stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $224.41, for a total transaction of $13,334,666.61. Following the sale, the chief executive officer now owns 25,619 shares of the company’s stock, valued at approximately $5,749,159.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julie A. Hill sold 1,000 shares of the business’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $233.00, for a total value of $233,000.00. Following the completion of the sale, the director now directly owns 35,075 shares in the company, valued at approximately $8,172,475. The disclosure for this sale can be found here. Insiders have sold a total of 61,421 shares of company stock worth $13,798,767 in the last ninety days. 0.31% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its stake 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 buying an additional 232 shares in the last quarter. Reliance Trust Co. of Delaware raised its stake 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 buying an additional 255 shares in the last quarter. Global X Management Co. LLC raised its stake 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 buying an additional 263 shares in the last quarter. ETRADE Capital Management LLC raised its stake in shares of Anthem by 4.6% in the 4th quarter. ETRADE Capital Management LLC now owns 5,986 shares of the company’s stock worth $1,347,000 after buying an additional 265 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Anthem by 2.3% in the 1st quarter. American Century Companies Inc. now owns 12,596 shares of the company’s stock worth $2,767,000 after buying an additional 287 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Anthem traded up $1.74, reaching $244.82, during midday trading on Friday, MarketBeat reports. 1,181,186 shares of the company traded hands, compared to its average volume of 1,371,913. Anthem has a twelve month low of $179.40 and a twelve month high of $267.95. The firm has a market capitalization of $62.03 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.49 and a quick ratio of 1.49.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, June 7th. Anthem’s payout ratio is currently 24.92%.

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.

Get a free copy of the Zacks research report on Anthem (ANTM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Anthem (NYSE:ANTM)

Receive News & Ratings for Anthem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anthem and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply