Equities research analysts expect that Athene Holding Ltd (NYSE:ATH) will post $1.81 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Athene’s earnings, with estimates ranging from $1.79 to $1.83. Athene posted earnings per share of $1.95 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.2%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, November 5th.
On average, analysts expect that Athene will report full year earnings of $7.06 per share for the current fiscal year, with EPS estimates ranging from $7.00 to $7.15. For the next year, analysts expect that the firm will post earnings of $7.92 per share, with EPS estimates ranging from $7.84 to $8.00. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Athene.
Athene (NYSE:ATH) last released its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.14. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.28 billion. Athene had a return on equity of 12.84% and a net margin of 16.27%. Athene’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS.
A number of equities research analysts recently commented on ATH shares. Royal Bank of Canada restated a “hold” rating on shares of Athene in a research report on Thursday, July 18th. Wells Fargo & Co decreased their price target on Athene from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. BMO Capital Markets set a $68.00 price objective on Athene and gave the stock a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley reduced their price objective on Athene from $56.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Finally, UBS Group reduced their price objective on Athene from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $53.90.
NYSE ATH traded up $0.44 during trading hours on Thursday, reaching $40.74. 16,101 shares of the company’s stock were exchanged, compared to its average volume of 1,835,495. The stock has a market cap of $7.41 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00. Athene has a one year low of $36.00 and a one year high of $49.60. The firm has a fifty day moving average of $40.49 and a 200-day moving average of $41.91. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.08.
In other news, Director Lawrence Ruisi sold 8,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $39.24, for a total value of $313,920.00. Following the transaction, the director now owns 56,970 shares of the company’s stock, valued at approximately $2,235,502.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.00, for a total value of $741,000.00. Following the completion of the transaction, the insider now directly owns 167,817 shares in the company, valued at approximately $6,377,046. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,500 shares of company stock worth $2,212,480. Company insiders own 8.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Signaturefd LLC raised its stake in Athene by 15.2% during the 3rd quarter. Signaturefd LLC now owns 7,905 shares of the insurance provider’s stock worth $332,000 after buying an additional 1,045 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Athene by 32.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,718 shares of the insurance provider’s stock worth $366,000 after buying an additional 2,116 shares during the period. DNB Asset Management AS raised its stake in Athene by 3.2% during the 3rd quarter. DNB Asset Management AS now owns 48,724 shares of the insurance provider’s stock worth $2,049,000 after buying an additional 1,492 shares during the period. Fox Run Management L.L.C. acquired a new stake in Athene during the 3rd quarter worth $339,000. Finally, Cerebellum GP LLC raised its stake in Athene by 25.0% during the 3rd quarter. Cerebellum GP LLC now owns 9,966 shares of the insurance provider’s stock worth $419,000 after buying an additional 1,996 shares during the period. 70.73% of the stock is currently owned by institutional investors.
Athene Company Profile
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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