Wall Street brokerages expect that Athene Holding Ltd (NYSE:ATH) will post sales of $1.27 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Athene’s earnings, with the highest sales estimate coming in at $1.27 billion and the lowest estimate coming in at $1.26 billion. Athene posted sales of $893.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 42.2%. The business is scheduled to report its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Athene will report full year sales of $5.21 billion for the current year, with estimates ranging from $5.06 billion to $5.29 billion. For the next financial year, analysts expect that the business will report sales of $5.63 billion, with estimates ranging from $5.37 billion to $5.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Athene.

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

ATH has been the subject of several analyst reports. Zacks Investment Research downgraded Athene from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Wells Fargo & Co reaffirmed a “buy” rating and issued 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 issued 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 reissued a “buy” rating on shares of Athene in a report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Athene has a consensus rating of “Buy” and an average target price of $56.52.

In other news, insider Frank Lauren Gillis sold 19,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $41.88, for a total value of $816,660.00. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. Over the last three months, insiders sold 58,500 shares of company stock valued at $2,516,865. Corporate insiders own 8.46% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Athene by 0.7% during the third quarter. Vanguard Group Inc. now owns 12,955,764 shares of the insurance provider’s stock valued at $669,296,000 after acquiring an additional 84,095 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Athene by 0.7% in the 3rd 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 in the last quarter. BlackRock Inc. grew its stake in shares of Athene by 2.0% in the 4th quarter. BlackRock Inc. now owns 8,996,678 shares of the insurance provider’s stock worth $358,337,000 after buying an additional 179,620 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Athene by 1.0% in the 4th quarter. California Public Employees Retirement System now owns 8,652,105 shares of the insurance provider’s stock worth $374,845,000 after buying an additional 89,162 shares in the last quarter. Finally, CI Investments Inc. purchased a new position in shares of Athene in the 4th quarter worth $285,245,000. 72.57% of the stock is owned by institutional investors.

Shares of ATH opened at $43.78 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 0.39 and a beta of 0.84. Athene has a 52-week low of $37.20 and a 52-week high of $53.92.

About Athene

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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Earnings History and Estimates for Athene (NYSE:ATH)

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