UnitedHealth Group Inc (UNH) Releases Earnings Results, Beats Expectations By $0.09 EPS

UnitedHealth Group Inc (UNH) reported quarterly earnings results on Tuesday, Apr-19-2016. The company said it had a profit of $1.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $1.72. The company posted revenue of $44527.00 million in the period, compared to analysts expectations of $44278.96 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Many Wall Street Analysts have commented on UnitedHealth Group Inc. Company shares were Reiterated by Mizuho on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $131 .

UnitedHealth Group Inc opened for trading at $126.88 and hit $128.03 on the upside on Monday, eventually ending the session at $127.81, with a gain of 0.38% or 0.48 points. The heightened volatility saw the trading volume jump to 27,17,440 shares. Company has a market cap of $121,506 M.

In a different news, on Mar 15, 2016, Gail R Wilensky (director) sold 5,420 shares at $124.51 per share price. According to the SEC, on Mar 8, 2016, D Ellen Wilson (EVP Human Capital) sold 4,113 shares at $121.51 per share price. On Feb 5, 2016, Richard T Burke (director) sold 50,000 shares at $113.69 per share price, according to the Form-4 filing with the securities and exchange commission.

UnitedHealth Group Incorporated is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace including payers care providers employers Governments life sciences companies and consumers. The Company’s business platforms have four segments: UnitedHealthcare OptumHealth OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual UnitedHealthcare Medicare & Retirement UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical emotional and financial needs of individuals. OptumInsight provides technology operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.

UnitedHealth Group Inc

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