CIGNA Co. (CI) Updates FY12 Earnings Guidance
CIGNA Co. (CI) issued an update on its FY12 earnings guidance on Thursday morning. The company provided EPS guidance of $5.70-5.90 for the period.
Shares of CIGNA Co. (CI) traded up 3.10% during mid-day trading on Thursday, hitting $52.58. CIGNA Co. (CI) has a 52 week low of $39.01 and a 52 week high of $49.89. The company has a market cap of $15.162 billion and a P/E ratio of 11.31.
CIGNA last announced its earnings results on Thursday, November 1st. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.35. The company had revenue of $7.36 billion for the quarter, compared to the consensus estimate of $6.63 billion. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Analysts expect that CIGNA Co. (CI) will post $5.54 EPS for the current fiscal year.
Several analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an outperform rating on shares of CIGNA in a research note to investors on Thursday. They now have a $55.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of CIGNA in a research note to investors on Thursday, October 4th. They now have a $51.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a market perform rating on shares of CIGNA in a research note to investors on Thursday, September 20th.
CIGNA Corporation (CIGNA) is a holding company. CIGNA is a global health service organization with subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services.
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