Plus   Neg

Anthem Guides FY20 Adj. EPS In Line With Estimates - Quick Facts

While reporting financial results for the second quarter on Wednesday, health benefits company Anthem Inc. (ANTM) initiated adjusted earnings for the full-year 2019.

For fiscal 2020, the company now projects earnings to be greater than $20.91 per share, including about $1.39 per share of net unfavorable items. Excluding these items, adjusted net income is now expected to be greater than $22.30 per share.

On average, analysts polled by Thomson Reuters expect earnings of $22.33 per share for the year. Analysts' estimates typically exclude special items.

The Company said it is not providing other financial guidance metrics for 2020 until visibility improves, due to unprecedented uncertainty around the COVID-19 pandemic and its impact.

On Tuesday, the Audit Committee declared a third quarter 2020 dividend to shareholders of $0.95 per share, payable on September 25, 2020 to shareholders of record at the close of business on September 10, 2020.

After careful consideration of the Company's financial position in conjunction with the prevailing market conditions, the share repurchase activity resumed in late-June.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
JPMorgan Chase Bank, N.A., a unit of JPMorgan Chase & Co., has agreed to pay $250 million penalty over the bank's failure to maintain adequate internal controls and internal audit over its fiduciary business. In a filing with the U.S. Securities and Exchange Commission, the company said JPMorgan Chase Bank has entered into a resolution with the Office of the Comptroller of the Currency or OCC. Sunbeam Products, Inc. recalled about 942,760 units of Crock-Pot 6-Quart Express Crock Multi-Cookers for potential burn hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include about 28,330 units sold in Canada. Trying to find the perfect gifts for our loved ones has always been a matter of concern. Walmart.com is set to take the pain out of customers this holiday season by adding new features and categories to the Gift Finder tool, which was introduced last year. This, the retail giant believes, will make online shopping easier for gift givers.
Follow RTT