Equities research analysts expect Athene Holding Ltd (NYSE:ATH) to post $1.23 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Athene’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.17. Athene reported earnings of $1.46 per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.8%. The business is expected to announce its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Athene will report full-year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $5.18 to $5.25. For the next financial year, analysts expect that the business will report earnings of $5.22 per share, with EPS estimates ranging from $4.69 to $5.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Athene.
Athene (NYSE:ATH) last issued its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The firm had revenue of $863.00 million for the quarter, compared to analyst estimates of $852.85 million. Athene had a return on equity of 13.31% and a net margin of 22.66%.
A number of equities research analysts have recently weighed in on the company. Scotiabank reiterated a “hold” rating on shares of Athene in a research report on Monday, December 4th. Royal Bank of Canada restated a “buy” rating on shares of Athene in a research note on Monday, September 25th. Goldman Sachs Group assumed coverage on Athene in a research note on Wednesday, October 18th. They issued a “buy” rating and a $63.00 target price for the company. Zacks Investment Research upgraded Athene from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, October 10th. Finally, Wells Fargo & Co set a $60.00 target price on Athene and gave the company a “buy” rating in a research note on Monday, December 4th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Athene currently has a consensus rating of “Buy” and a consensus price target of $61.69.
Shares of Athene (NYSE:ATH) opened at $51.04 on Friday. The firm has a market capitalization of $10,271.59 and a P/E ratio of 7.52. Athene has a 1 year low of $45.15 and a 1 year high of $55.22.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new position in Athene during the second quarter valued at $120,000. Envestnet Asset Management Inc. raised its stake in Athene by 661.1% during the third quarter. Envestnet Asset Management Inc. now owns 3,014 shares of the insurance provider’s stock valued at $162,000 after buying an additional 2,618 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Athene by 147.0% during the third quarter. Public Employees Retirement Association of Colorado now owns 3,379 shares of the insurance provider’s stock valued at $182,000 after buying an additional 2,011 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Athene during the third quarter valued at $200,000. Finally, Alpine Woods Capital Investors LLC purchased a new position in Athene during the third quarter valued at $215,000. Institutional investors own 48.38% of the company’s stock.
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Athene Holding Ltd. is an insurance holding company. The Company’s segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue and reinsure retirement savings products and institutional products. Retirement Services has retail operations, which provide annuity retirement solutions to its policyholders.
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