Health Net Inc. (HNT) Releases FY13 Earnings Guidance
Health Net Inc. (NYSE:HNT) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $2.10-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.19, Stock Ratings News reports. The company issued revenue guidance of $10.7-11.2 billion, compared to the consensus revenue estimate of $11.05 billion.
HNT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Health Net in a research note to investors on Monday. They now have a $33.00 price target on the stock. On a related note, analysts at Credit Suisse raised their price target on shares of Health Net from $38.00 to $35.00 in a research note to investors on Tuesday, November 19th. They now have a hold rating on the stock. Finally, analysts at Leerink Swann initiated coverage on shares of Health Net in a research note to investors on Monday, November 18th. They set a market perform rating and a $31.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $34.85.
Health Net Inc. (NYSE:HNT) opened at 30.17 on Tuesday. Health Net Inc. has a one year low of $25.13 and a one year high of $33.90. The stock has a 50-day moving average of $29.46 and a 200-day moving average of $30.71. The company has a market cap of $2.399 billion and a price-to-earnings ratio of 15.59.
Health Net (NYSE:HNT) last announced its earnings results on Thursday, November 7th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.23. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Analysts expect that Health Net Inc. will post $2.26 EPS for the current fiscal year.
Health Net, Inc is a managed care company that delivers managed health care services through health plans and government-sponsored managed care plans.
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