Anthem Inc (NYSE:ANTM) Expected to Announce Earnings of $3.90 Per Share

Wall Street analysts expect Anthem Inc (NYSE:ANTM) to announce earnings per share of $3.90 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Anthem’s earnings. The highest EPS estimate is $4.07 and the lowest is $3.86. Anthem posted earnings per share of $2.44 during the same quarter last year, which would indicate a positive year-over-year growth rate of 59.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 29th.

On average, analysts expect that Anthem will report full-year earnings of $19.43 per share for the current year, with EPS estimates ranging from $19.40 to $19.45. For the next financial year, analysts anticipate that the company will report earnings of $22.68 per share, with EPS estimates ranging from $22.49 to $23.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Anthem.

Anthem (NYSE:ANTM) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.82 by $0.05. Anthem had a net margin of 4.29% and a return on equity of 15.59%. The business had revenue of $26.44 billion during the quarter, compared to analysts’ expectations of $25.88 billion. During the same period last year, the company posted $3.81 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year.

Several brokerages have weighed in on ANTM. Morgan Stanley dropped their target price on Anthem from $371.00 to $356.00 and set an “overweight” rating on the stock in a research report on Thursday, September 26th. Credit Suisse Group reduced their price target on Anthem from $345.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Mizuho initiated coverage on Anthem in a report on Thursday, October 17th. They set a “neutral” rating and a $262.00 price target for the company. ValuEngine raised Anthem from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Deutsche Bank initiated coverage on Anthem in a report on Thursday, September 12th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $317.46.

In related news, EVP Peter D. Haytaian sold 12,095 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $300.00, for a total transaction of $3,628,500.00. Following the completion of the sale, the executive vice president now directly owns 41,377 shares of the company’s stock, valued at approximately $12,413,100. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter D. Haytaian sold 9,586 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $269.57, for a total transaction of $2,584,098.02. Following the sale, the executive vice president now directly owns 42,488 shares of the company’s stock, valued at $11,453,490.16. The disclosure for this sale can be found here. Insiders sold 33,097 shares of company stock valued at $9,503,088 in the last ninety days. Insiders own 0.17% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ANTM. Squar Milner Financial Services LLC acquired a new stake in shares of Anthem in the second quarter valued at about $28,000. Next Capital Management LLC bought a new position in shares of Anthem in the second quarter worth about $30,000. Motco acquired a new position in shares of Anthem during the 2nd quarter worth about $31,000. Hartford Financial Management Inc. lifted its position in shares of Anthem by 62.5% during the 2nd quarter. Hartford Financial Management Inc. now owns 130 shares of the company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Anthem during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.

ANTM traded down $2.94 during trading on Wednesday, reaching $282.33. 1,206,356 shares of the stock traded hands, compared to its average volume of 1,674,727. The stock’s 50-day simple moving average is $280.50 and its two-hundred day simple moving average is $274.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.70 and a quick ratio of 1.70. Anthem has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The stock has a market cap of $72.33 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.05 and a beta of 0.76.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, December 4th. This represents a $3.20 annualized dividend and a yield of 1.13%. Anthem’s dividend payout ratio (DPR) is currently 20.14%.

Anthem Company Profile

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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Earnings History and Estimates for Anthem (NYSE:ANTM)

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