Wall Street analysts expect Athene Holding Ltd (NYSE:ATH) to announce sales of $1.16 billion for the current quarter, Zacks reports. Two analysts have issued estimates for Athene’s earnings. Athene reported sales of $861.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 34.7%. The company is expected to announce its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Athene will report full-year sales of $4.16 billion for the current financial year, with estimates ranging from $4.12 billion to $4.19 billion. For the next financial year, analysts expect that the business will report sales of $5.17 billion, with estimates ranging from $5.00 billion to $5.26 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Athene.
Athene (NYSE:ATH) last posted its earnings results on Wednesday, October 31st. The insurance provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.21. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.15 billion. Athene had a return on equity of 14.09% and a net margin of 17.65%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share.
A number of equities research analysts have issued reports on ATH shares. Wells Fargo & Co set a $67.00 price objective on Athene and gave the company a “buy” rating in a research report on Wednesday, October 31st. Morgan Stanley decreased their price objective on Athene from $64.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 13th. SunTrust Banks restated a “buy” rating and set a $59.00 price objective on shares of Athene in a research report on Monday, November 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $65.00 price objective on shares of Athene in a research report on Wednesday, December 19th. Finally, Zacks Investment Research downgraded Athene from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $59.09.
NYSE:ATH opened at $43.77 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $8.67 billion, a P/E ratio of 6.85, a PEG ratio of 0.41 and a beta of 0.79. Athene has a 12 month low of $37.20 and a 12 month high of $53.92.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ATH. Janus Henderson Group PLC grew its stake in shares of Athene by 62.6% during the second quarter. Janus Henderson Group PLC now owns 15,265 shares of the insurance provider’s stock valued at $669,000 after buying an additional 5,879 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Athene by 511.6% during the second quarter. Dimensional Fund Advisors LP now owns 982,333 shares of the insurance provider’s stock valued at $43,063,000 after buying an additional 821,717 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Athene by 7.4% during the second quarter. Voya Investment Management LLC now owns 33,451 shares of the insurance provider’s stock valued at $1,466,000 after buying an additional 2,308 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Athene by 16.0% during the second quarter. Bank of America Corp DE now owns 691,305 shares of the insurance provider’s stock valued at $30,306,000 after buying an additional 95,420 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Athene by 170.7% during the second quarter. Millennium Management LLC now owns 305,263 shares of the insurance provider’s stock valued at $13,383,000 after buying an additional 192,500 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.
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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