Aetna Inc (AET) Issues FY14 Earnings Guidance
Aetna Inc (NYSE:AET) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.35-6.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.46, Analyst Ratings Network reports.
A number of analysts have recently weighed in on AET shares. Analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of Aetna in a research note on Tuesday, June 3rd. They now have a $81.00 price target on the stock, up previously from $78.00. On a related note, analysts at Cantor Fitzgerald raised their price target on shares of Aetna from $75.00 to $85.00 in a research note on Monday, June 2nd. They now have a hold rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Aetna from $76.00 to $87.00 in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Aetna has a consensus rating of Buy and an average target price of $80.18.
Shares of Aetna Inc (NYSE:AET) opened at 80.27 on Wednesday. Aetna Inc has a 52-week low of $60.32 and a 52-week high of $80.32. The stock has a 50-day moving average of $74.85 and a 200-day moving average of $71.29. The company has a market cap of $28.688 billion and a price-to-earnings ratio of 13.94.
Aetna (NYSE:AET) last released its earnings data on Thursday, April 24th. The company reported $1.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.55 by $0.43. The company had revenue of $13.97 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter last year, the company posted $1.50 earnings per share. Aetna’s revenue was up 46.9% compared to the same quarter last year. Analysts expect that Aetna Inc will post $6.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, July 8th.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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