Athene Holding Ltd. (NYSE:ATH) is scheduled to report Q3 earnings results before markets open for trading on November 3, 2020.
The company is expected to report earnings of $1.10/share on revenue of $1.379 billion. The consensus earnings per share (EPS) of $1.10/share is based on a poll of 9 analysts and represents a decline in eps of −17.9% over the same quarter last year, when the company reported earnings of $1.34/share.
The revenue forecast of $1.379 billion based on a poll of 5 analysts implies a year-over-year (YoY) growth in revenue of 28.8%. Last year the company reported $1.07 billion in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 5 out of the last 8 tracked quarters, and missed expectations 3 quarters.
What are your expectations from Athene Holding Ltd. for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 4.3%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
|August 5, 2020||$32.61||$34.01||4.3%||Increase|
|May 8, 2020||$24.86||$27.30||9.8%||Increase|
|February 18, 2020||$48.28||$49.30||2.1%||Increase|
|November 5, 2019||$44.94||$43.43||−3.4%||Decline|
Fundamentals And Technical Analysis
Athene Holding Ltd. is currently trading at $31.15/share, down −2.6% for the day. The company is trading at approximately 62.0% of its 52-week high of $50.43/share. The company’s stock price is down −8.4% since the last earnings report and down −8.4% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 28.78 suggests the company is trading in technically oversold territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 12.93 and a forward P/E multiple of 7.07.
Athene Holding Ltd.’s current share price also implies a price-to-book (P/B) multiple of 0.41. The following table summarizes some other key fundamental ratios:
|Last Reported Fiscal Period Key||FY2020.Q2|
|Period End Date||June 30, 2020|
|Stock Price (Current)||$31.15|
|P/E Ratio (Fwd)||7.1x|
|Total Debt / Total Capital||17.7%|
|Levered Free Cash Flow||$2.475 billion|
|Prices To Sales||0.6x|
Athene Holding Ltd. is a mid-cap stock with a market capitalization of $6.21 billion and a total enterprise value of $2.428 billion. The company operates in the Financials sector and the Insurance industry.
Athene Holding Ltd., a retirement services company, issues, reinsures, and acquires retirement savings products for individuals and institutions in the United States and Bermuda. The company provides annuity retirement solutions to its policyholders; and reinsures multi-year guaranteed annuities, fixed indexed annuities, traditional one-year guarantee fixed deferred annuities, immediate annuities, and institutional products. It also offers funding agreements and group annuities. The company was incorporated in 2008 and is headquartered in Pembroke, Bermuda.