Equities analysts expect that Anthem Inc (NYSE:ANTM) will post earnings per share of $4.62 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Anthem’s earnings. The highest EPS estimate is $4.86 and the lowest is $4.53. Anthem reported earnings of $4.25 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The firm is scheduled to report its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Anthem will report full year earnings of $19.28 per share for the current year, with EPS estimates ranging from $19.15 to $19.42. For the next year, analysts anticipate that the company will post earnings of $22.89 per share, with EPS estimates ranging from $22.56 to $23.18. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Anthem.
Anthem (NYSE:ANTM) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $6.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.86 by $0.17. The company had revenue of $24.39 billion during the quarter, compared to analyst estimates of $24.31 billion. Anthem had a net margin of 4.23% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $5.41 EPS.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 price target for the company in a report on Thursday. Citigroup raised shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price target for the company in a report on Friday, May 10th. Barclays lifted their price target on shares of Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Morgan Stanley decreased their price target on shares of Anthem from $391.00 to $359.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, SunTrust Banks decreased their price target on shares of Anthem to $300.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $324.87.
Shares of NYSE ANTM traded up $8.78 during midday trading on Monday, hitting $267.43. The company’s stock had a trading volume of 51,550 shares, compared to its average volume of 1,947,802. Anthem has a 1-year low of $220.80 and a 1-year high of $317.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $66.73 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 0.92 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 10th will be given a $0.80 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.20 annualized dividend and a yield of 1.20%. Anthem’s dividend payout ratio is presently 20.14%.
In related news, EVP Gloria M. Mccarthy sold 7,701 shares of Anthem stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $303.73, for a total value of $2,339,024.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. First Merchants Corp raised its position in shares of Anthem by 67.1% during the 4th quarter. First Merchants Corp now owns 1,968 shares of the company’s stock worth $517,000 after buying an additional 790 shares in the last quarter. Horan Capital Advisors LLC. acquired a new position in shares of Anthem in the 1st quarter worth approximately $52,000. TrinityPoint Wealth LLC acquired a new position in shares of Anthem in the 4th quarter worth approximately $1,303,000. Huntington National Bank grew its stake in shares of Anthem by 9.1% in the 1st quarter. Huntington National Bank now owns 131,391 shares of the company’s stock worth $37,706,000 after purchasing an additional 10,933 shares during the last quarter. Finally, Monument Capital Management acquired a new position in shares of Anthem in the 4th quarter worth approximately $1,886,000. Hedge funds and other institutional investors own 88.88% 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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