Anthem (NYSE:ANTM) Updates FY 2021 Earnings Guidance

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Anthem (NYSE:ANTM) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 25.100- for the period, compared to the Thomson Reuters consensus earnings per share estimate of $24.820. The company issued revenue guidance of $135.10 billion-$135.10 billion, compared to the consensus revenue estimate of $135.03 billion.

A number of analysts have weighed in on ANTM shares. Truist increased their price target on shares of Anthem from $425.00 to $450.00 in a report on Thursday, April 22nd. Stephens boosted their price objective on shares of Anthem from $395.00 to $430.00 and gave the company an overweight rating in a report on Wednesday, April 28th. Argus boosted their price objective on shares of Anthem from $300.00 to $380.00 and gave the company a buy rating in a report on Wednesday, January 13th. Royal Bank of Canada lifted their price target on shares of Anthem from $350.00 to $399.00 and gave the company an outperform rating in a research note on Wednesday, April 28th. Finally, Zacks Investment Research downgraded shares of Anthem from a hold rating to a sell rating and set a $379.00 target price on the stock. in a report on Thursday, March 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $388.00.

ANTM traded up $4.00 on Tuesday, reaching $390.58. The company had a trading volume of 44,417 shares, compared to its average volume of 1,298,946. The business has a 50 day simple moving average of $364.73 and a 200 day simple moving average of $324.67. The company has a market cap of $95.63 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 0.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.59 and a current ratio of 1.59. Anthem has a 52-week low of $244.10 and a 52-week high of $389.31.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Tuesday, April 20th. The company reported $7.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.86 by $0.15. The business had revenue of $32.10 billion during the quarter, compared to analysts’ expectations of $32.98 billion. Anthem had a net margin of 4.22% and a return on equity of 18.45%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.48 EPS. As a group, equities research analysts predict that Anthem will post 22.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Thursday, June 10th will be paid a $1.13 dividend. The ex-dividend date is Wednesday, June 9th. This is a positive change from Anthem’s previous quarterly dividend of $0.95. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.16%. Anthem’s payout ratio is currently 23.25%.

In other news, EVP Peter D. Haytaian sold 59,500 shares of the stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $349.20, for a total transaction of $20,777,400.00. Following the transaction, the executive vice president now directly owns 59,544 shares in the company, valued at $20,792,764.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ryan M. Schneider bought 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 4th. The shares were purchased at an average cost of $296.03 per share, with a total value of $503,251.00. Following the transaction, the director now directly owns 2,921 shares of the company’s stock, valued at $864,703.63. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

About Anthem

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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