Over the past 12 fiscal quarters, Aflac Incorporated (NYSE:AFL) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. Shares of Aflac Incorporated (AFL) have gained 5.9% since the company’s Mar-19 earnings report.AFL last reported earnings on October 24, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.03 per share, -74.19% change on the same period last year. That was better than consensus for $0.99. Revenue for the recent quarter stood at $5.49 billion, down 0% on last year and above the $5.45 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.28 billion to $5.59 billion, which should be compared with $0 generated last year. EPS is seen in a range of $1.04 to $1.09, against the $0.91 reported a year ago.
AFL’s 50 day simple moving average (SMA 50) price is $44.34 and its 200-day simple moving average (SMA 200) price is $45.03. The company’s stock currently has a total float of 744.27M shares. Its weekly volatility is hovering around 1.62% and felt 2.37% volatility in price over a month. On the upside, the share price will test short term resistance at around $46.03. On a downside, the stock is likely to find some support, which begins at $45.37. The failure to get near-term support could push it to $44.96.
Separately, it has been reported that multiple insider activity took place at Aflac Incorporated (AFL). Exec. Vice President Daniels James Todd sold 3,400 shares for $14,668 in transaction occurred on 2018/12/21. After making this transaction, the Exec. Vice President owns a direct stake of 150,076 shares, worth $671,354, as per the last closing price. On 2018/12/20 Williams Richard Jr, Executive V.P. at AFL, dumped 1,129 shares at an average price of $43.97 per share. The selling total is valued at $667,189.
Director, Johnson Douglas Wayne had divested 2,000 shares for $29,859 through a trade on 2018/09/13. Following this activity, the insider holds 93,040 shares worth $1,366,646 as of recent close. Wall Street’s most bullish Aflac Incorporated (NYSE:AFL) analysts are predicting the share price to blow past $53 per share during the next 12 months. The current median share price forecast by them is $47, suggesting that the stock could increase 2.69% in that time frame. The average price target of $46.86 calls for a nearly 2.38% increase in the stock price.
It had seen a negative analyst call from JP Morgan, which downgraded the stock from Overweight to Neutral on January 02. Analysts at Sandler O’Neill, shed their negative views on August 01 by lifting it fromHold to Buy. Analysts at Credit Suisse, made their first call about the stock on April 25, recommending it is Neutral.
When looking at valuations, Aflac Incorporated (AFL) has a cheap P/E of 11.69x as compared to industry average of 13.42x. Moreover, it trades for 10.94 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.51x price/book and 1.6x price/sales. Compared to others, Aflac Incorporated is in a different league with regards to profitability, having net margins of 22.5%. To put some perspective around this, the industry’s average net margin is 5.95%. AFL’s ROE is 20.8%, which is also considerably better than the industry’s ROE of 6.76%.
Aflac Incorporated (NYSE:AFL) recently claimed $35.31B as the price has approached $45.77. There came a 1.26% growth with the closing bell on Thursday. The stock remained range bound between $45.22 and $45.88. Trading activity significantly weakened as the volume at ready counter decreased to 3,709,469 shares versus 4,359,100 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,958,714 shares. The stock is now 10.53% above against its bear-market low of $41.41 on February 09, 2018. It has retreated -5.29% since it’s 52-week high of $48.19 reached in September. Now the market price is up 1.71% on the year and up 0.46% YTD.