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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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March 25, 2015
07:38 EDTAETPrice targets raised for Managed Care Organizations at UBS
UBS raised its price targets on the Managed Care Organizations in their coverage universe. The firm cites increased volumes, a lack of new legislation, the potential for industry consolidation, and limited exposure to international markets that face a weak macro economic backdrop. UBS raised its price target on Aetna (AET) to $128 from $120, Anthem (ANTM) to $175 from $163, Cigna (CI) to $149 from $140 and United Health (UNH) to $135 from $131. UBS has a Buy rating on all four stocks.
March 20, 2015
08:18 EDTAETLeerink healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Gupte discusses Sustainable Growth Rate (SGR) and the proposed pay-fors and implications For Healthcare Services on an Analyst/Industry conference call to be held on March 20 at 11 am.
March 19, 2015
10:02 EDTAETOn The Fly: Analyst Upgrade Summary
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08:20 EDTAETAetna upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Aetna to Buy from Neutral. The firm says that the company is the best-positioned name within the large-cap health plan space , a defensive sector that has little exposure to Europe and reasonable growth prospects, according to the firm.
06:19 EDTAETAetna upgraded to Buy from Neutral at Sterne Agee
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March 18, 2015
12:46 EDTAETAetna, HackensackAlliance ACO announce collaboration
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