UnitedHealth Group (NYSE:UNH) Issues FY 2024 Earnings Guidance

UnitedHealth Group (NYSE:UNH) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 27.500-28.000 for the period, compared to the consensus earnings per share estimate of 27.590. The company issued revenue guidance of -. UnitedHealth Group also updated its FY24 guidance to $27.50-28.00 EPS.

Analyst Ratings Changes

UNH has been the topic of a number of analyst reports. Barclays upped their price objective on UnitedHealth Group from $534.00 to $560.00 and gave the stock an overweight rating in a research note on Wednesday, April 17th. Piper Sandler lifted their price objective on shares of UnitedHealth Group from $566.00 to $571.00 and gave the company an overweight rating in a research report on Wednesday, April 17th. Robert W. Baird initiated coverage on shares of UnitedHealth Group in a research note on Thursday, May 30th. They issued an outperform rating and a $597.00 target price for the company. Truist Financial reissued a buy rating and set a $600.00 price target on shares of UnitedHealth Group in a research report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on UnitedHealth Group from $545.00 to $562.00 and gave the stock a buy rating in a report on Friday, April 19th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $581.44.

UnitedHealth Group Stock Up 6.5 %

Shares of NYSE UNH opened at $548.87 on Wednesday. The stock has a market capitalization of $505.17 billion, a P/E ratio of 33.55, a PEG ratio of 1.52 and a beta of 0.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group has a 52 week low of $436.38 and a 52 week high of $554.70. The stock’s fifty day moving average is $500.96 and its 200 day moving average is $499.77.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, July 16th. The healthcare conglomerate reported $6.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.70 by $0.10. The business had revenue of $98.86 billion for the quarter, compared to analysts’ expectations of $98.73 billion. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $6.14 earnings per share. Sell-side analysts forecast that UnitedHealth Group will post 27.54 earnings per share for the current fiscal year.

UnitedHealth Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 17th were issued a $2.10 dividend. The ex-dividend date was Monday, June 17th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $1.88. UnitedHealth Group’s dividend payout ratio is 51.34%.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.