Aetna Inc (AET) Expected to Post Q1 2019 Earnings of $3.03 Per Share
Aetna Inc (NYSE:AET) – Investment analysts at Oppenheimer issued their Q1 2019 earnings estimates for Aetna in a report released on Tuesday. Oppenheimer analyst M. Wiederhorn forecasts that the company will post earnings of $3.03 per share for the quarter. Oppenheimer also issued estimates for Aetna’s Q2 2019 earnings at $3.10 EPS, Q3 2019 earnings at $2.94 EPS, Q4 2019 earnings at $2.04 EPS and FY2019 earnings at $11.11 EPS.
Several other research firms have also recently commented on AET. Wells Fargo & Co restated an “outperform” rating and issued a $208.00 target price (up previously from $200.00) on shares of Aetna in a research note on Monday, December 4th. Piper Jaffray Companies upgraded shares of Aetna from a “neutral” rating to an “overweight” rating and set a $136.00 target price for the company in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of Aetna from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Morgan Stanley cut shares of Aetna from an “overweight” rating to an “equal weight” rating and set a $179.00 target price for the company. in a research note on Wednesday, December 20th. Finally, Argus cut shares of Aetna from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a research note on Wednesday, December 6th. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $172.64.
Aetna (NYSE:AET) last released its earnings results on Tuesday, October 31st. The company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.39. Aetna had a net margin of 2.93% and a return on equity of 21.84%. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.12 billion. During the same quarter last year, the business earned $2.07 EPS. The business’s revenue was down 5.0% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, January 11th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, January 10th. Aetna’s dividend payout ratio (DPR) is 36.97%.
Several hedge funds and other institutional investors have recently made changes to their positions in AET. Lloyds Banking Group plc purchased a new position in Aetna during the 3rd quarter valued at about $106,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Aetna during the 3rd quarter valued at about $116,000. Westside Investment Management Inc. increased its holdings in Aetna by 53.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,148 shares of the company’s stock valued at $177,000 after acquiring an additional 400 shares in the last quarter. Phocas Financial Corp. purchased a new position in Aetna during the 2nd quarter valued at about $182,000. Finally, Highstreet Asset Management Inc. increased its holdings in Aetna by 105.5% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,243 shares of the company’s stock valued at $198,000 after acquiring an additional 638 shares in the last quarter. Hedge funds and other institutional investors own 87.69% of the company’s stock.
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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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