$23.33 Billion in Sales Expected for Anthem Inc (ANTM) This Quarter

Brokerages expect that Anthem Inc (NYSE:ANTM) will post $23.33 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Anthem’s earnings, with estimates ranging from $22.85 billion to $23.64 billion. Anthem reported sales of $22.45 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is expected to announce its next earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Anthem will report full-year sales of $91.64 billion for the current financial year, with estimates ranging from $90.88 billion to $92.17 billion. For the next year, analysts forecast that the company will post sales of $98.27 billion, with estimates ranging from $96.33 billion to $100.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Anthem.

Anthem (NYSE:ANTM) last released its quarterly earnings results on Wednesday, October 31st. The company reported $3.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.11. The company had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $22.85 billion. Anthem had a return on equity of 13.99% and a net margin of 4.98%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.65 EPS.

A number of brokerages have issued reports on ANTM. Credit Suisse Group raised their price target on Anthem from $311.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. BMO Capital Markets lifted their price objective on Anthem from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, November 1st. Cantor Fitzgerald restated a “buy” rating and set a $275.00 price objective on shares of Anthem in a report on Thursday, October 25th. Citigroup lifted their price objective on Anthem from $290.00 to $292.00 and gave the stock a “neutral” rating in a report on Tuesday, November 6th. Finally, Jefferies Financial Group lifted their price objective on Anthem from $323.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $300.33.

In related news, EVP Thomas C. Zielinski sold 7,826 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $289.71, for a total transaction of $2,267,270.46. Following the completion of the transaction, the executive vice president now owns 29,466 shares in the company, valued at approximately $8,536,594.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julie A. Hill sold 500 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $287.25, for a total value of $143,625.00. Following the transaction, the director now owns 34,327 shares of the company’s stock, valued at approximately $9,860,430.75. The disclosure for this sale can be found here. Insiders sold a total of 20,826 shares of company stock valued at $5,815,620 over the last quarter. Company insiders own 0.31% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd boosted its position in Anthem by 138.2% during the 3rd quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock worth $22,004,000 after acquiring an additional 46,590 shares during the period. Visionary Asset Management Inc. acquired a new position in Anthem during the 3rd quarter worth $223,000. Diligent Investors LLC acquired a new position in Anthem during the 3rd quarter worth $200,000. Advisors Asset Management Inc. boosted its position in Anthem by 48.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 15,646 shares of the company’s stock worth $2,353,000 after acquiring an additional 5,086 shares during the period. Finally, Partner Fund Management L.P. boosted its position in Anthem by 7.0% during the 2nd quarter. Partner Fund Management L.P. now owns 707,244 shares of the company’s stock worth $168,345,000 after acquiring an additional 46,374 shares during the period. Institutional investors and hedge funds own 87.12% of the company’s stock.

Shares of ANTM traded down $6.88 during trading hours on Wednesday, hitting $280.53. 1,675,489 shares of the company were exchanged, compared to its average volume of 1,329,885. The company has a market cap of $74.34 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.40 and a beta of 0.85. Anthem has a 52 week low of $215.52 and a 52 week high of $300.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 1.53.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, December 5th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.07%. Anthem’s dividend payout ratio (DPR) is 24.92%.

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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