Aetna Inc. (AET) Issues FY14 Earnings Guidance
Aetna Inc. (NYSE:AET) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of at least $6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.29, Analyst Ratings News reports.
Aetna Inc. (NYSE:AET) opened at 66.89 on Thursday. Aetna Inc. has a 52-week low of $46.04 and a 52-week high of $72.16. The stock’s 50-day moving average is $68.85 and its 200-day moving average is $65.64. The company has a market cap of $24.582 billion and a price-to-earnings ratio of 13.80.
Aetna (NYSE:AET) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.36 by $0.02. The company had revenue of $13.13 billion for the quarter, compared to the consensus estimate of $13.14 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 46.7% on a year-over-year basis. Analysts expect that Aetna Inc. will post $5.87 EPS for the current fiscal year.
A number of research firms have recently commented on AET. Analysts at Credit Suisse upgraded shares of Aetna from a neutral rating to an outperform rating in a research note to investors on Thursday, January 9th. They now have a $83.00 price target on the stock, up previously from $69.00. On a related note, analysts at Barclays raised their price target on shares of Aetna from $75.00 to $80.00 in a research note to investors on Wednesday, January 8th. They now have an overweight rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Aetna from $71.00 to $75.00 in a research note to investors on Friday, December 13th. They now have an outperform rating on the stock. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $74.00.
Aetna Inc (NYSE:AET) is a diversified healthcare benefits company.
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