$5.48 Billion in Sales Expected for AFLAC Incorporated (AFL) This Quarter

Brokerages forecast that AFLAC Incorporated (NYSE:AFL) will announce $5.48 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for AFLAC’s earnings. The lowest sales estimate is $5.37 billion and the highest is $5.58 billion. AFLAC posted sales of $5.46 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, April 25th.

On average, analysts expect that AFLAC will report full year sales of $21.81 billion for the current year, with estimates ranging from $21.41 billion to $22.23 billion. For the next year, analysts forecast that the business will report sales of $21.87 billion, with estimates ranging from $21.40 billion to $22.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow AFLAC.

AFLAC (NYSE:AFL) last announced its earnings results on Thursday, January 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.08. The company had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.47 billion. AFLAC had a net margin of 13.42% and a return on equity of 13.62%.

Several brokerages have weighed in on AFL. Zacks Investment Research raised shares of AFLAC from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Thursday, January 17th. ValuEngine raised shares of AFLAC from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. SunTrust Banks raised their price objective on shares of AFLAC to $48.00 and gave the company a “hold” rating in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. lowered shares of AFLAC from an “overweight” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. AFLAC currently has a consensus rating of “Hold” and an average price target of $48.67.

In other AFLAC news, insider Masatoshi Koide sold 29,008 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.75, for a total transaction of $1,443,148.00. Following the sale, the insider now owns 64,512 shares of the company’s stock, valued at $3,209,472. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Audrey B. Tillman sold 2,100 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $48.71, for a total transaction of $102,291.00. Following the sale, the insider now directly owns 105,017 shares in the company, valued at approximately $5,115,378.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,244 shares of company stock worth $4,363,557. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AFL. Norges Bank acquired a new position in shares of AFLAC in the 4th quarter valued at $260,062,000. Oregon Public Employees Retirement Fund grew its position in AFLAC by 2,138.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,815,741 shares of the financial services provider’s stock valued at $84,000 after buying an additional 3,645,273 shares during the last quarter. Boston Partners grew its position in AFLAC by 51.4% in the 4th quarter. Boston Partners now owns 4,914,986 shares of the financial services provider’s stock valued at $223,926,000 after buying an additional 1,668,025 shares during the last quarter. BlackRock Inc. grew its position in AFLAC by 3.1% in the 4th quarter. BlackRock Inc. now owns 51,647,878 shares of the financial services provider’s stock valued at $2,353,074,000 after buying an additional 1,557,905 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in AFLAC by 37.2% in the 4th quarter. California Public Employees Retirement System now owns 4,408,196 shares of the financial services provider’s stock valued at $200,837,000 after buying an additional 1,196,113 shares during the last quarter. 68.47% of the stock is currently owned by institutional investors.

Shares of AFL stock opened at $48.76 on Thursday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.35 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 3.44 and a beta of 0.79. AFLAC has a 1-year low of $41.45 and a 1-year high of $50.66.

AFLAC Company Profile

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.

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