AFLAC Incorporated (NYSE:AFL) Expected to Announce Quarterly Sales of $5.49 Billion

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Brokerages expect AFLAC Incorporated (NYSE:AFL) to announce sales of $5.49 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for AFLAC’s earnings, with the lowest sales estimate coming in at $5.36 billion and the highest estimate coming in at $5.56 billion. AFLAC posted sales of $5.59 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.8%. The company is expected to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that AFLAC will report full-year sales of $21.92 billion for the current fiscal year, with estimates ranging from $21.49 billion to $22.36 billion. For the next fiscal year, analysts forecast that the firm will report sales of $21.90 billion, with estimates ranging from $21.37 billion to $22.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover AFLAC.

AFLAC (NYSE:AFL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.46 billion. AFLAC had a net margin of 14.26% and a return on equity of 13.49%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS.

A number of equities analysts recently issued reports on AFL shares. Raymond James raised their price objective on shares of AFLAC from $55.00 to $56.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 30th. ValuEngine downgraded shares of AFLAC from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Zacks Investment Research downgraded shares of AFLAC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. UBS Group dropped their price objective on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Finally, Barclays raised their price objective on shares of AFLAC from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 22nd. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $50.64.

In other AFLAC news, Director Toshihiko Fukuzawa sold 1,500 shares of AFLAC stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $51.00, for a total transaction of $76,500.00. Following the transaction, the director now owns 12,816 shares of the company’s stock, valued at $653,616. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karole Lloyd purchased 2,000 shares of the stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of $49.83 per share, for a total transaction of $99,660.00. Following the acquisition, the director now directly owns 22,160 shares of the company’s stock, valued at $1,104,232.80. The disclosure for this purchase can be found here. Insiders have sold 177,332 shares of company stock worth $9,078,988 in the last ninety days. Insiders own 1.30% of the company’s stock.

Large investors have recently modified their holdings of the business. Rowland & Co. Investment Counsel ADV raised its position in shares of AFLAC by 0.4% during the first quarter. Rowland & Co. Investment Counsel ADV now owns 48,355 shares of the financial services provider’s stock valued at $2,418,000 after buying an additional 205 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of AFLAC by 0.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 83,461 shares of the financial services provider’s stock valued at $4,173,000 after buying an additional 219 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of AFLAC by 4.0% during the fourth quarter. Johnson Financial Group Inc. now owns 6,310 shares of the financial services provider’s stock valued at $287,000 after buying an additional 240 shares during the last quarter. Community Financial Services Group LLC raised its position in shares of AFLAC by 5.0% during the first quarter. Community Financial Services Group LLC now owns 5,250 shares of the financial services provider’s stock valued at $263,000 after buying an additional 250 shares during the last quarter. Finally, Linscomb & Williams Inc. raised its position in shares of AFLAC by 3.0% during the first quarter. Linscomb & Williams Inc. now owns 8,631 shares of the financial services provider’s stock valued at $432,000 after buying an additional 250 shares during the last quarter. 66.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of AFL traded up $0.42 on Wednesday, reaching $55.34. The company’s stock had a trading volume of 1,338,745 shares, compared to its average volume of 2,655,804. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $40.67 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.70 and a beta of 0.71. AFLAC has a 12-month low of $41.45 and a 12-month high of $55.31.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, May 21st. AFLAC’s dividend payout ratio is currently 25.96%.

AFLAC Company Profile

Aflac Incorporated, through its subsidiaries, 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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Earnings History and Estimates for AFLAC (NYSE:AFL)

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