WellPoint (WLP) Issues FY12 Earnings Guidance
WellPoint (WLP) issued an update on its FY12 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.30-7.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.42.
Shares of WellPoint (WLP) opened at 59.74 on Tuesday. WellPoint (WLP) has a one year low of $52.52 and a one year high of $74.73. The stock’s 50-day moving average is currently $58.23. The company has a market cap of $18.140 billion and a P/E ratio of 7.92.
WellPoint last issued its quarterly earnings data on Wednesday, November 7th. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.84 by $0.25. The company had revenue of $15.13 billion for the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in 2012, the company posted $1.77 earnings per share. WellPoint’s revenue was down .1% compared to the same quarter last year. WellPoint has set its FY12 guidance at $7.30-7.40 EPS. On average, analysts predict that WellPoint (WLP) will post $7.46 earnings per share for the current fiscal year.
WLP has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a hold rating on shares of WellPoint in a research note to investors on Friday. They now have a $64.00 price target on the stock. On a related note, analysts at Deutsche Bank downgraded shares of WellPoint from a buy rating to a hold rating in a research note to investors on Thursday, January 3rd. They now have a $68.00 price target on the stock, down previously from $72.00. Finally, analysts at Credit Suisse downgraded shares of WellPoint from an outperform rating to a neutral rating in a research note to investors on Wednesday, January 2nd. They now have a $65.00 price target on the stock.
Seven investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, twelve have issued a hold rating, and one has assigned an underweight rating to the company’s stock. WellPoint currently has an average rating of overweight and an average price target of $67.64.
WellPoint, Inc. (WellPoint) is a health benefit company in terms of medical membership in the United States, serving 34.
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