Anthem, Inc. (ANTM) Scheduled to Post Earnings on Wednesday
Anthem, Inc. (NYSE:ANTM) is scheduled to release its earnings data on Wednesday, October 25th. Analysts expect Anthem to post earnings of $2.40 per share for the quarter.
Anthem (NYSE:ANTM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.14. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.25 billion. Anthem had a return on equity of 12.93% and a net margin of 3.24%. Anthem’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $3.33 EPS. On average, analysts expect Anthem to post $11.83 EPS for the current fiscal year and $12.98 EPS for the next fiscal year.
Anthem, Inc. (ANTM) opened at 187.26 on Wednesday. The stock has a market cap of $49.17 billion, a PE ratio of 17.71 and a beta of 0.71. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $198.98. The company has a 50-day moving average price of $189.79 and a 200-day moving average price of $185.14.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from Anthem’s previous quarterly dividend of $0.65. Anthem’s dividend payout ratio (DPR) is currently 26.52%.
In other Anthem news, EVP Thomas C. Zielinski sold 9,127 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $191.25, for a total value of $1,745,538.75. Following the completion of the transaction, the executive vice president now directly owns 26,571 shares in the company, valued at $5,081,703.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total value of $4,027,058.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,901 shares of company stock valued at $10,034,202. Corporate insiders own 0.36% of the company’s stock.
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A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Morgan Stanley raised their price target on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $202.00 price target on shares of Anthem in a research report on Wednesday, October 4th. Finally, Bank of America Corporation increased their price objective on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 14th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Anthem presently has an average rating of “Buy” and an average price target of $191.18.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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