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Stock Market & Financial Investment News

News Breaks
July 28, 2014
14:58 EDTAETEarnings Preview: Aetna shares up 16% since last earnings report
Aetna (AET) is scheduled to report second quarter earnings before the market open on Tuesday, July 29, with a conference call scheduled for 8:30 am ET. Aetna operates as a diversified health care benefits company in the United States. EXPECTATIONS: Analysts are looking for earnings per share of $1.60 on revenue of $13.99B, according to First Call. The consensus range for EPS is $1.50-$1.77 on revenue of $13.23B-$14.51B. LAST QUARTER: On April 24, Aetna reported first quarter EPS of $1.98 against estimates of $1.56 on revenue of $13.99B against estimates of $13.72B. Aetna said operating revenues for Q1 were $14B compared with $9.5B in Q1 of the previous year. The 47% increase in operating revenues was primarily the result of higher Health Care premiums from the acquisition of Coventry and pricing actions designed to recover Health Care Reform mandated fees and taxes as well as membership growth in our underlying Health Care businesses. STREET RESEARCH: On June 10, Credit Suisse said meetings with Aetna management were upbeat and reinforced its positive view. Management noted cost trends remained muted and were optimistic on Community Health integration, public/private exchanges and M&A. Shares are Outperform rated with a price target of $90. PRICE ACTION: Shares of Aetna are up more than 16% since its last earnings report. Shares are 1.7% higher today in afternoon trading ahead of tomorrow's earnings report.
News For AET From The Last 14 Days
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July 30, 2015
10:00 EDTAETOn The Fly: Analyst Upgrade Summary
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06:31 EDTAETAetna upgraded to Buy from Neutral at BofA/Merrill
July 29, 2015
07:33 EDTAETHumana sees Aetna transaction closing in 2H16
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July 27, 2015
13:24 EDTAETRegulators to consider 'too big to fail' in health insurance reviews, CTFN says
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08:10 EDTAETLeerink sees at least 60% chance of Anthem, Cigna deal being approved
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July 26, 2015
18:22 EDTAETMedia reports say Teva to buy Allergan unit as it looks beyond Mylan
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July 22, 2015
08:43 EDTAETAetna positioned to report good Q2 results, says BMO Capital
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