CVS Health

Raymond James: Lowered CVS Health (NYSE:CVS) price target to $110 from $115 Outperform

Raymond James analyst John Ransom lowered its price target on CVS Health (NYSE:CVS) to $110 from $115 and maintained the stock’s “outperform” rating. The analyst told investors in a research note that CVS Health’s fourth-quarter results were in line with their pre-announcement, that guidance for 2023 remained unchanged, and that the company announced the acquisition of Oak Street Health, a health firm on Oak Street.

Raymond James: Lowered CVS Health (NYSE:CVS) price target to $110 from $115 Outperform Read Post »

CVS Health (NYSE:CVS) Total revenues increased to $83.8 billion, up 9.5% YoY in Q4 2022

February 8, 2023 – CVS Health Corporation (NYSE: CVS) today announced operating results for the three months and year ended December 31, 2022. Q4 adjusted earnings Wednesday of $1.99 per diluted share,Analysts polled by Capital IQ expected $1.93. Revenue for the quarter ended Dec. 31 was $83.8 billion, Analysts surveyed by Capital IQ expected $76.4 billion. The company said it expects full-year 2023 adjusted earnings of $8.70 to $8.90 per diluted share. Analysts polled by Capital IQ expect $8.86. FOURTH QUARTER HIGHLIGHTS: Total revenues increased to $83.8 billion, up 9.5% compared to prior year. GAAP diluted EPS of $1.75 and Adjusted EPS of $1.99. Announced a 10% increase to the quarterly shareholder dividend, which became effective with the February 1, 2023 dividend distribution. Returned $2.9 billion to shareholders through dividends, while repurchasing 34.1 million shares of common stock and authorizing a new $10.0 billion share repurchase program. Increased unique digital customers by seven million

CVS Health (NYSE:CVS) Total revenues increased to $83.8 billion, up 9.5% YoY in Q4 2022 Read Post »

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