Aflac Incorporated (NYSE:AFL) is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.13 per share.
For the full year, analysts predict revenues of $ 21737.80 million, while looking forward to income of $ 4.67 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.32 ~ $ 4.52 per share
Click Here For More Historical Outlooks Of Aflac Incorporated
Previous Quarter Performance
Aflac Incorporated recorded income for the second quarter of $ 1.28 per share, from the revenue of $ 5,407.00 million. The quarterly earnings gained 13.27 percent while revenues down 1.89 percent compared with the same quarter last year.
Street analysts expected Aflac Incorporated to report income of $ 1.07 per share on revenue of $ 5481.86 million for the second quarter. The bottom line results beat street analysts by $ 0.21 or 19.63 percent, at the same time, top line results fell short of analysts by $ 74.86 million or 1.37 percent.
Stock Performance
Shares of Aflac Incorporated traded up $ 0.34 or 0.91 percent on Friday, reaching $ 37.85 with volume of 2.39 million shares. Aflac Incorporated has traded high as $ 38.03 and has cracked $ 37.45 on the downward trend
According to the previous trading day, closing price of $ 37.85, representing a 62.59 % increase from the 52 week low of $ 23.07 and a 31.89 % decrease over the 52 week high of $ 55.07.
The company has a market capital of $ 26.98 billion and is part of the Financial sector and Accident & Health Insurance industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 46.00 target price.
- On 22nd September 2020, maintained by Credit Suisse Group at Neutral rating, with $ 40.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.28 per share on July 28, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 19, 2020 and ex-dividend date on August 18, 2020.
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.
