WellPoint Inc. (WLP) Issues FY13 Earnings Guidance
WellPoint Inc. (NYSE:WLP) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $8.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.30, Stock Ratings Network.com reports.
Shares of WellPoint Inc. (NYSE:WLP) opened at 86.71 on Tuesday. WellPoint Inc. has a 52-week low of $53.69 and a 52-week high of $90.00. The stock has a 50-day moving average of $86.38 and a 200-day moving average of $76.65. The company has a market cap of $25.923 billion and a price-to-earnings ratio of 9.45.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, July 24th. The company reported $2.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.09 by $0.51. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter in the prior year, the company posted $2.04 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts expect that WellPoint Inc. will post $8.26 EPS for the current fiscal year.
A number of analysts have recently weighed in on WLP shares. Analysts at Deutsche Bank reiterated a hold rating on shares of WellPoint (NYSE:WLP) in a research note to investors on Thursday, August 15th. They now have a $88.00 price target on the stock, up previously from $86.00. On a related note, analysts at Zacks upgraded shares of WellPoint (NYSE:WLP) from a neutral rating to an outperform rating in a research note to investors on Tuesday, July 30th. They now have a $103.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of WellPoint (NYSE:WLP) from $67.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a neutral rating on the stock.
One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $87.65.
In other WellPoint news, CFO Wayne S. Deveydt sold 165,576 shares of WellPoint stock on the open market in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $87.54, for a total value of $14,494,523.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States, serving 34.
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