Athene Holding Ltd (ATH) Expected to Post Earnings of $1.60 Per Share

Analysts expect that Athene Holding Ltd (NYSE:ATH) will announce earnings per share (EPS) of $1.60 for the current quarter, Zacks reports. Three analysts have provided estimates for Athene’s earnings, with the highest EPS estimate coming in at $1.67 and the lowest estimate coming in at $1.46. Athene reported earnings per share of $1.18 in the same quarter last year, which would indicate a positive year over year growth rate of 35.6%. The company is expected to announce its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that Athene will report full-year earnings of $5.86 per share for the current financial year, with EPS estimates ranging from $5.62 to $6.05. For the next fiscal year, analysts forecast that the firm will report earnings of $6.62 per share, with EPS estimates ranging from $6.26 to $6.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Athene.

Athene (NYSE:ATH) last posted its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.21. The company had revenue of $958.00 million for the quarter, compared to analyst estimates of $949.85 million. Athene had a return on equity of 12.54% and a net margin of 15.58%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share.

ATH has been the topic of a number of recent analyst reports. Credit Suisse Group initiated coverage on Athene in a research note on Wednesday, April 25th. They issued an “outperform” rating and a $67.00 price objective on the stock. Wells Fargo & Co set a $65.00 price objective on Athene and gave the stock a “buy” rating in a research note on Thursday, May 3rd. ValuEngine lowered Athene from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Barclays initiated coverage on Athene in a research note on Friday, June 8th. They issued an “equal weight” rating and a $51.00 price objective on the stock. Finally, Zacks Investment Research raised Athene from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $60.42.

In other news, insider Grant Kvalheim sold 38,985 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $50.01, for a total transaction of $1,949,639.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hope S. Taitz sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $49.90, for a total value of $499,000.00. Following the transaction, the director now directly owns 61,269 shares in the company, valued at approximately $3,057,323.10. The disclosure for this sale can be found here. Corporate insiders own 8.46% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. United Services Automobile Association lifted its stake in shares of Athene by 272.1% during the second quarter. United Services Automobile Association now owns 85,223 shares of the insurance provider’s stock valued at $3,736,000 after acquiring an additional 62,320 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Athene by 20.2% during the second quarter. Summit Trail Advisors LLC now owns 6,124 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 1,028 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Athene by 2.8% during the second quarter. Federated Investors Inc. PA now owns 149,662 shares of the insurance provider’s stock valued at $6,561,000 after acquiring an additional 4,044 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Athene by 340.7% during the second quarter. Riverhead Capital Management LLC now owns 37,900 shares of the insurance provider’s stock valued at $1,662,000 after acquiring an additional 29,300 shares during the period. Finally, Tyers Asset Management LLC lifted its stake in shares of Athene by 373.9% during the second quarter. Tyers Asset Management LLC now owns 36,928 shares of the insurance provider’s stock valued at $1,619,000 after acquiring an additional 29,136 shares during the period. 62.64% of the stock is currently owned by institutional investors and hedge funds.

Athene stock traded up $0.29 on Tuesday, reaching $49.60. The company’s stock had a trading volume of 1,622,330 shares, compared to its average volume of 1,102,430. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.86 and a current ratio of 0.13. The firm has a market cap of $9.85 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.56 and a beta of 0.22. Athene has a twelve month low of $43.09 and a twelve month high of $55.22.

Athene Company Profile

Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States, the District of Columbia, and Germany. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors.

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