Aetna Inc. (AET) Set to Announce Earnings on Tuesday
Aetna Inc. (NYSE:AET) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Aetna to post earnings of $2.07 per share for the quarter. Aetna has set its FY17 guidance at $9.45-9.55 EPS.
Aetna (NYSE:AET) last announced its earnings results on Thursday, August 3rd. The company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $1.08. Aetna had a return on equity of 20.52% and a net margin of 2.52%. The firm had revenue of $15.52 billion during the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the prior year, the company earned $2.21 EPS. The business’s revenue was down 2.7% compared to the same quarter last year. On average, analysts expect Aetna to post $9.55 EPS for the current fiscal year and $10.16 EPS for the next fiscal year.
Aetna Inc. (NYSE:AET) opened at 159.57 on Tuesday. Aetna Inc. has a 12 month low of $104.59 and a 12 month high of $164.52. The stock has a 50 day moving average price of $158.32 and a 200 day moving average price of $150.48. The company has a market cap of $52.99 billion, a price-to-earnings ratio of 35.42 and a beta of 0.53.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Thursday, October 12th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. Aetna’s payout ratio is 43.67%.
In other news, President Karen S. Lynch sold 15,271 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $161.91, for a total transaction of $2,472,527.61. Following the sale, the president now directly owns 64,261 shares of the company’s stock, valued at approximately $10,404,498.51. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Margaret M. Mccarthy sold 10,288 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $162.85, for a total transaction of $1,675,400.80. Following the sale, the executive vice president now directly owns 33,563 shares in the company, valued at $5,465,734.55. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.
A number of analysts have weighed in on the company. Argus restated a “buy” rating and set a $185.00 target price (up previously from $165.00) on shares of Aetna in a report on Tuesday, September 12th. Citigroup Inc. assumed coverage on Aetna in a report on Wednesday, June 28th. They set a “buy” rating and a $180.00 target price for the company. BidaskClub lowered Aetna from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Morgan Stanley upped their target price on Aetna from $172.00 to $179.00 and gave the stock an “overweight” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded Aetna from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday, July 4th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Aetna presently has an average rating of “Buy” and a consensus price target of $161.83.
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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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