UnitedHealth Group Incorporated (NYSE:UNH) is reporting second quarter financial results on Wednesday 15th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, UNH is expected to report 2Q20 income of $ 5.18 per share from revenue of $ 63432.00 million.
For the full year, analysts anticipate top line of $ 258690.00 million, while looking forward to income of $ 16.29 per share bottom line.
Previous Quarter Performance
UnitedHealth Group Incorporated posted income for the first quarter of $ 3.72 per share, from the revenue of $ 64.42 million. The quarterly earnings contracted 0.27 percent while revenues decreased 99.89 percent compared with the same quarter last year.
Street analysts expected UnitedHealth Group Incorporated to report income of $ 3.63 per share on revenue of $ 64318.20 million for the first quarter. The bottom line results beat street analysts by $ 0.09 or 2.48 percent, at the same time, top line results fell short of analysts by $ 64 million or 99.9 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of UNH was $ 308.52, representing a 64.35 % increase from the 52 week low of $ 187.72 and a 2.32 % decrease over the 52 week high of $ 315.84.
The company has a market capital of $ 292.59 billion and is part of the Healthcare sector and Health Care Plans industry.
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Recent Analyst recommendations
On 21st May 2020, maintained by SunTrust Robinson Humphrey at Buy rating, with $ 360.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.25 per share on June 2, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 22, 2020 and ex-dividend date on June 19, 2020.
Conference Call
UnitedHealth Group Incorporated will be hosting a conference call at 8:45 AM eastern time on 15th July 2020, to discuss its 2Q20 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. A replay of the event will be available by calling the dial-in number(s) 1-800-688-7339 Toll Free.
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.
