AFLAC Incorporated (AFL) Expected to Announce Quarterly Sales of $5.57 Billion

Share on StockTwits

Equities analysts expect AFLAC Incorporated (NYSE:AFL) to announce sales of $5.57 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for AFLAC’s earnings, with the lowest sales estimate coming in at $5.52 billion and the highest estimate coming in at $5.61 billion. AFLAC reported sales of $5.51 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, October 24th.

According to Zacks, analysts expect that AFLAC will report full-year sales of $21.97 billion for the current year, with estimates ranging from $21.56 billion to $22.24 billion. For the next year, analysts expect that the business will report sales of $22.01 billion, with estimates ranging from $21.11 billion to $22.88 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow AFLAC.

AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.52 billion. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. AFLAC’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS.

AFL has been the subject of several analyst reports. ValuEngine downgraded AFLAC from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded AFLAC from a “buy” rating to a “sell” rating in a report on Tuesday, July 3rd. Sandler O’Neill set a $50.00 price target on AFLAC and gave the company a “hold” rating in a report on Friday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price target on shares of AFLAC in a report on Wednesday, August 1st. Finally, B. Riley boosted their price target on AFLAC from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. AFLAC currently has an average rating of “Hold” and an average target price of $48.21.

In other news, Director Joseph L. Moskowitz sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total transaction of $69,570.00. Following the completion of the sale, the director now directly owns 17,779 shares in the company, valued at approximately $824,590.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas Wayne Johnson sold 2,000 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $46.52, for a total value of $93,040.00. Following the sale, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management boosted its position in AFLAC by 4.2% during the 2nd quarter. LSV Asset Management now owns 6,323,617 shares of the financial services provider’s stock worth $272,042,000 after purchasing an additional 253,241 shares during the period. Victory Capital Management Inc. boosted its position in AFLAC by 1.3% during the 2nd quarter. Victory Capital Management Inc. now owns 5,324,389 shares of the financial services provider’s stock worth $229,055,000 after purchasing an additional 68,747 shares during the period. Schroder Investment Management Group boosted its position in AFLAC by 9.2% during the 2nd quarter. Schroder Investment Management Group now owns 4,560,019 shares of the financial services provider’s stock worth $197,038,000 after purchasing an additional 385,727 shares during the period. Legal & General Group Plc boosted its position in AFLAC by 89.9% during the 1st quarter. Legal & General Group Plc now owns 4,051,350 shares of the financial services provider’s stock worth $177,290,000 after purchasing an additional 1,917,603 shares during the period. Finally, Coho Partners Ltd. boosted its position in AFLAC by 2.8% during the 2nd quarter. Coho Partners Ltd. now owns 3,922,809 shares of the financial services provider’s stock worth $168,759,000 after purchasing an additional 105,168 shares during the period. Institutional investors and hedge funds own 67.21% of the company’s stock.

AFL traded down $0.44 during trading on Friday, hitting $44.05. The company’s stock had a trading volume of 4,419,906 shares, compared to its average volume of 3,620,417. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $36.14 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. AFLAC has a twelve month low of $41.41 and a twelve month high of $48.19.

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.

Recommended Story: Outstanding Shares, Buying and Selling Stocks

Get a free copy of the Zacks research report on AFLAC (AFL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AFLAC (NYSE:AFL)

Receive News & Ratings for AFLAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFLAC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply