Brokerages Anticipate Anthem, Inc. (ANTM) Will Post Earnings of $3.23 Per Share

Wall Street analysts forecast that Anthem, Inc. (NYSE:ANTM) will post earnings of $3.23 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Anthem’s earnings, with the lowest EPS estimate coming in at $2.89 and the highest estimate coming in at $3.42. Anthem posted earnings per share of $3.33 during the same quarter last year, which indicates a negative year-over-year growth rate of 3%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, July 26th.

On average, analysts expect that Anthem will report full year earnings of $11.90 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will post earnings of $12.93 per share, with EPS estimates ranging from $12.00 to $13.42. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Anthem.

Anthem (NYSE:ANTM) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.85 by $0.83. The business had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $21.23 billion. Anthem had a net margin of 3.19% and a return on equity of 13.13%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.46 earnings per share.

ANTM has been the topic of several research reports. Deutsche Bank AG raised their price objective on shares of Anthem from $166.00 to $173.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Sanford C. Bernstein lifted their target price on shares of Anthem from $202.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Cantor Fitzgerald raised shares of Anthem from a “hold” rating to an “overweight” rating and lifted their target price for the company from $165.00 to $210.00 in a report on Thursday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $183.00 target price (up previously from $179.00) on shares of Anthem in a report on Thursday, April 27th. Finally, Jefferies Group LLC lifted their target price on shares of Anthem from $172.00 to $177.00 and gave the company a “hold” rating in a report on Thursday, March 30th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Anthem currently has a consensus rating of “Hold” and a consensus target price of $164.56.

In other Anthem news, EVP Gloria M. Mccarthy sold 15,187 shares of Anthem stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $166.38, for a total transaction of $2,526,813.06. Following the completion of the transaction, the executive vice president now owns 59,144 shares in the company, valued at $9,840,378.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of Anthem stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $187.46, for a total transaction of $162,527.82. Following the transaction, the senior vice president now owns 1,872 shares of the company’s stock, valued at approximately $350,925.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,290 shares of company stock worth $3,276,368. 0.36% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in ANTM. BlackRock Inc. boosted its position in shares of Anthem by 2,873.5% in the first quarter. BlackRock Inc. now owns 22,676,945 shares of the company’s stock worth $3,750,316,000 after buying an additional 21,914,321 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Anthem by 4.2% in the first quarter. Vanguard Group Inc. now owns 17,325,680 shares of the company’s stock worth $2,865,321,000 after buying an additional 700,705 shares during the last quarter. FMR LLC boosted its position in shares of Anthem by 8.2% in the first quarter. FMR LLC now owns 12,335,115 shares of the company’s stock worth $2,039,982,000 after buying an additional 934,509 shares during the last quarter. State Street Corp boosted its position in shares of Anthem by 3.0% in the first quarter. State Street Corp now owns 11,362,446 shares of the company’s stock worth $1,879,127,000 after buying an additional 328,727 shares during the last quarter. Finally, Glenview Capital Management LLC acquired a new position in shares of Anthem during the fourth quarter worth about $844,512,000. Institutional investors own 88.69% of the company’s stock.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, June 7th. Anthem’s dividend payout ratio is currently 25.22%.

About Anthem

Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.

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