Aetna Inc. (AET) to Release Earnings on Thursday
Aetna Inc. (NYSE:AET) is scheduled to be posting its quarterly earnings results on Thursday, August 3rd. Analysts expect Aetna to post earnings of $2.34 per share for the quarter. Aetna has set its FY17 guidance at $8.80-9.00 EPS.
Aetna (NYSE:AET) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $2.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.35. Aetna had a return on equity of 17.75% and a net margin of 1.84%. The business had revenue of $15.17 billion for the quarter, compared to analysts’ expectations of $15.39 billion. During the same quarter in the previous year, the business posted $2.30 EPS. Aetna’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts expect Aetna to post $8.99 EPS for the current fiscal year and $9.97 EPS for the next fiscal year.
Aetna Inc. (AET) opened at 155.69 on Thursday. The company has a market cap of $51.64 billion, a PE ratio of 47.48 and a beta of 0.54. The stock’s 50 day moving average price is $152.61 and its 200 day moving average price is $136.39. Aetna Inc. has a 12-month low of $104.59 and a 12-month high of $157.55.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, July 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, July 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Aetna’s dividend payout ratio is presently 62.31%.
A number of research firms have recently weighed in on AET. Deutsche Bank AG raised their target price on Aetna from $144.00 to $157.00 and gave the company a “hold” rating in a report on Thursday, July 13th. Credit Suisse Group restated an “outperform” rating and issued a $165.00 target price (up previously from $160.00) on shares of Aetna in a report on Thursday, July 13th. BidaskClub lowered Aetna from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Tuesday, July 4th. Finally, Citigroup Inc. initiated coverage on Aetna in a research report on Wednesday, June 28th. They set a “buy” rating and a $180.00 price target for the company. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $152.84.
In other news, EVP Margaret M. Mccarthy sold 27,028 shares of Aetna stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $149.23, for a total value of $4,033,388.44. Following the completion of the transaction, the executive vice president now directly owns 33,563 shares in the company, valued at $5,008,606.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark T. Bertolini sold 103,547 shares of Aetna stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $140.79, for a total value of $14,578,382.13. Following the completion of the transaction, the chairman now owns 659,888 shares of the company’s stock, valued at $92,905,631.52. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.
Aetna Company Profile
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.
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