CVS Health (NYSE:CVS – Get Free Report) posted its quarterly earnings results on Wednesday. The pharmacy operator reported $1.83 EPS for the quarter, beating the consensus estimate of $1.73 by $0.10, Briefing.com reports. CVS Health had a net margin of 2.03% and a return on equity of 13.53%. The business had revenue of $91.23 billion for the quarter, compared to analysts’ expectations of $91.41 billion. During the same period in the previous year, the company posted $2.21 EPS. CVS Health’s revenue was up 2.6% on a year-over-year basis. CVS Health updated its FY24 guidance to $6.40-6.65 EPS and its FY 2024 guidance to 6.400-6.650 EPS.
CVS Health Trading Down 1.3 %
Shares of CVS traded down $0.74 during trading hours on Friday, reaching $57.11. The stock had a trading volume of 8,345,205 shares, compared to its average volume of 11,546,901. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. CVS Health has a 52 week low of $52.77 and a 52 week high of $83.25. The firm has a 50-day moving average of $59.45 and a 200 day moving average of $66.25. The company has a market cap of $71.69 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.57 and a beta of 0.52.
CVS Health Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Monday, July 22nd were given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Monday, July 22nd. CVS Health’s dividend payout ratio is currently 46.75%.
Analyst Upgrades and Downgrades
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About CVS Health
CVS Health Corporation provides health solutions in the United States. It operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services.
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