Equities analysts forecast that Athene Holding Ltd (NYSE:ATH) will announce earnings of $1.77 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Athene’s earnings. The highest EPS estimate is $1.83 and the lowest is $1.69. Athene posted earnings of $1.95 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 9.2%. The company is scheduled to report its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Athene will report full-year earnings of $7.01 per share for the current fiscal year, with EPS estimates ranging from $6.85 to $7.15. For the next financial year, analysts forecast that the company will post earnings of $8.07 per share, with EPS estimates ranging from $7.88 to $8.25. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Athene.
Athene (NYSE:ATH) last released its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.81 by $0.14. Athene had a net margin of 16.27% and a return on equity of 12.84%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The business’s revenue was up 21.2% on a year-over-year basis.
Several research analysts have commented on ATH shares. Royal Bank of Canada reissued a “hold” rating on shares of Athene in a report on Thursday, July 18th. BMO Capital Markets set a $68.00 price objective on shares of Athene and gave the company a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley dropped their price objective on shares of Athene from $58.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Bank of America restated a “buy” rating and set a $49.00 target price on shares of Athene in a research report on Monday, August 5th. Finally, Wells Fargo & Co decreased their target price on shares of Athene from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Athene currently has a consensus rating of “Buy” and an average target price of $55.88.
Shares of ATH traded up $0.03 during midday trading on Friday, hitting $37.73. 63,009 shares of the company traded hands, compared to its average volume of 1,381,934. The firm has a 50 day simple moving average of $41.75. Athene has a 52 week low of $36.00 and a 52 week high of $53.92. The stock has a market cap of $7.29 billion, a PE ratio of 6.47, a price-to-earnings-growth ratio of 0.36 and a beta of 0.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.12 and a current ratio of 0.12.
In other news, Director Marc A. Beilinson acquired 10,000 shares of Athene stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $25.00 per share, with a total value of $250,000.00. Following the transaction, the director now directly owns 187,817 shares of the company’s stock, valued at approximately $4,695,425. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $42.64, for a total transaction of $831,480.00. Following the completion of the sale, the insider now directly owns 177,817 shares in the company, valued at $7,582,116.88. The disclosure for this sale can be found here. Insiders have bought a total of 130,000 shares of company stock worth $3,250,000 over the last 90 days. Corporate insiders own 8.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of ATH. Voleon Capital Management LP bought a new position in shares of Athene during the second quarter valued at approximately $4,392,000. Worldquant Millennium Advisors LLC boosted its stake in shares of Athene by 17.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 15,825 shares of the insurance provider’s stock valued at $681,000 after purchasing an additional 2,324 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Athene during the second quarter valued at approximately $113,393,000. Andra AP fonden boosted its stake in shares of Athene by 1.0% during the second quarter. Andra AP fonden now owns 232,600 shares of the insurance provider’s stock valued at $10,016,000 after purchasing an additional 2,200 shares in the last quarter. Finally, CSat Investment Advisory L.P. bought a new position in shares of Athene during the second quarter valued at approximately $313,000. 71.52% of the stock is currently owned by institutional investors.
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products in the United States and Bermuda. It offers fixed deferred, immediate, and payout annuities; and funding agreements and pension risk transfer products to institutional investors. The company's products are designed for individuals and institutions seeking to fund retirement needs.
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