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February 7, 2014
11:03 EDTMOH, WLP, CI, UNH, HS, AGP, HUM, AET, WCG, CNC, HNTCigna tumbles after profit forecast trails estimates
Shares of global health service company Cigna (CI) are falling after the company reported mixed fourth quarter results, and issued a disappointing profit forecast for fiscal 2014. WHAT'S NEW: This morning, Cigna reported Q4 adjusted earnings per share of $1.39 and revenue of $8.15B, against consensus views of $1.57 and $8.09B, respectively. The company forecast FY14 profit of $6.80-$7.20, significantly trailing analysts’ expectations of $7.31. The company expects FY14 global medical customer growth of 1%-2%, and sees continued growth in targeted customer segments. ANALYST REACTON: This morning, research firm Susquehanna downgraded Cigna to Neutral from Positive due to lower profits in both its Healthcare and Supplemental Benefits segments, and Q4 pressures in Medicare Advantage. The firm cut its price target on the shares to $77 from $102. PRICE ACTION: In morning trading, Cigna is down $8.10, or 9.5%, to $77.27 on nearly twice its average daily trading volume. Despite the slide, the stock is up over 26% in the past twelve months. OTHERS TO WATCH: Other publicly traded companies in the healthcare space include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).
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April 29, 2015
06:13 EDTHUMHumana increases quarterly dividend to 29c from 28c
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06:12 EDTHUMHumana reports Individual Medicare Advantage membership was 2.69M as of March 31
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06:10 EDTHUMHumana reports Q1 adjusted EPS $2.47, consensus $2.56
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06:08 EDTHUMHumana backs 2015 individual Medicare Advantage membership 300K-350K
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06:07 EDTHUMHumana backs FY15 adjusted EPS $8.50-$9.00, consensus $8.87
The company’s 2015 EPS estimate reflects expected strong growth and operating efficiencies in the company’s Medicare offerings, year-over-year improvement in the Healthcare Services businesses, break-even results in its HumanaOne business and reduced investment spending in state-based contracts, partially offset by the tax implications of the expected increase in the non-deductible health insurance industry fee.
06:07 EDTHUMHumana reports Q1 adjusted EPS $2.47, consensus $2.56
Reports Q1 GAAP EPS $2.82, which includes 35c per share tax benefit related to pending sale of Concentra. Reports Q1 pretax income of $744M.
April 28, 2015
15:07 EDTHUMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 80c... Time Warner (TWX), consensus $1.09... Mondelez (MDLZ), consensus 38c... NextEra Energy (NEE), consensus $1.27... General Dynamics (GD), consensus $1.95... Lumber Liquidators (LL), consensus 16c... Southern Co (SO), consensus 58c... Anthem (ANTM), consensus $2.66... Praxair (PX), consensus $1.44... Norfolk Southern (NSC), consensus $1.00... Eaton (ETN), consensus 98c... Thomson Reuters (TRI), consensus 45c... Franklin Resources (BEN), consensus 86c... Northrop Grumman (NOC), consensus $2.27... Hilton Worldwide (HLT), consensus 12c... Exelon (EXC), consensus 69c... Humana (HUM), consensus $2.56... International Paper (IP), consensus 80c... Hess (HES), consensus ($1.05)... Level 3 Communications (LVLT), consensus 33c... Starwood Hotels & Resorts (HOT), consensus 57c... Ametek (AME), consensus 63c... Garmin (GRMN), consensus 57c... Quintiles Transnational (Q), consensus 71c... New York Community Bancorp (NYCB), consensus 26c... Spirit Aerosystems (SPR), consensus 92c... Spirit Airlines (SAVE), consensus 96c... Brunswick (BC), consensus 61c... KBR (KBR), consensus 17c... Linn Energy (LINE), consensus (20c)... Cullen/Frost Bankers (CFR), consensus $1.09... WEX (WEX), consensus 99c... RPC (RES), consensus 11c... Hercules Offshore (HERO), consensus (38c).
08:46 EDTAETOn The Fly: Pre-market Movers
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06:06 EDTCNCCentene sees FY15 EPS $2.60-$2.72, consensus $2.63
Sees FY15 premium and service revenues $20.5B-$21B.
06:05 EDTAETAetna reports total medical membership totaled 23.67M at March 31, 2015
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06:05 EDTCNCCentene reports Q1 EPS 52c, consensus 48c
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06:04 EDTAETAetna reports Q1 Health Care business operating earnings $835.6M
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06:02 EDTAETAetna raises FY15 operating EPS to $7.20-$7.40 from at least $7.00
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06:02 EDTAETAetna reports Q1 operating EPS $2.39, consensus $1.95
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April 27, 2015
15:04 EDTCNC, AETNotable companies reporting before tomorrow's open
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13:27 EDTAETAetna technical comments ahead of earnings
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13:15 EDTAETEarnings Watch: Aetna to report Q1 results amid continued membership growth
Aetna (AET) is scheduled to report first quarter earnings before the market open on Tuesday, April 28 with a conference call scheduled for 8:00 am ET. Aetna operates as a diversified health care benefits company in the United States. The company operates in three segments: Health Care, Group Insurance, and Large Case Pensions. EXPECTATIONS: Analysts are looking for earnings per share of $1.95 on revenue of $15.46B, according to First Call. The consensus range for EPS is $1.87-$2.13 on revenue of $15.08B-$16.0B. LAST QUARTER: Aetna reported fourth quarter EPS of $1.22, which was in-line with consensus estimates, on revenue of $14.77B against estimates of $14.6B. The company raised its fiscal 2015 EPS view to at least $7.00, against consensus estimates at the time of $7.16. "Aetna achieved record annual operating revenue and operating earnings in 2014, and delivered full-year operating earnings per share at the high end of our most recent projection," said Aetna chairman and CEO Mark Bertolini. "Our 2014 operating earnings-per-share results represent an increase of more than 7% over 2013 and a compound annualized growth rate of 15% since 2010. We also ended the year serving more than 23.5M medical members, an increase of approximately 1.4M members from 2013." STREET RESEARCH: On March 19, 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. On March 12, Argus increased its price target on Aetna to $115 from $103 after Aetna's Q4 membership growth exceeded its prior targets. The firm said it thinks the company will deliver sustained membership and revenue growth in 2015. It kept a Buy rating on the stock. PRICE ACTION: Aetna shares are up approximately 17% since the company's last earnings report on February 3 and are down over 1% in afternoon trading ahead of Tuesday morning's earnings.
08:04 EDTCNCCentene appoint Ken Yamaguchi to EVP and Chief Medical Officer
Centene announced the appointment of Ken Yamaguchi to Executive Vice President and Chief Medical Officer, effective immediately. Yamaguchi currently is the Sam & Marilyn Fox Distinguished Professor of Orthopaedic Surgery at Washington University and will continue in that role as part-time faculty. Centene also announced the appointment of Mary Mason to Senior Vice President and Chief Medical Officer of Specialty Companies.
April 22, 2015
08:31 EDTHUMHumana realigns financial reporting segments
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April 21, 2015
09:02 EDTHUMHumana at Home acquires Your Home Advantage, terms not disclosed
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