CVS Well being Co. (NYSE:CVS – Free Report) – Inventory analysts at Leerink Partnrs lowered their FY2024 earnings per share (EPS) estimates for CVS Well being in a report launched on Monday, November 18th. Leerink Partnrs analyst M. Cherny now expects that the pharmacy operator will earn $5.47 per share for the yr, down from their earlier estimate of $5.62. The consensus estimate for CVS Well being’s present full-year earnings is $5.48 per share. Leerink Partnrs additionally issued estimates for CVS Well being’s This autumn 2024 earnings at $1.24 EPS, Q1 2025 earnings at $1.33 EPS, This autumn 2025 earnings at $1.43 EPS, FY2025 earnings at $6.28 EPS, FY2026 earnings at $7.62 EPS and FY2027 earnings at $8.40 EPS.
CVS has been the subject of a number of different reviews. Truist Monetary lifted their goal value on CVS Well being from $66.00 to $76.00 and gave the inventory a “purchase” score in a report on Friday, October eleventh. Mizuho decreased their value goal on CVS Well being from $73.00 to $66.00 and set an “outperform” score for the corporate in a analysis report on Thursday, October twenty fourth. TD Cowen upgraded shares of CVS Well being from a “maintain” score to a “purchase” score and raised their goal value for the inventory from $59.00 to $85.00 in a report on Friday, October 4th. StockNews.com lower shares of CVS Well being from a “maintain” score to a “promote” score in a report on Thursday, November 14th. Lastly, Wells Fargo & Firm upgraded shares of CVS Well being from an “equal weight” score to an “chubby” score and raised their value goal for the inventory from $60.00 to $66.00 in a report on Monday. One analyst has rated the inventory with a promote score, seven have assigned a maintain score and 13 have given a purchase score to the corporate’s inventory. In line with MarketBeat, the inventory has a consensus score of “Reasonable Purchase” and a median value goal of $72.78.
Learn Our Newest Report on CVS Well being
CVS Well being Buying and selling Down 0.4 %
CVS opened at $55.82 on Tuesday. CVS Well being has a twelve month low of $52.71 and a twelve month excessive of $83.25. The agency has a market cap of $70.24 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.92 and a beta of 0.55. The corporate has a debt-to-equity ratio of 0.80, a fast ratio of 0.59 and a present ratio of 0.80. The agency’s fifty day shifting common is $59.18 and its two-hundred day shifting common is $58.60.
CVS Well being (NYSE:CVS – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, November sixth. The pharmacy operator reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. The enterprise had income of $95.43 billion for the quarter, in comparison with the consensus estimate of $92.72 billion. CVS Well being had a web margin of 1.36% and a return on fairness of 10.72%. CVS Well being’s income for the quarter was up 6.3% on a year-over-year foundation. Throughout the identical interval final yr, the corporate posted $2.21 EPS.
CVS Well being Dividend Announcement
The corporate additionally lately introduced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of document on Monday, October twenty first had been issued a $0.665 dividend. The ex-dividend date was Monday, October twenty first. This represents a $2.66 dividend on an annualized foundation and a dividend yield of 4.77%. CVS Well being’s payout ratio is 67.51%.
Hedge Funds Weigh In On CVS Well being
Quite a few institutional buyers have lately purchased and bought shares of the enterprise. MidAtlantic Capital Administration Inc. purchased a brand new place in shares of CVS Well being within the third quarter valued at about $25,000. Livelsberger Monetary Advisory purchased a brand new stake in CVS Well being through the third quarter value about $31,000. Legacy Funding Options LLC acquired a brand new place in CVS Well being through the third quarter valued at roughly $31,000. Reston Wealth Administration LLC purchased a brand new stake in shares of CVS Well being through the third quarter value $32,000. Lastly, First Neighborhood Belief NA raised its stake in CVS Well being by 116.2% through the second quarter. First Neighborhood Belief NA now owns 562 shares of the pharmacy operator’s inventory value $33,000 after buying an extra 302 shares within the final quarter. Institutional buyers and hedge funds personal 80.66% of the corporate’s inventory.
About CVS Well being
CVS Well being Company gives well being options in the USA. It operates by Well being Care Advantages, Well being Providers, and Pharmacy & Shopper Wellness segments. The Well being Care Advantages section gives conventional, voluntary, and consumer-directed medical health insurance merchandise and associated providers.
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