Aflac Inc. (NYSE:AFL) shares, rose in value, with the stock price up by 0.96% to the previous day’s close as strong demand from buyers drove the stock to $84.37.
Actively observing the price movement in the last trading, the stock closed the session at $83.57. The value of beta (5-year monthly) was 0.90 whereas the PE ratio was 10.89 over 12-month period. Referring to stock’s 52-week performance, its high was $86.20, and the low was $60.20. On the whole, AFL has fluctuated by 6.91% over the past month.
With the market capitalization of Aflac Inc. currently standing at about $48.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024. The company’s Forward Dividend Ratio is 1.76, with its dividend yield at 2.09%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.59, which is expected to increase to $1.66 for fiscal year $6.46 and then to about $6.92 by fiscal year 2025. Data indicates that the EPS growth is expected to be 3.70% in 2025, while the next year’s EPS growth is forecast to be 7.10%.
Analysts have estimated the company’s revenue for the quarter at $4.29 billion, with a low estimate of $3.97 billion and a high estimate of $4.46 billion. According to the average forecast, sales growth in current quarter could jump down -10.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $17.35 billion, representing a decrease of -7.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that AFL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.47, with the price of AFL currently trading nearly 4.17% and 3.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.09, while the 7-day volatility ratio is showing 1.59% which for the 30-day chart, stands at 1.39%. Furthermore, Aflac Inc. (AFL)’s beta value is 0.90, and its average true range (ATR) is 1.30.
A comparison of Aflac Inc. (AFL) with its peers suggests the former has fared considerably weaker in the market. AFL showed an intraday change of 0.96% in last session, and over the past year, it grew by 37.77%%.
Data on historical trading for Aflac Inc. (NYSE:AFL) indicates that the trading volumes over the past 10 days have averaged 2.05 million and over the past 3 months, they’ve averaged 2.21 million. According to company’s latest data on outstanding shares, there are 578.48 million shares outstanding.
Nearly 9.85% of Aflac Inc.’s shares belong to company insiders and institutional investors own 60.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.77 million shares as on Feb 29, 2024, resulting in a short ratio of 3.58. According to the data, the short interest in Aflac Inc. (AFL) stood at 1.69% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 10.19 million. The stock has risen by 2.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AFL stock heading into the next quarter.
