AFLAC Incorporated (AFL) to Post Q3 2018 Earnings of $0.98 Per Share, Langen Mcalenn Forecasts

Share on StockTwits

AFLAC Incorporated (NYSE:AFL) – Langen Mcalenn lowered their Q3 2018 EPS estimates for AFLAC in a report issued on Thursday, October 11th. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $0.98 per share for the quarter, down from their previous forecast of $0.99. Langen Mcalenn also issued estimates for AFLAC’s FY2018 earnings at $4.06 EPS.

AFLAC (NYSE:AFL) last released its earnings results on Thursday, July 26th. The financial services provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. AFLAC had a return on equity of 12.53% and a net margin of 21.00%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday, September 3rd. Morgan Stanley lifted their price target on AFLAC from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, September 27th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of AFLAC in a research report on Wednesday, October 3rd. Sandler O’Neill upgraded AFLAC from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, August 1st. Finally, ValuEngine cut AFLAC from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.21.

AFLAC stock opened at $43.82 on Monday. 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 stock has a market cap of $36.14 billion, a P/E ratio of 12.89, a PEG ratio of 1.44 and a beta of 0.92. AFLAC has a 52 week low of $41.41 and a 52 week high of $48.19.

In other news, Director Joseph L. Moskowitz sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $46.38, for a total value of $69,570.00. Following the completion of the sale, the director now directly owns 17,779 shares in the company, valued at $824,590.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas Wayne Johnson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $46.52, for a total value of $93,040.00. Following the completion of the sale, the director now owns 29,859 shares of the company’s stock, valued at $1,389,040.68. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of AFL. Parsons Capital Management Inc. RI increased its position in shares of AFLAC by 95.1% in the first quarter. Parsons Capital Management Inc. RI now owns 59,694 shares of the financial services provider’s stock valued at $2,612,000 after buying an additional 29,092 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of AFLAC by 64.7% in the first quarter. Nuveen Asset Management LLC now owns 35,136 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 13,806 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of AFLAC by 521.7% in the first quarter. Lord Abbett & CO. LLC now owns 433,300 shares of the financial services provider’s stock valued at $18,961,000 after buying an additional 363,600 shares in the last quarter. Blair William & Co. IL increased its position in shares of AFLAC by 79.3% during the first quarter. Blair William & Co. IL now owns 28,801 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 12,737 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of AFLAC by 38.5% during the first quarter. The Manufacturers Life Insurance Company now owns 716,841 shares of the financial services provider’s stock worth $31,369,000 after purchasing an additional 199,343 shares in the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.

About AFLAC

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.

Featured Article: Find a Trading Strategy That Works

Earnings History and Estimates for AFLAC (NYSE:AFL)

Receive News & Ratings for AFLAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AFLAC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply