Anthem Inc (NYSE:ANTM) Expected to Announce Quarterly Sales of $24.84 Billion

Analysts expect that Anthem Inc (NYSE:ANTM) will post sales of $24.84 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Anthem’s earnings, with estimates ranging from $24.52 billion to $25.35 billion. Anthem reported sales of $22.71 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, July 24th.

On average, analysts expect that Anthem will report full-year sales of $100.16 billion for the current year, with estimates ranging from $99.52 billion to $100.78 billion. For the next fiscal year, analysts forecast that the company will post sales of $109.83 billion, with estimates ranging from $107.42 billion to $111.95 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Anthem.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $6.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.86 by $0.17. Anthem had a net margin of 4.23% and a return on equity of 14.99%. The company had revenue of $24.39 billion for the quarter, compared to the consensus estimate of $24.31 billion. During the same quarter in the prior year, the firm earned $5.41 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $293.00 price target on the stock in a report on Thursday, May 16th. Citigroup raised shares of Anthem from a “neutral” rating to a “buy” rating and set a $325.00 price target on the stock in a report on Friday, May 10th. Barclays upped their price target on shares of Anthem from $316.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Morgan Stanley reduced their price target on shares of Anthem from $391.00 to $359.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, SunTrust Banks reduced their price target on shares of Anthem to $300.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Anthem has a consensus rating of “Buy” and a consensus target price of $324.87.

In related news, SVP Ronald W. Penczek sold 763 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $279.00, for a total transaction of $212,877.00. Following the completion of the transaction, the senior vice president now owns 2,295 shares of the company’s stock, valued at $640,305. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas C. Zielinski sold 8,826 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $283.92, for a total transaction of $2,505,877.92. Following the transaction, the executive vice president now directly owns 33,183 shares of the company’s stock, valued at approximately $9,421,317.36. The disclosure for this sale can be found here. In the last three months, insiders sold 11,245 shares of company stock valued at $3,174,155. Company insiders own 0.17% of the company’s stock.

A number of hedge funds have recently modified their holdings of ANTM. Advisors Asset Management Inc. raised its position in shares of Anthem by 35.3% in the 4th quarter. Advisors Asset Management Inc. now owns 12,273 shares of the company’s stock worth $3,223,000 after acquiring an additional 3,202 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Anthem by 41.2% in the 4th quarter. Private Advisor Group LLC now owns 3,366 shares of the company’s stock worth $885,000 after acquiring an additional 982 shares in the last quarter. Stephens Inc. AR raised its position in shares of Anthem by 4.4% in the 4th quarter. Stephens Inc. AR now owns 8,509 shares of the company’s stock worth $2,235,000 after acquiring an additional 355 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Anthem by 112.2% in the 4th quarter. Eagle Asset Management Inc. now owns 26,154 shares of the company’s stock worth $6,868,000 after acquiring an additional 13,826 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Anthem by 8.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,222 shares of the company’s stock worth $12,927,000 after acquiring an additional 3,752 shares in the last quarter. 87.12% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ANTM opened at $282.21 on Friday. Anthem has a 12-month low of $227.16 and a 12-month high of $317.99. The stock has a market capitalization of $71.61 billion, a P/E ratio of 17.76, a PEG ratio of 0.98 and a beta of 0.74. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The firm has a 50-day simple moving average of $278.11.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, June 7th. Anthem’s dividend payout ratio is presently 20.14%.

Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

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Earnings History and Estimates for Anthem (NYSE:ANTM)

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