Analysts Expect Athene Holding Ltd (NYSE:ATH) Will Announce Quarterly Sales of $1.28 Billion

Equities analysts forecast that Athene Holding Ltd (NYSE:ATH) will announce sales of $1.28 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Athene’s earnings, with the highest sales estimate coming in at $1.29 billion and the lowest estimate coming in at $1.26 billion. Athene reported sales of $1.20 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 18th.

According to Zacks, analysts expect that Athene will report full-year sales of $5.11 billion for the current fiscal year, with estimates ranging from $5.10 billion to $5.13 billion. For the next financial year, analysts expect that the company will post sales of $5.41 billion, with estimates ranging from $5.33 billion to $5.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Athene.

A number of equities research analysts have recently issued reports on ATH shares. SunTrust Banks reduced their price target on shares of Athene to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Zacks Investment Research raised shares of Athene from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 7th. TheStreet raised shares of Athene from a “c” rating to a “b-” rating in a research note on Monday, December 9th. Finally, ValuEngine cut shares of Athene from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $53.00.

Shares of ATH stock traded up $0.48 during midday trading on Monday, reaching $48.28. 1,374,214 shares of the company traded hands, compared to its average volume of 1,159,881. The firm’s 50 day simple moving average is $46.26 and its two-hundred day simple moving average is $43.10. Athene has a 1-year low of $36.00 and a 1-year high of $48.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $8.83 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.47 and a beta of 1.05.

In other news, Director Lawrence Ruisi sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $47.83, for a total transaction of $382,640.00. Following the completion of the transaction, the director now directly owns 52,125 shares of the company’s stock, valued at approximately $2,493,138.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 7.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ATH. Tower Research Capital LLC TRC grew its stake in Athene by 142.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,324 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 779 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Athene in the 4th quarter worth approximately $80,000. Meeder Asset Management Inc. boosted its holdings in shares of Athene by 8,332.1% in the 4th quarter. Meeder Asset Management Inc. now owns 2,361 shares of the insurance provider’s stock valued at $111,000 after purchasing an additional 2,333 shares during the last quarter. Cowen Prime Services LLC acquired a new position in shares of Athene in the 4th quarter valued at $118,000. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of Athene in the 4th quarter valued at $141,000. 70.11% of the stock is owned by hedge funds and other 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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