Anthem (NASDAQ:ANTX) Announces Earnings Results

Anthem (NASDAQ:ANTX) released its quarterly earnings results on Monday. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06), FiscalAI reports.

Anthem Stock Down 3.6%

Shares of NASDAQ ANTX traded down $0.16 during trading hours on Wednesday, hitting $4.12. The company had a trading volume of 92,278 shares, compared to its average volume of 1,021,106. Anthem has a 1-year low of $1.00 and a 1-year high of $6.91. The firm’s 50 day moving average is $3.80 and its 200-day moving average is $2.08. The stock has a market capitalization of $148.14 million, a P/E ratio of -3.74 and a beta of -0.95.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ANTX shares. Wall Street Zen raised shares of Anthem from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings began coverage on Anthem in a report on Tuesday, April 7th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Anthem

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products.