(UNH) on Thursday reported third-quarter net income of $1.6 billion.
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After $1.64 actual earnings per share reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts -0.61% negative EPS growth.
Tesla Motors, Inc. (TSLA) of the Consumer Goods sector is down -0.11% trading at a volume of 327899 shares.
Optum’s total revenue for the third quarter of 2015 ballooned to $19.3 billion, primarily due to the addition of pharmacy benefits accounts acquired in UnitedHealth’s recently completed $12.8 billion purchase of Catamaran Corp. The company’s 50 day moving average price is $117.68 and its 200 day moving average price is $118.99. That compared to consensus estimates from Thomson Reuters of $1.64 in EPS on revenue of $40.17 billion. Yet the shares dipped as the company’s net profit margin of 3.8% fell 1.1 percentage points from a year earlier…
Revenue increased to $41.5 billion from $32.8 billion past year.
UnitedHealth Group (UNH) is a diversified health and well-being company dedicated to assisting people live healthier lives and assisting to make the health system work better for everyone. Earnings grew 1.2% year over year.
In other UnitedHealth Group news, Director Richard T. Burke sold 50,000 shares of UnitedHealth Group stock in a transaction that occurred on Friday, September 11th.
The stock closed down 1.6 percent on Wednesday at $122.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Citigroup initiated the stock on October 2 with “Buy” rating.
Shares of UnitedHealth, up 21% this year, ticked up 1.2% in light premarket trading.
Out of 4 analysts covering UnitedHealth Group (NYSE:UNH), 4 rate it “Buy”, 0 “Sell”, while 0 “Hold”. Finally, Oppenheimer raised their price target on shares of UnitedHealth Group from $133.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. 15 analysts rated the company as a strong buy. UnitedHealth Group now has an average rating of “Buy” and a consensus target price of $138.39. UnitedHealthcare, the company’s prominent health insurance division, posted a lower operating margin year over year. The Company’s business platforms include UnitedHealthcare and Optum.
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While UnitedHealth is investing in its Optum segment, key rivals like Aetna Inc. and the Blue Cross-Blue Shield insurer Anthem Inc. are digesting multi-billion-dollar acquisitions of other health insurers. OptumHealth is a health and wellness company serving the psychological physical and financial needs of individuals.
