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Cigna Sees FY21 Profit Below Market; Stock Down

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

While reporting second-quarter results on Thursday, Global health services company Cigna Corp. (CI) said it is well positioned to deliver in 2021 and 2022. Over the long-term, the company targets average annual adjusted EPS growth of 10%-13% while paying a meaningful dividend. The company also reaffirmed its 2021 EPS guidance, which is below analysts' estimate.

For fiscal 2021, the company continues to target adjusted earnings per share of at least $20.20. The company also projects: adjusted revenues of at least $170 billion, and total medical customer growth of at least 350,000 customers, for the fiscal year. Analysts polled by Thomson Reuters expect the company to report profit per share of $20.42 on revenue of $166.45 billion. Analysts' estimates typically exclude special items.

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