$1.23 Earnings Per Share Expected for Athene Holding Ltd. (ATH) This Quarter

Brokerages expect Athene Holding Ltd. (NYSE:ATH) to announce $1.23 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Athene’s earnings, with estimates ranging from $1.17 to $1.26. Athene posted earnings of $1.46 per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.8%. The firm is scheduled to announce its next earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Athene will report full year earnings of $5.17 per share for the current year, with EPS estimates ranging from $5.05 to $5.23. For the next fiscal year, analysts anticipate that the business will post earnings of $5.18 per share, with EPS estimates ranging from $4.89 to $5.42. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Athene.

Athene (NYSE:ATH) last announced its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Athene had a net margin of 22.66% and a return on equity of 13.31%. The business had revenue of $863.00 million during the quarter, compared to analysts’ expectations of $852.85 million.

A number of equities research analysts have weighed in on the stock. Evercore ISI reiterated a “buy” rating and set a $68.00 price target on shares of Athene in a research report on Thursday, December 21st. Wells Fargo & Co reissued a “buy” rating on shares of Athene in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Athene from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, October 10th. UBS Group raised their price objective on shares of Athene from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $63.00 price objective on shares of Athene in a research note on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Athene currently has an average rating of “Buy” and a consensus price target of $60.67.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Athene by 26.2% in the second quarter. Vanguard Group Inc. now owns 7,938,480 shares of the insurance provider’s stock worth $393,827,000 after acquiring an additional 1,648,981 shares during the last quarter. CI Global Investments Inc. lifted its stake in Athene by 3.7% in the third quarter. CI Global Investments Inc. now owns 7,036,310 shares of the insurance provider’s stock worth $378,835,000 after acquiring an additional 250,111 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Athene by 2.3% in the third quarter. Neuberger Berman Group LLC now owns 6,207,101 shares of the insurance provider’s stock worth $334,190,000 after acquiring an additional 139,195 shares during the last quarter. BlackRock Inc. lifted its stake in Athene by 164.7% in the second quarter. BlackRock Inc. now owns 5,112,966 shares of the insurance provider’s stock worth $253,652,000 after acquiring an additional 3,181,535 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Athene by 48.4% in the second quarter. TIAA CREF Investment Management LLC now owns 2,686,185 shares of the insurance provider’s stock worth $133,262,000 after acquiring an additional 876,113 shares during the last quarter. Institutional investors own 48.38% of the company’s stock.

Shares of Athene (ATH) traded down $0.07 on Wednesday, hitting $51.75. 589,300 shares of the company’s stock were exchanged, compared to its average volume of 1,244,636. Athene has a 1-year low of $45.15 and a 1-year high of $55.22. The firm has a market capitalization of $10,350.00 and a PE ratio of 7.24.

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About Athene

Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.

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Earnings History and Estimates for Athene (NYSE:ATH)

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