Aflac Incorporated (NYSE:AFL) Expected to Announce Earnings of $1.38 Per Share

Analysts expect Aflac Incorporated (NYSE:AFLGet Rating) to report $1.38 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Aflac’s earnings. The highest EPS estimate is $1.46 and the lowest is $1.30. Aflac posted earnings per share of $1.53 during the same quarter last year, which indicates a negative year-over-year growth rate of 9.8%. The firm is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Aflac will report full year earnings of $5.26 per share for the current financial year, with EPS estimates ranging from $5.20 to $5.41. For the next financial year, analysts expect that the business will post earnings of $5.47 per share, with EPS estimates ranging from $5.35 to $5.66. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Aflac.

Aflac (NYSE:AFLGet Rating) last posted its earnings results on Wednesday, February 2nd. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.24 billion. Aflac had a return on equity of 12.12% and a net margin of 19.57%. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 EPS.

A number of research analysts recently weighed in on AFL shares. Wolfe Research started coverage on Aflac in a report on Friday, January 21st. They set a “market perform” rating and a $63.00 target price on the stock. Jefferies Financial Group assumed coverage on Aflac in a report on Tuesday, January 25th. They set a “hold” rating and a $60.00 target price on the stock. Royal Bank of Canada upped their price objective on Aflac from $61.00 to $66.00 in a report on Friday, February 4th. Raymond James upped their price objective on Aflac from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Monday, February 7th. Finally, Piper Sandler upped their price objective on Aflac from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.45.

Shares of AFL stock traded up $0.34 during trading on Friday, reaching $65.33. 1,723,031 shares of the company’s stock were exchanged, compared to its average volume of 2,295,191. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $42.46 billion, a PE ratio of 10.24, a PEG ratio of 2.49 and a beta of 0.94. Aflac has a twelve month low of $51.28 and a twelve month high of $66.97. The firm’s fifty day moving average price is $63.21 and its 200-day moving average price is $59.71.

In related news, EVP Eric M. Kirsch sold 18,750 shares of the company’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $64.36, for a total transaction of $1,206,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Albert Riggieri sold 1,687 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $65.05, for a total value of $109,739.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,993 shares of company stock worth $3,441,526. 1.10% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in AFL. Bank of America Corp DE raised its position in Aflac by 3.0% in the second quarter. Bank of America Corp DE now owns 4,316,114 shares of the financial services provider’s stock valued at $231,603,000 after purchasing an additional 125,775 shares during the last quarter. Vontobel Holding Ltd. raised its position in Aflac by 73.0% in the third quarter. Vontobel Holding Ltd. now owns 18,895 shares of the financial services provider’s stock valued at $985,000 after purchasing an additional 7,973 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in Aflac by 207.9% in the third quarter. TCI Wealth Advisors Inc. now owns 1,250 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 844 shares during the last quarter. Trust Asset Management LLC raised its position in Aflac by 6.6% in the third quarter. Trust Asset Management LLC now owns 6,464 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 400 shares during the last quarter. Finally, Strong Tower Advisory Services bought a new position in Aflac in the third quarter valued at about $1,057,000. Institutional investors and hedge funds own 65.53% of the company’s stock.

About Aflac (Get Rating)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing care income support, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.

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