$1.72 Earnings Per Share Expected for Athene Holding Ltd (ATH) This Quarter

Analysts expect Athene Holding Ltd (NYSE:ATH) to report $1.72 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Athene’s earnings, with the highest EPS estimate coming in at $1.75 and the lowest estimate coming in at $1.68. Athene reported earnings per share of $1.21 in the same quarter last year, which suggests a positive year over year growth rate of 42.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that Athene will report full year earnings of $7.39 per share for the current financial year, with EPS estimates ranging from $7.18 to $7.55. For the next financial year, analysts forecast that the company will report earnings of $8.31 per share, with EPS estimates ranging from $8.09 to $8.55. Zacks’ EPS calculations are an average based on a survey of research firms that follow Athene.

Athene (NYSE:ATH) last issued its quarterly earnings data on Monday, February 25th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Athene had a return on equity of 13.41% and a net margin of 16.31%.

Several research analysts recently issued reports on the company. Zacks Investment Research lowered Athene from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Wells Fargo & Co reaffirmed a “buy” rating and set a $53.00 target price on shares of Athene in a research report on Tuesday, February 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 target price on shares of Athene in a research report on Wednesday, January 9th. BMO Capital Markets reaffirmed a “hold” rating on shares of Athene in a research report on Monday, January 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Athene in a research report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $56.52.

Shares of NYSE ATH traded up $0.03 during mid-day trading on Monday, reaching $40.80. 1,070,371 shares of the company were exchanged, compared to its average volume of 1,553,602. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $8.00 billion, a P/E ratio of 7.01, a price-to-earnings-growth ratio of 0.35 and a beta of 0.86. Athene has a 1 year low of $37.20 and a 1 year high of $53.92.

In other news, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $41.88, for a total value of $816,660.00. Following the transaction, the insider now directly owns 207,213 shares of the company’s stock, valued at $8,678,080.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.46% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Athene by 0.7% in the third quarter. Vanguard Group Inc. now owns 12,955,764 shares of the insurance provider’s stock worth $669,296,000 after buying an additional 84,095 shares during the last quarter. Vanguard Group Inc boosted its position in Athene by 0.7% during the third quarter. Vanguard Group Inc now owns 12,955,764 shares of the insurance provider’s stock worth $669,296,000 after purchasing an additional 84,095 shares in the last quarter. BlackRock Inc. boosted its position in Athene by 2.0% during the fourth quarter. BlackRock Inc. now owns 8,996,678 shares of the insurance provider’s stock worth $358,337,000 after purchasing an additional 179,620 shares in the last quarter. California Public Employees Retirement System boosted its position in Athene by 1.0% during the fourth quarter. California Public Employees Retirement System now owns 8,652,105 shares of the insurance provider’s stock worth $374,845,000 after purchasing an additional 89,162 shares in the last quarter. Finally, CI Investments Inc. purchased a new position in Athene during the fourth quarter worth approximately $285,245,000. Hedge funds and other institutional investors own 72.57% of the company’s stock.

About Athene

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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Earnings History and Estimates for Athene (NYSE:ATH)

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