$0.99 Earnings Per Share Expected for AFLAC Incorporated (AFL) This Quarter
Analysts forecast that AFLAC Incorporated (NYSE:AFL) will announce earnings of $0.99 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AFLAC’s earnings, with estimates ranging from $0.98 to $1.00. AFLAC reported earnings per share of $0.85 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.
On average, analysts expect that AFLAC will report full year earnings of $4.06 per share for the current year, with EPS estimates ranging from $4.02 to $4.10. For the next fiscal year, analysts forecast that the company will report earnings of $4.17 per share, with EPS estimates ranging from $4.08 to $4.30. Zacks’ EPS averages are a mean 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 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.52 billion. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. AFLAC’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS.
NYSE AFL traded down $0.07 on Friday, reaching $46.82. The company had a trading volume of 2,546,600 shares, compared to its average volume of 3,710,677. The firm has a market capitalization of $36.15 billion, a P/E ratio of 13.77, a PEG ratio of 1.37 and a beta of 0.94. AFLAC has a 52-week low of $39.88 and a 52-week high of $47.15. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Wednesday, August 22nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.22%. AFLAC’s dividend payout ratio (DPR) is presently 30.59%.
In other AFLAC news, insider Eric M. Kirsch sold 66,447 shares of the company’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of $43.31, for a total value of $2,877,819.57. Following the completion of the transaction, the insider now owns 128,796 shares in the company, valued at approximately $5,578,154.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Oakworth Capital Inc. grew its stake in AFLAC by 100.0% in the 1st quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,215 shares during the period. Smithfield Trust Co. grew its stake in AFLAC by 100.0% in the 1st quarter. Smithfield Trust Co. now owns 2,520 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,260 shares during the period. Omnia Family Wealth LLC grew its stake in AFLAC by 118.8% in the 1st quarter. Omnia Family Wealth LLC now owns 2,724 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,479 shares during the period. Clarus Wealth Advisors bought a new position in AFLAC in the 2nd quarter valued at $121,000. Finally, Spectrum Management Group Inc. bought a new position in AFLAC in the 2nd quarter valued at $122,000. Hedge funds and other institutional investors own 67.17% of the company’s stock.
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.
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