Equities research analysts forecast that Athene Holding Ltd. (NYSE:ATH) will report $2.24 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Athene’s earnings. The highest EPS estimate is $2.73 and the lowest is $1.81. Athene posted earnings of ($0.60) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 473.3%. The firm is scheduled to report its next quarterly earnings results on Friday, May 14th.
On average, analysts expect that Athene will report full-year earnings of $8.06 per share for the current fiscal year, with EPS estimates ranging from $7.15 to $8.70. For the next year, analysts forecast that the firm will report earnings of $8.85 per share, with EPS estimates ranging from $7.90 to $9.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Athene.
Athene (NYSE:ATH) last posted its quarterly earnings results on Tuesday, February 16th. The insurance provider reported $2.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.25 by $0.60. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion.
A number of research analysts have issued reports on the stock. Wells Fargo & Company reissued an “equal weight” rating and set a $55.00 target price on shares of Athene in a research note on Monday, March 15th. JPMorgan Chase & Co. lowered shares of Athene from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $57.00 to $54.00 in a research note on Monday, April 5th. Morgan Stanley boosted their target price on shares of Athene from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, April 1st. Royal Bank of Canada boosted their target price on shares of Athene from $48.00 to $55.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 6th. Finally, Evercore ISI downgraded shares of Athene from an “outperform” rating to an “in-line” rating and set a $50.00 price target on the stock. in a research report on Friday, January 8th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Athene currently has an average rating of “Buy” and a consensus target price of $52.73.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eaton Vance Management raised its holdings in shares of Athene by 47.2% in the 4th quarter. Eaton Vance Management now owns 150,037 shares of the insurance provider’s stock worth $6,473,000 after purchasing an additional 48,080 shares in the last quarter. Norges Bank bought a new stake in shares of Athene in the 4th quarter worth approximately $60,278,000. UBS Asset Management Americas Inc. raised its holdings in shares of Athene by 1.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 442,951 shares of the insurance provider’s stock worth $19,109,000 after purchasing an additional 4,813 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Athene by 148.0% in the 4th quarter. Hsbc Holdings PLC now owns 35,411 shares of the insurance provider’s stock worth $1,521,000 after purchasing an additional 21,131 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Athene in the 4th quarter worth approximately $346,000. Institutional investors and hedge funds own 91.46% of the company’s stock.
Athene stock traded up $0.58 during midday trading on Friday, reaching $50.45. 1,275,265 shares of the stock traded hands, compared to its average volume of 1,709,483. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $49.09 and a two-hundred day moving average price of $42.76. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 12.74 and a beta of 1.61. Athene has a fifty-two week low of $21.51 and a fifty-two week high of $55.39.
Athene Holding Ltd. is engages in the provision of retirement services. The firm issues, reinsures and acquires retirement savings products and institutional products. It operates through following segments: Retirement Services, and Corporate and Other. The Retirement Services segment is comprised of US and Bermuda operations, which issue and reinsure retirement savings products and institutional products.
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