Aetna Inc. (AET) Issues FY14 Earnings Guidance
Aetna Inc. (NYSE:AET) issued an update on its FY14 earnings guidance on Monday morning. The company provided EPS guidance of at least $6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.36, Analyst Ratings Network reports.
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald raised their price target on shares of Aetna to $75.00 in a research note on Monday, February 10th. On a related note, analysts at Zacks reiterated a neutral rating on shares of Aetna in a research note on Friday, February 7th. They now have a $71.00 price target on the stock. Finally, analysts at Leerink Swann upgraded shares of Aetna from a market perform rating to an outperform rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aetna presently has a consensus rating of Buy and an average price target of $74.55.
Aetna Inc. (NYSE:AET) opened at 70.43 on Monday. 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 $68.84 and its 200-day moving average is $65.. The company has a market cap of $25.510 billion and a P/E ratio of 13.11.
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 last year, the company posted $0.94 earnings per share. Aetna’s revenue was up 46.7% compared to the same quarter last year. Analysts expect that Aetna Inc. will post $6.37 EPS for the current fiscal year.
In other Aetna news, VP Rajan Parmeswar sold 3,600 shares of the stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.46, for a total value of $250,056.00. Following the sale, the vice president now directly owns 3,829 shares of the company’s stock, valued at approximately $265,962. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Aetna Inc (NYSE:AET) is a diversified healthcare benefits company.
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