Zacks: Analysts Expect Anthem Inc (NYSE:ANTM) Will Announce Earnings of $3.85 Per Share

Analysts expect that Anthem Inc (NYSE:ANTM) will post earnings per share (EPS) of $3.85 for the current quarter, according to Zacks. Four analysts have provided estimates for Anthem’s earnings, with the highest EPS estimate coming in at $3.97 and the lowest estimate coming in at $3.74. Anthem reported earnings of $2.44 per share during the same quarter last year, which suggests a positive year over year growth rate of 57.8%. The business is expected to report its next quarterly earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Anthem will report full-year earnings of $19.36 per share for the current financial year, with EPS estimates ranging from $19.30 to $19.45. For the next financial year, analysts expect that the company will post earnings of $22.85 per share, with EPS estimates ranging from $22.03 to $23.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Anthem.

Anthem (NYSE:ANTM) last posted its earnings results on Wednesday, October 23rd. The company reported $4.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.05. The company had revenue of $26.44 billion during the quarter, compared to the consensus estimate of $25.88 billion. Anthem had a net margin of 4.21% and a return on equity of 15.02%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.81 earnings per share.

A number of research analysts recently issued reports on ANTM shares. Credit Suisse Group restated an “outperform” rating and set a $340.00 target price (down from $345.00) on shares of Anthem in a research report on Thursday. Mizuho started coverage on shares of Anthem in a research report on Thursday, October 17th. They set a “neutral” rating and a $262.00 target price for the company. Wells Fargo & Co restated a “buy” rating on shares of Anthem in a research report on Friday, July 26th. Morgan Stanley decreased their target price on shares of Anthem from $371.00 to $356.00 and set an “overweight” rating for the company in a research report on Thursday, September 26th. Finally, Zacks Investment Research downgraded shares of Anthem from a “buy” rating to a “hold” rating and set a $289.00 price objective for the company. in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $318.80.

NYSE ANTM traded down $4.02 on Friday, reaching $259.49. 1,548,151 shares of the company’s stock traded hands, compared to its average volume of 1,711,333. The firm has a market cap of $66.58 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 0.96 and a beta of 0.73. The stock has a 50 day moving average price of $247.41 and a 200-day moving average price of $269.84. Anthem has a fifty-two week low of $227.16 and a fifty-two week high of $317.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.64.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.23%. Anthem’s dividend payout ratio (DPR) is currently 20.14%.

In other Anthem news, Director Robert L. Dixon, Jr. sold 520 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $294.11, for a total value of $152,937.20. Following the completion of the transaction, the director now owns 9,971 shares in the company, valued at $2,932,570.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Squar Milner Financial Services LLC purchased a new stake in shares of Anthem during the second quarter worth about $28,000. Next Capital Management LLC purchased a new stake in shares of Anthem during the second quarter worth about $30,000. Motco purchased a new stake in shares of Anthem during the second quarter worth about $31,000. NuWave Investment Management LLC increased its stake in shares of Anthem by 46.3% during the second quarter. NuWave Investment Management LLC now owns 120 shares of the company’s stock worth $34,000 after purchasing an additional 38 shares in the last quarter. Finally, Clean Yield Group purchased a new stake in shares of Anthem during the second quarter worth about $36,000. Institutional investors and hedge funds own 88.39% of the company’s stock.

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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