Equity research analysts predict that Athene Holding Ltd. (NYSE: ATH) to report earnings per share of $ 2.79 for the current quarter, according to Zacks investment research. Two analysts made estimates for Athene’s earnings, with the lower estimate of EPS at $ 2.08 and the higher estimate at $ 3.39. Athene reported earnings of $ 2.85 per share for the same quarter last year, suggesting a negative growth rate of 2.1% year-over-year. The company is expected to announce its next quarterly earnings report on Wednesday, February 16.
According to Zacks, analysts expect Athene to report annual earnings of $ 14.36 per share for the current fiscal year, with EPS estimates ranging from $ 13.65 to $ 14.95. For the next fiscal year, analysts predict the company will post earnings of $ 9.17 per share, with EPS estimates ranging from $ 9.12 to $ 9.25. Zacks’ EPS calculations are an average based on a survey of sales analysts who cover Athene.
Athene (NYSE: ATH) last released its quarterly earnings data on Wednesday, November 3. The insurance provider reported earnings per share (EPS) of $ 2.73 for the quarter, beating the Zacks’ consensus estimate of $ 2.10 by $ 0.63. The company posted revenue of $ 1.47 billion for the quarter, compared to analysts’ expectations of $ 1.57 billion. Athene had a net margin of 13.69% and a return on equity of 14.35%. The company’s revenue grew 21.9% year-over-year. In the same quarter of the previous year, the company earned $ 1.53 per share.
ATH has been the subject of several research analyst reports. Truist Securities raised its price target for Athene shares from $ 68.00 to $ 88.00 and assigned a “hold” rating to the stock in a research note on Tuesday, November 9. Wells Fargo & Company raised its price target for Athene shares from $ 73.00 to $ 89.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 4. Royal Bank of Canada raised its price target for Athene shares from $ 66.00 to $ 87.00 and assigned the stock a “sector performance” rating in a research note on Thursday, November 4th. . Truist raised its price target for Athene shares from $ 68.00 to $ 88.00 and assigned the company a “conservation” rating in a research note on Tuesday, November 9. Finally, Truist Financial downgraded shares of Athene to a “hold” rating in a research note on Tuesday, August 10. Thirteen investment analysts rated the stock with a conservation rating and two gave the company’s stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $ 71.34.
In related news, the director Robert L. Borden sold 2,000 shares of Athene in a trade on Wednesday, September 15. The shares were sold for an average price of $ 68.80, for a total value of $ 137,600.00. As a result of the transaction, the director now owns 17,107 shares of the company, valued at approximately $ 1,176,961.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In addition, CFO Martin P. Klein sold 4,300 shares of the company in a transaction dated Wednesday, October 20. The shares were sold at an average price of $ 81.69, for a total trade of $ 351,267.00. Disclosure of this sale can be found here. Insiders have sold a total of 15,000 shares of the company valued at $ 1,123,367 in the past ninety days. 6.80% of the shares are currently held by insiders.
Hedge funds have recently increased or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Athene by 2.0% during the second quarter. Vanguard Group Inc. now owns 11,268,648 shares of the insurance provider valued at $ 760,634,000 after purchasing an additional 217,942 shares during the period. BlackRock Inc. increased its position in shares of Athene by 0.8% during the third quarter. BlackRock Inc. now owns 7,035,092 shares of the insurance provider valued at $ 484,508,000 after purchasing an additional 56,315 shares during the period. Capital International Investors purchased a new position in shares of Athene during the second quarter valued at approximately $ 335,223,000. Dimensional Fund Advisors LP increased its position in shares of Athene by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,054,910 shares of the insurance provider valued at $ 279,275,000 after purchasing an additional 191,586 shares during the period. Finally, Neuberger Berman Group LLC increased its position in Athene shares by 10.1% during the third quarter. Neuberger Berman Group LLC now owns 3,099,446 shares of the insurance provider valued at $ 212,353,000 after purchasing an additional 285,439 shares during the period. Hedge funds and other institutional investors hold 85.87% of the company’s shares.
NYSE: ATH traded up $ 2.13 on Tuesday, reaching $ 82.55. The stock had a deal volume of 7,822 shares, compared to its average volume of 1,291,594. The company has a leverage ratio of 0.11, a quick ratio of 0.65, and a current ratio of 0 , 65. The stock has a market cap of $ 15.86 billion, a P / E ratio of 4.38 and a beta of 1.70. Athene has a one-year low at $ 40.21 and a one-year high at $ 91.26. The company’s fifty-day simple moving average is $ 81.44 and its two-hundred-day simple moving average is $ 71.14.
Athene Holding Ltd. engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates in the following segments: Retirement Services and Corporate & Other. The Retirement Services segment includes operations in the United States and Bermuda, which issue and reinsure retirement savings products and institutional products.
Further reading: remedial contributions
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Athene right now?
Before you consider Athene, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Athene was not on the list.
While Athene currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here