UnitedHealth: upgrades EPS target range
(CercleFinance.com) - On the back of a solid first half of the year, and confidence in the rest of 2019, UnitedHealth Group upgrades its adjusted EPS target range for the entire year to between 14.
70 and 14.90 dollars, compared to 14.50 to 14.75 dollars in preceding estimates.
The health insurance and services giant has reached an adjusted EPS up 15% to 3.60 dollars for the second quarter, surpassing analysts' average estimates by 15 cents, with revenues on the rise by 8% to 60.6 billion.
The group explains that this increase in revenue is driven by two-figure growth in its UnitedHealthcare Medicare & Retirement, OptumRx and OptumHealth subsidiaries. Its net margin also improved by 0.2 points to 5.4%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
70 and 14.90 dollars, compared to 14.50 to 14.75 dollars in preceding estimates.
The health insurance and services giant has reached an adjusted EPS up 15% to 3.60 dollars for the second quarter, surpassing analysts' average estimates by 15 cents, with revenues on the rise by 8% to 60.6 billion.
The group explains that this increase in revenue is driven by two-figure growth in its UnitedHealthcare Medicare & Retirement, OptumRx and OptumHealth subsidiaries. Its net margin also improved by 0.2 points to 5.4%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.