AFLAC Incorporated (AFL) Expected to Post Quarterly Sales of $5.57 Billion
Analysts expect AFLAC Incorporated (NYSE:AFL) to post sales of $5.57 billion for the current quarter, according to Zacks. Two analysts have made estimates for AFLAC’s earnings, with the lowest sales estimate coming in at $5.52 billion and the highest estimate coming in at $5.61 billion. AFLAC reported sales of $5.51 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The company is scheduled to announce its next earnings results on Wednesday, October 24th.
On average, analysts expect that AFLAC will report full-year sales of $22.02 billion for the current year, with estimates ranging from $21.72 billion to $22.24 billion. For the next year, analysts forecast that the company will report sales of $22.21 billion per share, with estimates ranging from $21.72 billion to $22.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for AFLAC.
AFLAC (NYSE:AFL) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.52 billion. AFLAC had a net margin of 21.00% and a return on equity of 12.53%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share.
In related news, insider Eric M. Kirsch sold 66,447 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $43.31, for a total value of $2,877,819.57. Following the completion of the sale, the insider now directly owns 128,796 shares in the company, valued at $5,578,154.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC grew its holdings in AFLAC by 34,171.9% in the second quarter. Moneta Group Investment Advisors LLC now owns 93,905 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 93,631 shares during the period. Oakworth Capital Inc. grew its stake in AFLAC by 100.0% during the first quarter. Oakworth Capital Inc. now owns 2,430 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,215 shares during the period. Smithfield Trust Co. grew its stake in AFLAC by 100.0% during the first quarter. Smithfield Trust Co. now owns 2,520 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,260 shares during the period. Omnia Family Wealth LLC grew its stake in AFLAC by 118.8% during the first quarter. Omnia Family Wealth LLC now owns 2,724 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,479 shares during the period. Finally, Clarus Wealth Advisors purchased a new stake in AFLAC during the second quarter worth approximately $121,000. Hedge funds and other institutional investors own 67.17% of the company’s stock.
Shares of NYSE AFL traded down $0.07 during midday trading on Friday, reaching $46.82. 2,546,600 shares of the stock were exchanged, compared to its average volume of 3,710,677. The company has a market cap of $36.15 billion, a PE ratio of 13.77, a price-to-earnings-growth 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 debt-to-equity ratio of 0.22, a current ratio of 0.05 and a quick ratio of 0.05.
The business also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Wednesday, August 22nd were issued 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 payout ratio is 30.59%.
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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