Equities Analysts Offer Predictions for Aetna Inc’s Q1 2018 Earnings (AET)
Aetna Inc (NYSE:AET) – Equities researchers at Leerink Swann issued their Q1 2018 earnings estimates for Aetna in a report released on Wednesday. Leerink Swann analyst A. Gupte expects that the company will earn $2.95 per share for the quarter. Leerink Swann also issued estimates for Aetna’s Q2 2018 earnings at $3.33 EPS, Q3 2018 earnings at $2.75 EPS, Q4 2018 earnings at $1.67 EPS and FY2021 earnings at $13.79 EPS.
A number of other research firms also recently weighed in on AET. Credit Suisse Group boosted their target price on shares of Aetna from $200.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Citigroup downgraded shares of Aetna from a “buy” rating to a “neutral” rating and upped their price target for the company from $187.89 to $212.00 in a report on Wednesday, January 31st. Cowen reiterated a “buy” rating and set a $212.00 price target on shares of Aetna in a report on Tuesday, January 30th. Piper Jaffray Companies reiterated a “buy” rating and set a $212.00 price target on shares of Aetna in a report on Tuesday, January 30th. Finally, Deutsche Bank upgraded shares of Aetna from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $212.00 in a report on Monday, January 22nd. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Aetna has a consensus rating of “Buy” and an average target price of $189.50.
Aetna (NYSE:AET) last posted its earnings results on Tuesday, January 30th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Aetna had a net margin of 3.15% and a return on equity of 21.50%. The firm had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same period in the previous year, the firm posted $0.08 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in AET. Intact Investment Management Inc. purchased a new stake in Aetna in the 3rd quarter valued at about $223,000. Westpac Banking Corp boosted its position in Aetna by 168.2% in the 3rd quarter. Westpac Banking Corp now owns 56,726 shares of the company’s stock valued at $9,020,000 after buying an additional 35,573 shares during the period. Canada Pension Plan Investment Board boosted its position in Aetna by 17.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 740,833 shares of the company’s stock valued at $117,800,000 after buying an additional 112,700 shares during the period. IFP Advisors Inc boosted its position in Aetna by 58.7% in the 3rd quarter. IFP Advisors Inc now owns 6,443 shares of the company’s stock valued at $1,024,000 after buying an additional 2,384 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in Aetna in the 3rd quarter valued at about $207,000. 84.88% of the stock is owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, April 12th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $2.00 annualized dividend and a yield of 1.13%. Aetna’s dividend payout ratio (DPR) is 33.06%.
Aetna Company Profile
Aetna Inc is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. It offers a range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, medical management capabilities, Medicaid healthcare management services, Medicare Advantage and Medicare Supplement plans, workers’ compensation administrative services and health information technology (HIT) products and services.
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