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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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November 21, 2014
16:36 EDTAETMarket ends week higher as domestic data, foreign central banks boost shares
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14:27 EDTAETAetna raises quarterly dividend 11%, authorizes additional $1B share buyback
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14:26 EDTAETAetna raises quarterly dividend 11%, authorizes additional $1B share buyback
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November 17, 2014
07:16 EDTAETMilken Institute--Faster Cures to hold a conference
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November 12, 2014
08:58 EDTAETManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
08:02 EDTAETCredit Suisse to hold a conference
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07:55 EDTAETAetna to reaffirm FY14 operating EPS view $6.60-$6.70, consensus $6.68
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November 11, 2014
12:55 EDTAETWorkarounds to likely protect insurers from Supreme Court decision, says Wedbush
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November 10, 2014
10:06 EDTAETAetna selected for new Louisiana Medicaid contract
Aetna Better Health of Louisiana, an Aetna health plan established to administer managed Medicaid services in Louisiana, has been selected by the State Department of Health & Hospitals to provide access to health care for eligible Louisianans. The three-year contract is scheduled to take effect Feb. 1, 2015.
08:46 EDTAETAetna price target raised to $99 from $90 at Jefferies
Jefferies raised its price target for Aetna shares to $99 after meeting with management and keeps a Buy rating on the stock. The firm believes Aetna's 2015 earnings growth can top the consensus of 10%.

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