Wall Street analysts expect that AFLAC Incorporated (NYSE:AFL) will announce $5.44 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for AFLAC’s earnings, with estimates ranging from $5.34 billion to $5.49 billion. AFLAC reported sales of $5.51 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, July 23rd.
According to Zacks, analysts expect that AFLAC will report full year sales of $21.69 billion for the current financial year, with estimates ranging from $21.43 billion to $22.06 billion. For the next year, analysts anticipate that the company will report sales of $21.22 billion, with estimates ranging from $20.67 billion to $21.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow AFLAC.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. AFLAC had a return on equity of 11.84% and a net margin of 13.49%. The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.49 billion. During the same period last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut AFLAC from a “buy” rating to a “hold” rating and set a $37.00 price target on the stock. in a research report on Tuesday, April 7th. Royal Bank of Canada upgraded AFLAC from an “underperform” rating to a “sector perform” rating and lowered their price target for the company from $46.00 to $35.00 in a research report on Friday, March 20th. Piper Sandler decreased their target price on AFLAC from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, April 3rd. Raymond James decreased their target price on AFLAC from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, Morgan Stanley lifted their target price on AFLAC from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.51.
Shares of AFL stock traded down $0.15 during mid-day trading on Wednesday, hitting $34.70. 2,874,982 shares of the stock traded hands, compared to its average volume of 4,014,879. AFLAC has a twelve month low of $23.07 and a twelve month high of $57.18. The firm has a market cap of $25.01 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90. The company’s 50-day simple moving average is $35.48 and its 200-day simple moving average is $45.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.05.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. AFLAC’s dividend payout ratio is 25.23%.
In other AFLAC news, COO Frederick John Crawford purchased 25,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of $28.69 per share, for a total transaction of $717,250.00. Following the completion of the acquisition, the chief operating officer now owns 247,828 shares of the company’s stock, valued at approximately $7,110,185.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Solstein Capital LLC purchased a new position in shares of AFLAC during the fourth quarter valued at $26,000. NWK Group Inc. purchased a new position in shares of AFLAC during the fourth quarter valued at $26,000. Atticus Wealth Management LLC purchased a new position in shares of AFLAC during the fourth quarter valued at $34,000. Bartlett & Co. LLC purchased a new position in shares of AFLAC during the first quarter valued at $25,000. Finally, S.A. Mason LLC acquired a new stake in AFLAC during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 68.53% of the company’s stock.
AFLAC Company Profile
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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