AFLAC Drops After Investors Presentation

The market is down again today thanks to trade tensions with China. Yesterday, the S&P 500 had its worst day in nearly two months. In fact, the loss was twice as much as the second-worst day. Today’s drop could be even larger.

Yesterday’s ISM Manufacturing report was not terribly good. The number came in at 48.1 which was below expectations. Any reading below 50 signals a contraction, so that means that the factory sector of the economy is no longer growing.

Shares of AFLAC (AFL) fell yesterday and today. The company held an investor presentation yesterday. The duck gave its outlook for 2020. AFLAC said it sees earnings of $4.39 to $4.59 if the yen averages 105 for the year. But if the yen averages 110, then AFLAC sees earnings of $4.30 to $4.50. If the yen trades at 115, then AFLAC sees earnings of $4.23 to $4.43 per share.

In simple terms, AFLAC basically sees flat earnings for next year. That’s really about their poor performance but a tougher environment.

Posted by on December 3rd, 2019 at 12:25 pm


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