WellPoint Inc. (WLP) Updates FY13 Earnings Guidance
WellPoint Inc. (NYSE:WLP) updated its FY13 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $8.52 for the period, compared to the Thomson Reuters consensus estimate of $8.52, Stock Ratings Network.com reports.
Shares of WellPoint Inc. (NYSE:WLP) traded down 1.25% on Monday, hitting $90.84. The stock had a trading volume of 1,706,179 shares. WellPoint Inc. has a 1-year low of $60.41 and a 1-year high of $94.36. The stock’s 50-day moving average is $91.04 and its 200-day moving average is $87.29. The company has a market cap of $26.836 billion and a price-to-earnings ratio of 10.00.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, October 23rd. The company reported $2.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.79 by $0.31. The company had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $17.63 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that WellPoint Inc. will post $8.51 EPS for the current fiscal year.
A number of research firms have recently commented on WLP. Analysts at UBS AG raised their price target on shares of WellPoint from $87.00 to $98.00 in a research note to investors on Monday, November 25th. They now have a neutral rating on the stock. On a related note, analysts at Zacks downgraded shares of WellPoint from an outperform rating to a neutral rating in a research note to investors on Friday, November 22nd. They now have a $97.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of WellPoint in a research note to investors on Thursday, November 21st. They set an equal weight rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. WellPoint currently has an average rating of Hold and a consensus price target of $91.75.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States, serving 34.
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