AFLAC Incorporated (AFL) Expected to Announce Quarterly Sales of $5.57 Billion
Equities analysts expect that AFLAC Incorporated (NYSE:AFL) will announce $5.57 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for AFLAC’s earnings, with the highest sales estimate coming in at $5.61 billion and the lowest estimate coming in at $5.52 billion. AFLAC posted sales of $5.51 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The firm is scheduled to issue its next quarterly 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 fiscal year, with estimates ranging from $21.56 billion to $22.24 billion. For the next fiscal year, analysts anticipate that the business will report sales of $22.01 billion, with estimates ranging from $21.11 billion to $22.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover AFLAC.
AFLAC (NYSE:AFL) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.52 billion. During the same quarter last year, the company posted $0.92 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis.
In other news, Director Joseph L. Moskowitz sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 17,779 shares of the company’s stock, valued at approximately $824,590.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction that occurred 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 directly owns 29,859 shares in the company, valued at approximately $1,389,040.68. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Berkshire Asset Management LLC PA boosted its stake in shares of AFLAC by 15.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 18,172 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 2,414 shares in the last quarter. Gyroscope Capital Management Group LLC acquired a new position in shares of AFLAC during the 3rd quarter worth approximately $339,000. Smith Shellnut Wilson LLC ADV acquired a new position in shares of AFLAC during the 3rd quarter worth approximately $1,446,000. United Capital Management of KS Inc. acquired a new position in shares of AFLAC during the 3rd quarter worth approximately $931,000. Finally, State of Alaska Department of Revenue raised its position in shares of AFLAC by 1.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 137,648 shares of the financial services provider’s stock worth $6,477,000 after purchasing an additional 1,406 shares during the last quarter. 67.21% of the stock is currently owned by institutional investors and hedge funds.
AFL traded down $0.44 during trading on Friday, reaching $44.05. The company’s stock had a trading volume of 4,419,906 shares, compared to its average volume of 3,620,417. AFLAC has a 52-week low of $41.41 and a 52-week high of $48.19. The firm has a market capitalization of $36.14 billion, a PE ratio of 12.96, a P/E/G ratio of 1.44 and a beta of 0.92. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22.
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.
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