CVS Health posts second-quarter profit on Aetna strength

10 Août, 2019, 17:39 | Auteur: Yves Courtet
  • CVS Health President and CEO Larry J. Merlo

Robert W. Baird maintained the stock with "Buy" rating in Monday, March 4 report. Strategic Blueprint LLC's holdings in CVS Health were worth $1,491,000 as of its most recent SEC filing. Abacus Planning Group Inc. increased its holdings in CVS Health by 23.1% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 43,953 shares of the pharmacy operator's stock worth $2,395,000 after purchasing an additional 1,900 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of CVS Health by 47.8% in the 2nd quarter. It worsened, as 120 investors sold CVS shares while 415 reduced holdings.

Several brokerages have recently weighed in on CVS. ValuEngine downgraded CVS Health from a "sell" rating to a "strong sell" rating in a report on Tuesday, July 2nd.

CVS Health's pharmacy services segment saw revenues increase 4.2% over the prior year, which it said was due to brand-name drug price inflation as well as increased total pharmacy claims volume, partially offset by continued price compression and an increased generic dispensing rate. Mizuho set a $71.00 price objective on CVS Health and gave the stock a "buy" rating in a report on Wednesday, June 5th.

CVS Health is on track for a much better year than the company thought when it provided full-year 2019 guidance in February. The company has an average rating of "Buy" and an average price target of $76.48. The company has a market capitalization of $77.02 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 1.22 and a beta of 0.90. The company has a 50-day simple moving average of $55.41.

FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.64 and a current ratio of 0.95.

CVS Health (NYSE:CVS) last posted its earnings results on Wednesday, August 7th.

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That translated to adjusted earnings per share of $1.89, which was 20 cents higher than the $1.69 reported a year prior and 17 cents above the high end of the company's guidance, according to a presentation released with the Q2 numbers. The company had revenue of $63.43 billion during the quarter, compared to analyst estimates of $62.66 billion. Johnson Counsel stated it has 0.52% in CVS Health Corporation (NYSE:CVS).

CVS' pharmacy filled 19% more prescriptions this quarter than in the same period a year ago.

CVS Health Corp. posted strong second-quarter earnings that easily beat Street estimates and raised its earnings forecast as it starts to reap the benefits of its acquisition of health insurer Aetna Inc.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, July 25th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. CVS Health's payout ratio is now 28.25%. The Pharmacy Services segment offers pharmacy benefit management solutions, such as plan design and administration, formulary management, Medicare Part D services, mail order, specialty pharmacy and infusion services, retail pharmacy network management services, prescription management systems, clinical services, disease management programs, and medical pharmacy management services.

A number of institutional investors and hedge funds have recently modified their holdings of CVS.

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