Wall Street analysts expect Anthem, Inc. (NYSE:ANTM) to report $35.38 billion in sales for the current fiscal quarter, according to Zacks. Thirteen analysts have issued estimates for Anthem’s earnings. The lowest sales estimate is $35.01 billion and the highest is $35.86 billion. Anthem reported sales of $30.65 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The firm is expected to issue its next earnings results on Wednesday, October 27th.
According to Zacks, analysts expect that Anthem will report full year sales of $137.22 billion for the current year, with estimates ranging from $135.77 billion to $138.55 billion. For the next financial year, analysts anticipate that the company will report sales of $150.67 billion, with estimates ranging from $145.24 billion to $152.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Anthem.
Anthem (NYSE:ANTM) last released its earnings results on Tuesday, July 20th. The company reported $7.03 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.69. The company had revenue of $33.28 billion during the quarter, compared to the consensus estimate of $33.22 billion. Anthem had a return on equity of 15.24% and a net margin of 3.27%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.20 earnings per share.
ANTM has been the subject of a number of recent research reports. Zacks Investment Research upgraded Anthem from a “hold” rating to a “buy” rating and set a $386.00 target price for the company in a research report on Thursday, August 12th. Jefferies Financial Group boosted their target price on Anthem from $447.00 to $453.00 and gave the company a “buy” rating in a research note on Thursday, July 22nd. BMO Capital Markets boosted their target price on Anthem from $450.00 to $465.00 and gave the company an “outperform” rating in a research note on Thursday, July 22nd. Cantor Fitzgerald boosted their target price on Anthem from $430.00 to $455.00 and gave the company an “overweight” rating in a research note on Thursday, July 22nd. Finally, Royal Bank of Canada boosted their target price on Anthem from $399.00 to $408.00 and gave the company a “sector perform” rating in a research note on Thursday, July 22nd. Two analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $416.43.
ANTM stock opened at $378.73 on Monday. The company has a market cap of $92.34 billion, a P/E ratio of 22.25, a PEG ratio of 1.13 and a beta of 1.03. Anthem has a twelve month low of $244.10 and a twelve month high of $406.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $381.67 and a 200-day moving average of $371.68.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be paid a dividend of $1.13 per share. The ex-dividend date is Thursday, September 9th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.19%. Anthem’s dividend payout ratio (DPR) is currently 20.11%.
In related news, Director Ryan M. Schneider acquired 1,300 shares of the stock in a transaction on Friday, July 23rd. The shares were purchased at an average price of $384.36 per share, for a total transaction of $499,668.00. Following the purchase, the director now directly owns 4,714 shares in the company, valued at $1,811,873.04. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.28% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the business. Sawtooth Solutions LLC boosted its holdings in shares of Anthem by 26.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 1,153 shares of the company’s stock valued at $440,000 after purchasing an additional 240 shares in the last quarter. Integral Health Asset Management LLC raised its position in Anthem by 233.3% during the 2nd quarter. Integral Health Asset Management LLC now owns 50,000 shares of the company’s stock worth $19,090,000 after purchasing an additional 35,000 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Anthem during the 2nd quarter worth $391,000. Mariner LLC raised its position in Anthem by 2.5% during the 2nd quarter. Mariner LLC now owns 41,940 shares of the company’s stock worth $16,013,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in Anthem by 2.7% during the 2nd quarter. Lake Street Advisors Group LLC now owns 2,006 shares of the company’s stock worth $737,000 after purchasing an additional 53 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.
Anthem, Inc provides life, hospital and medical insurance plans. It offers a broad spectrum of network-based managed care health benefit plans to the large and small employer, individual, Medicaid, and Medicare markets. The company operates through the following segments: Commercial & Specialty Business, Government Business, IngenioRx and Other.
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