$15.90 Billion in Sales Expected for Humana Inc (HUM) This Quarter
Equities analysts forecast that Humana Inc (NYSE:HUM) will post $15.90 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Humana’s earnings, with estimates ranging from $15.87 billion to $15.97 billion. Humana posted sales of $14.26 billion in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The business is scheduled to issue its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Humana will report full-year sales of $63.75 billion for the current year, with estimates ranging from $63.66 billion to $63.85 billion. For the next year, analysts forecast that the company will report sales of $69.35 billion, with estimates ranging from $68.36 billion to $70.57 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Humana.
Humana (NYSE:HUM) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $4.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.18. Humana had a net margin of 2.99% and a return on equity of 20.77%. The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $15.67 billion. During the same quarter last year, the firm posted $3.36 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year.
Shares of NYSE HUM traded up $1.46 during midday trading on Monday, hitting $245.14. The company’s stock had a trading volume of 25,621 shares, compared to its average volume of 1,332,844. Humana has a 1 year low of $225.65 and a 1 year high of $355.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market cap of $31.83 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.97 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.20 annualized dividend and a dividend yield of 0.90%. Humana’s dividend payout ratio is presently 15.12%.
In other news, insider Roy A. Beveridge sold 8,278 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $307.16, for a total transaction of $2,542,670.48. Following the completion of the sale, the insider now owns 12,409 shares in the company, valued at approximately $3,811,548.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher H. Hunter sold 15,586 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $305.24, for a total transaction of $4,757,470.64. Following the sale, the insider now owns 28,100 shares of the company’s stock, valued at approximately $8,577,244. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of HUM. Nordea Investment Management AB increased its holdings in shares of Humana by 17.7% in the 3rd quarter. Nordea Investment Management AB now owns 22,339 shares of the insurance provider’s stock valued at $7,562,000 after acquiring an additional 3,359 shares during the period. Morgan Stanley increased its holdings in shares of Humana by 130.5% in the 3rd quarter. Morgan Stanley now owns 368,401 shares of the insurance provider’s stock valued at $124,712,000 after acquiring an additional 208,595 shares during the period. Vanguard Group Inc increased its holdings in shares of Humana by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 10,104,225 shares of the insurance provider’s stock valued at $3,420,482,000 after acquiring an additional 140,864 shares during the period. Federated Investors Inc. PA increased its holdings in shares of Humana by 598.6% in the 3rd quarter. Federated Investors Inc. PA now owns 134,741 shares of the insurance provider’s stock valued at $45,612,000 after acquiring an additional 115,453 shares during the period. Finally, Cerebellum GP LLC acquired a new position in shares of Humana in the 4th quarter valued at $153,000. Institutional investors and hedge funds own 94.72% of the company’s stock.
Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. The company offers medical and supplemental benefit plans to individuals. It also has contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.
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