UnitedHealth Group Incorporated (NYSE:UNH) is reporting third quarter financial results on Wednesday 14th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, UNH is expected to report 3Q20 income of $ 3.09 per share from revenue of $ 63964.90 million.
For the full year, analysts anticipate top line of $ 255652.00 million, while looking forward to income of $ 16.58 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 262,000.00 million ~ $ 262,000.00 million, where as bottomline are predicted in a range of $ 16.25 ~ $ 16.55 per share
Click Here For More Historical Outlooks Of UnitedHealth Group Incorporated
Previous Quarter Performance
UnitedHealth Group Incorporated came out with income for the second quarter of $ 6.91 per share, from the revenue of $ 62,138.00 million, On adjusted basis, UNH reported income for the quarter of $ 7.12 per share. The quarterly earnings improved 102.05 percent while revenues boosted 2.55 percent compared with the same quarter last year. According to street consensus, UNH was expected to report 2Q20 income of $ 5.18 per share from revenue of $ 63432.00 million. The bottom line results beat street analysts by $ 1.94 or 37.45 percent, at the same time, top line results fell short of analysts by $ 1 million or 2.04 percent.
Stock Performance
Shares of UnitedHealth Group Incorporated traded up $ 1.45 or 0.44 percent on Tuesday, reaching $ 331.42 with volume of 2.62 million shares. UnitedHealth Group Incorporated has traded high as $ 333.70 and has cracked $ 327.71 on the downward trend
According to the previous trading day, closing price of $ 331.42, representing a 75.78 % increase from the 52 week low of $ 187.72 and a 1.12 % decrease over the 52 week high of $ 333.70.
The company has a market capital of $ 314.96 billion and is part of the Healthcare sector and Health Care Plans industry.
Recent Analyst recommendations
- On 28th August 2020, maintained by Bank of America at Buy rating, with $ 365.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.25 per share on August 5, 2020. The dividend were payable on September 22, 2020 to holders of record as of the close of business on September 14, 2020 and ex-dividend date on September 11, 2020.
Conference Call
UnitedHealth Group Incorporated will be hosting a conference call at 8:45 AM eastern time on 14th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.unitedhealthgroup.com
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Childrens Health Insurance Program, and health care programs; and health and dental benefits.
