Wall Street analysts predict that UnitedHealth Group Inc (NYSE:UNH) will announce earnings of $3.47 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for UnitedHealth Group’s earnings, with the lowest EPS estimate coming in at $3.40 and the highest estimate coming in at $3.50. UnitedHealth Group reported earnings of $3.14 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10.5%. The business is expected to issue its next earnings report before the market opens on Thursday, July 18th.
According to Zacks, analysts expect that UnitedHealth Group will report full year earnings of $14.71 per share for the current fiscal year, with EPS estimates ranging from $14.64 to $14.86. For the next fiscal year, analysts anticipate that the business will report earnings of $16.63 per share, with EPS estimates ranging from $16.20 to $16.98. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover UnitedHealth Group.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.13. UnitedHealth Group had a net margin of 5.45% and a return on equity of 25.07%. The business had revenue of $60.30 billion during the quarter, compared to analysts’ expectations of $59.72 billion. During the same period last year, the firm posted $3.04 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis.
In related news, Director Richard T. Burke sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $229.75, for a total value of $2,297,500.00. Following the completion of the sale, the director now owns 187,663 shares in the company, valued at approximately $43,115,574.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Wichmann purchased 20,000 shares of UnitedHealth Group stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $231.79 per share, with a total value of $4,635,800.00. Following the transaction, the chief executive officer now owns 904,367 shares in the company, valued at approximately $209,623,226.93. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 35,000 shares of company stock valued at $8,392,500. 0.87% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in UnitedHealth Group by 3.1% in the 4th quarter. BlackRock Inc. now owns 69,831,381 shares of the healthcare conglomerate’s stock worth $17,396,391,000 after buying an additional 2,123,417 shares in the last quarter. FMR LLC lifted its position in UnitedHealth Group by 1.9% in the 4th quarter. FMR LLC now owns 64,480,003 shares of the healthcare conglomerate’s stock worth $16,063,258,000 after buying an additional 1,232,189 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in UnitedHealth Group by 50,446.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,349,795 shares of the healthcare conglomerate’s stock worth $214,000 after buying an additional 53,244,249 shares in the last quarter. Northern Trust Corp lifted its position in UnitedHealth Group by 2.5% in the 4th quarter. Northern Trust Corp now owns 11,669,246 shares of the healthcare conglomerate’s stock worth $2,907,043,000 after buying an additional 288,199 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in UnitedHealth Group by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 11,593,401 shares of the healthcare conglomerate’s stock worth $2,882,988,000 after buying an additional 965,763 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.
UNH stock opened at $244.01 on Friday. UnitedHealth Group has a 12 month low of $208.07 and a 12 month high of $287.94. The firm has a market capitalization of $234.11 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.32 and a beta of 0.66. The company’s 50 day simple moving average is $244.90. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 17th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from UnitedHealth Group’s previous quarterly dividend of $0.90. UnitedHealth Group’s dividend payout ratio is 33.54%.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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