Leerink Partners Raises Price Target on Anthem (ANTM) to $160 Following 3Q EPS Miss
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Anthem (ANTM) PT Trimmed to $160 at UBS
November 3, 2016 8:21 AM EDTUBS analyst A.J. Rice reiterated a Buy rating and lowered his price target on Anthem (NYSE: ANTM) to $160.00 (from $162.00).
Rice commented, "Anthem expects its 2017 earnings to grow modestly versus its 2016 EPS outlook of "approximately" $10.80. In 2017, the company sees tailwinds to its earnings... More
Anthem says it may trim Obamacare participation in 2018
November 2, 2016 10:46 AM EDTBy Caroline Humer and Ankur Banerjee
(Reuters) - U.S. health insurer Anthem Inc (NYSE: ANTM) on Wednesday raised the prospect of smaller participation in the individual Obamacare exchanges in 2018, saying it would have a market-by-market strategy that hinges on 2017 profitability.
The company said that losses due to sicker-than-expected customers in its individual Obamacare plans were a bit less than foreseen in the third quarter and that it was planning for a slight profit in that business next year.
For 2018, it is targeting 2018 profit margins in the low- to mid-single-digits from the individual business.... More
Anthem (ANTM) Misses Q3 EPS by 2c
November 2, 2016 6:22 AM EDTAnthem (NYSE: ANTM) reported Q3 EPS of $2.45, $0.02 worse than the analyst estimate of $2.47. Revenue for the quarter came in at $21.13 billion versus the consensus estimate of $20.77 billion.
Membership: Medical enrollment totaled approximately 39.9 million members at September 30, 2016, an increase of approximately 1.2 million members, or 3.1 percent, from 38.7... More
Trading Radar for 11/2: Facebook (FB), Qualcomm (QCOM), Alibaba (BABA), Yelp (YELP), Allstate (ALL), Fitbit (FIT) Report
November 1, 2016 2:56 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:15am EDT
Earnings:
1-800-FLOWERS.com (NYSE: FLWS) - consensus loss $0.23
Alibaba (NYSE: BABA) - consensus EPS $0.69
Alkermes plc (Nasdaq: ALKS) - consensus loss $0.06
Allergan (NYSE: AGN) - consensus EPS $3.65
AmerisourceBergen (NYSE: ABC) - consensus EPS... More
