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Stock Market & Financial Investment News

News Breaks
March 21, 2014
11:30 EDTESRX, WLP, CNC, CI, MOHAnalyst sees Express Scripts benefiting from WellPoint member growth
After health insurer WellPoint (WLP) estimated that the number of people using its health insurance would rise by 1M-1.3M this year, Citigroup expects Express scripts to benefit from the increase. WHAT'S NEW: WellPoint announced that it expects its medical member base to rise by 1M-1.3M in 2014. The company also increased its 2014 earnings per share guidance to at least $8.20 per share, up from $8. In a note to investors earlier today, Citigroup analyst Garen Sarafian wrote that WellPoint had increased the outlook for its medical membership base from previous levels and that the insurer now predicts that the number of its medical members will rise by 3%-4% in 2014. Express Scripts, which provides pharmacy benefit management services for WellPoint, obtained over 12% of its 2013 revenue from WellPoint, the analyst stated. WellPoint's stronger than expected growth could lift Express Script's 2014 earnings per share by up to 7c, wrote Sarafian. He kept a $92 price target and Buy rating on Express Script. PRICE ACTION: In late morning trading, Express Scripts lost 0,4% to $77.65 and WellPoint added 0.7% to $100.45. WHAT'S NOTABLE: Other health insurers are rising in the wake of WellPoint's announcement, with Centene (CNC), Cigna (CI), and Molina (MOH) all higher by about 1%.
News For ESRX;WLP;CNC;CI;MOH From The Last 14 Days
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October 30, 2014
06:02 EDTCICigna sees FY14 adjusted EPS $7.25-$7.45, consensus $7.35
Sees FY14 projected lgobal medical customer growth of 1%-2%.
06:01 EDTCICigna reports Q3 adjusted EPS $1.95, consensus $1.83
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October 29, 2014
15:41 EDTCINotable companies reporting before tomorrow's open
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08:20 EDTCNCCentene price target raised to $112 from $105 at Susquehanna
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06:04 EDTWLPWellPoint sees medical membership in FY14 to be 37.2M-37.3M
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06:03 EDTWLPWellPoint reports medical enrollment up 0.7% or 259K to 37.5M as of September 30
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06:02 EDTWLPWellPoint sees FY14 EPS excl. items $8.75-$8.85, consensus $8.72
Sees FY14 revenue $73.25B-$73.5B, consensus $73.5B
06:01 EDTWLPWellPoint reports Q3 adjusted EPS $2.36, consensus $2.27
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October 28, 2014
16:07 EDTESRXExpress Scripts sees Q4 adjusted EPS $1.36-$1.40, consensus $1.38
Sees Q4 adjusted claims 317M-337M.
16:06 EDTESRXExpress Scripts narrows FY14 EPS view to $4.86-$4.90, consensus $4.88
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16:05 EDTESRXExpress Scripts reports Q3 adjusted EPS $1.29, consensus $1.29
Reports Q3 revenue $25.78B, consensus $24.93B. Reports Q3 adjusted claims 328.3M.
15:44 EDTWLPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.
10:29 EDTCNCCentene management to meet with Oppenheimer
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08:49 EDTWLPWellPoint volatility elevated into Q3 and outlook
WellPoint October weekly call option implied volatility is at 63, November is at 30, December is at 26, January is at 25; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
06:19 EDTCNCCentene backs FY14 EPS view of $4.35-$4.50, consensus $3.83
Sees FY14 Premium and Service Revenues $15.3B-$15.8B.
06:16 EDTCNCCentene reports Q3 EPS $1.34, consensus 96c
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October 27, 2014
06:14 EDTCNCCentene subsidiary recommended for contract award by Louisiana DHH
Centene announced that its wholly-owned Louisiana subsidiary, Louisiana Healthcare Connections, has been recommended for a contract award by the Louisiana Department of Health and Hospitals, or DHH, to serve its Bayou Health, or Medicaid, beneficiaries. A contract is contingent upon successful negotiations with DHH and approval by the Division of Administration and by the Centers for Medicare and Medicaid Services, or CMS, Regional Office. The new Bayou Health contract is expected to commence in early 1Q15. Under the new contract, Louisiana Healthcare Connections expects to serve 320,000-350,000 Medicaid beneficiaries on an at-risk basis via a network of 10,500 primary care providers and specialists. This expansion will more than double annual revenues for Louisiana Healthcare Connections.
October 26, 2014
12:49 EDTCNCCentene announces new claims processing facility
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October 22, 2014
09:23 EDTESRXExpress Scripts getting more aggressive on pricing, says Cleveland Research
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October 20, 2014
13:01 EDTWLPWellPoint renews agremeent with Healthways to continue SilverSneakers program
SilverSneakers Fitness program will continue to be available to most members of WellPoint’s (WLP) affiliated Medicare Advantage plans as a result of its renewed agreement with Healthways (HWAY), which administers the popular program. SilverSneakers offers fitness programs geared toward older adults, including strength training and aerobic and flexibility exercises. The program offers WellPoint affiliated Medicare Advantage members full memberships at participating fitness facilities nationwide at no extra cost.
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