$38.01 Billion in Sales Expected for Anthem, Inc. (NYSE:ANTM) This Quarter

Wall Street brokerages expect that Anthem, Inc. (NYSE:ANTMGet Rating) will report $38.01 billion in sales for the current quarter, Zacks reports. Sixteen analysts have provided estimates for Anthem’s earnings, with estimates ranging from $36.83 billion to $38.87 billion. Anthem posted sales of $33.28 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Anthem will report full year sales of $153.07 billion for the current fiscal year, with estimates ranging from $151.08 billion to $156.94 billion. For the next fiscal year, analysts forecast that the business will report sales of $160.97 billion, with estimates ranging from $155.94 billion to $167.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Anthem.

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

A number of equities research analysts have issued reports on the stock. Cowen increased their target price on shares of Anthem from $472.00 to $642.00 in a report on Thursday, April 21st. Cowen raised their price objective on shares of Anthem from $472.00 to $642.00 in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Anthem from $453.00 to $574.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Truist Financial raised their target price on shares of Anthem from $590.00 to $610.00 in a research note on Thursday, April 21st. Finally, StockNews.com assumed coverage on shares of Anthem in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $545.23.

ANTM stock opened at $494.85 on Tuesday. Anthem has a 52 week low of $355.43 and a 52 week high of $533.68. The stock has a market capitalization of $119.30 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.35 and a beta of 0.97. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $496.85 and a 200-day simple moving average of $461.91.

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

In other news, CAO Ronald W. Penczek sold 2,423 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter D. Haytaian sold 17,703 shares of Anthem stock in a transaction dated 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 ninety days, insiders sold 21,116 shares of company stock valued at $9,743,637. 0.28% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ANTM. Advisory Services Network LLC lifted its stake in Anthem by 11.1% in the 1st quarter. Advisory Services Network LLC now owns 4,810 shares of the company’s stock valued at $2,362,000 after acquiring an additional 481 shares in the last quarter. Verity Asset Management Inc. increased its position in shares of Anthem by 5.8% during the 1st quarter. Verity Asset Management Inc. now owns 1,276 shares of the company’s stock worth $632,000 after purchasing an additional 70 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Anthem by 9.1% during the 1st quarter. Neuberger Berman Group LLC now owns 696,117 shares of the company’s stock worth $342,027,000 after acquiring an additional 57,948 shares during the last quarter. Sanders Capital LLC increased its holdings in shares of Anthem by 1.0% during the 1st quarter. Sanders Capital LLC now owns 4,081,861 shares of the company’s stock worth $2,206,855,000 after acquiring an additional 39,260 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Anthem during the 1st quarter worth approximately $783,000. Hedge funds and other institutional investors own 84.28% of the company’s stock.

About Anthem (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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Earnings History and Estimates for Anthem (NYSE:ANTM)

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