$38.02 Billion in Sales Expected for Anthem, Inc. (NYSE:ANTM) This Quarter

Equities research analysts expect Anthem, Inc. (NYSE:ANTMGet Rating) to announce $38.02 billion in sales for the current quarter, according to Zacks. Seventeen analysts have made estimates for Anthem’s earnings. The lowest sales estimate is $36.83 billion and the highest is $38.87 billion. Anthem posted sales of $33.28 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Anthem will report full year sales of $153.08 billion for the current fiscal year, with estimates ranging from $151.08 billion to $156.94 billion. For the next financial year, analysts forecast that the business will post sales of $160.81 billion, with estimates ranging from $155.94 billion to $167.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Anthem.

Anthem (NYSE:ANTMGet Rating) last released its earnings results on Wednesday, April 20th. The company reported $8.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $7.81 by $0.44. Anthem had a net margin of 4.33% and a return on equity of 18.71%. The business had revenue of $38.10 billion during the quarter, compared to analyst estimates of $37.28 billion. During the same quarter in the prior year, the firm earned $7.01 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year.

Several analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Anthem in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Morgan Stanley raised their target price on shares of Anthem from $518.00 to $607.00 and gave the stock an “overweight” rating in a research report on Thursday, April 21st. Argus raised their target price on shares of Anthem from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, February 7th. BMO Capital Markets increased their price target on Anthem from $540.00 to $625.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Finally, Credit Suisse Group raised their target price on Anthem from $518.00 to $584.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $543.64.

In other news, CAO Ronald W. Penczek sold 2,423 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $463.68, for a total value of $1,123,496.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter D. Haytaian sold 17,703 shares of the stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $460.71, for a total value of $8,155,949.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,889 shares of company stock valued at $10,532,411. 0.27% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in ANTM. Morgan Stanley lifted its holdings in shares of Anthem by 7.8% in the second quarter. Morgan Stanley now owns 1,568,625 shares of the company’s stock valued at $598,899,000 after buying an additional 113,659 shares during the period. Citizens Financial Group Inc RI boosted its position in shares of Anthem by 43.9% in the 3rd quarter. Citizens Financial Group Inc RI now owns 1,528 shares of the company’s stock valued at $570,000 after purchasing an additional 466 shares during the period. AIA Group Ltd acquired a new position in shares of Anthem in the 3rd quarter valued at $344,000. Moors & Cabot Inc. acquired a new position in shares of Anthem in the 3rd quarter valued at $416,000. Finally, Advisory Services Network LLC boosted its position in shares of Anthem by 2.6% in the 3rd quarter. Advisory Services Network LLC now owns 4,485 shares of the company’s stock valued at $1,672,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 84.28% of the company’s stock.

NYSE ANTM opened at $498.48 on Wednesday. The firm’s 50-day moving average is $487.92 and its two-hundred day moving average is $454.94. Anthem has a 12 month low of $355.43 and a 12 month high of $533.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $120.18 billion, a P/E ratio of 19.63, a PEG ratio of 1.41 and a beta of 0.97.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase from Anthem’s previous quarterly dividend of $1.13. The ex-dividend date is Thursday, June 9th. Anthem’s payout ratio is 20.16%.

Anthem Company Profile (Get Rating)

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small groups, individuals, Medicaid, and Medicare markets.

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