Ahead of an investor conference on Wednesday, health benefits provider Aetna Inc. (AET) reaffirmed its fiscal 2012 outlook as well as update current and future business operations.
The Hartford, Connecticut-based company says that it expects to report full-year 2012 earnings of $5.10 per share. For the full-year 2013 Aetna expects earnings per share to be at least $5.40.
The company also expects 2012 revenue to be $35.5 billion while 2013 revenue is estimated to show roughly 9% growth compared to 2012.
All of these numbers are calculated without factoring in the proposed purchase of Coventry Health that has yet to be finalized.
Aetna shares were up 52 cents, or +1.17%, in premarket trading on Wednesday.
The Bottom Line
Shares of Aetna (AET) have a 1.80% dividend yield, based on last night’s closing stock price of $44.48. The stock has technical support in the $39-$40 price area. If the shares can firm up, we see overhead resistance around the $46-$47 price levels.
Aetna Inc. (AET) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.