Aetna (AET) to Release Earnings on Tuesday

Aetna (NYSE:AET) is set to release its earnings data before the market opens on Tuesday, October 30th. Analysts expect Aetna to post earnings of $2.85 per share for the quarter.

Aetna (NYSE:AET) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.39. Aetna had a return on equity of 20.66% and a net margin of 5.77%. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $15.59 billion. During the same period in the prior year, the business earned $3.42 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect Aetna to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

AET opened at $195.29 on Friday. Aetna has a 12-month low of $164.52 and a 12-month high of $206.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $64.19 billion, a PE ratio of 19.81, a PEG ratio of 1.68 and a beta of 0.69.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Wednesday, October 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, October 23rd. Aetna’s payout ratio is currently 20.28%.

A number of research firms have recently issued reports on AET. Credit Suisse Group upped their price objective on Aetna from $202.00 to $207.00 and gave the stock a “neutral” rating in a report on Monday, October 22nd. Cantor Fitzgerald reiterated a “buy” rating and issued a $202.00 price objective on shares of Aetna in a report on Thursday, August 2nd. Finally, Zacks Investment Research cut Aetna from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $205.17.

Aetna Company Profile

Aetna Inc operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.

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Earnings History for Aetna (NYSE:AET)

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