Aflac (AFL) Set to Announce Earnings on Wednesday

Aflac (NYSE:AFL) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 25th. Analysts expect Aflac to post earnings of $0.96 per share for the quarter.

Aflac (NYSE:AFL) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. Aflac had a net margin of 20.18% and a return on equity of 12.29%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, analysts expect Aflac to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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AFL stock opened at $45.30 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05. Aflac has a one year low of $36.40 and a one year high of $45.88. The company has a market capitalization of $35,289.69, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.78 and a beta of 0.95.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Aflac from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine raised shares of Aflac from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Aflac in a research note on Tuesday, January 16th. Barclays cut their price objective on shares of Aflac to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 21st. Finally, Wells Fargo reaffirmed a “market perform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Aflac in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Aflac has a consensus rating of “Hold” and an average target price of $45.81.

In other Aflac news, insider June P. Howard sold 2,648 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.33, for a total transaction of $239,193.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph L. Moskowitz purchased 550 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of $89.13 per share, with a total value of $49,021.50. Following the transaction, the director now directly owns 9,263 shares in the company, valued at $825,611.19. The disclosure for this purchase can be found here. Insiders sold a total of 37,631 shares of company stock valued at $2,919,118 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

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Aflac Company Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

Earnings History for Aflac (NYSE:AFL)

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