UnitedHealth Group (NYSE:UNH) Updates FY 2019 Earnings Guidance

UnitedHealth Group (NYSE:UNH) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $14.70-14.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $14.70. UnitedHealth Group also updated its FY19 guidance to $14.70-14.90 EPS.

Shares of NYSE UNH opened at $256.65 on Friday. The firm’s fifty day moving average price is $249.00. UnitedHealth Group has a 1-year low of $208.07 and a 1-year high of $287.94. The company has a market capitalization of $247.66 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.39 and a beta of 0.61. The company has a current ratio of 0.67, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.14. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The business had revenue of $60.60 billion during the quarter, compared to analyst estimates of $60.59 billion. During the same period in the prior year, the company earned $3.14 earnings per share. UnitedHealth Group’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that UnitedHealth Group will post 14.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 17th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.68%. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, June 14th. UnitedHealth Group’s dividend payout ratio is 33.54%.

UNH has been the subject of several research reports. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a buy rating in a report on Friday, July 12th. Cleveland Research reissued a buy rating on shares of UnitedHealth Group in a report on Monday, July 15th. Barclays set a $24.00 price objective on Tenet Healthcare and gave the company a hold rating in a report on Wednesday, April 17th. SunTrust Banks reduced their price objective on UnitedHealth Group to $300.00 and set a buy rating for the company in a report on Wednesday, April 17th. They noted that the move was a valuation call. Finally, Citigroup reissued a buy rating on shares of Healthequity in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $296.56.

In related news, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $239.02, for a total transaction of $1,195,100.00. Following the completion of the sale, the director now owns 77,993 shares of the company’s stock, valued at $18,641,886.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard T. Burke sold 10,000 shares of UnitedHealth Group stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $248.00, for a total value of $2,480,000.00. Following the sale, the director now directly owns 187,663 shares of the company’s stock, valued at approximately $46,540,424. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock valued at $8,392,500 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

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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Earnings History and Estimates for UnitedHealth Group (NYSE:UNH)

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