logo
  

Anthem Raises Full Year Adj. Earnings Outlook - Quick Facts

While reporting third-quarter results on Wednesday, Anthem, Inc. (ANTM) raised its full year adjusted net income per share outlook from greater than $25.50, to greater than $25.85. The company believes the momentum it is seeing and the ability to deliver on its strategy will be further accelerated by recent changes in leadership. Analysts polled by Thomson Reuters expect the company to report profit per share of $25.65. Analysts' estimates typically exclude special items.

For full year 2021, the company now expects GAAP net income to be greater than $24.70 per share, including approximately $1.15 per share of net unfavorable items. Operating cash flow is now expected to be greater than $6.0 billion. Investment income is now expected to be approximately $1.2 billion.

Third-quarter adjusted profit per share was $6.79 compared to $4.20, prior year. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $6.37, for the quarter. Net profit to shareholders was $1.51 billion, an increase of 579.7%. Profit per share was $6.13, including net negative adjustment items of $0.66 per share.

Operating revenue was $35.5 billion, an increase of 16.0 percent, from a year ago and 17.5 percent after adjusting for the repeal of the health insurance tax in 2021. The company said the increase was driven by higher premium revenue due to growth in Medicaid and Medicare and growth in pharmacy product revenue related to IngenioRx, partially offset by the repeal of the health insurance tax. Analysts expected revenue of $35.3 billion, for the quarter.

Medical enrollment was approximately 45.1 million members at September 30, 2021, an increase of 2.4 million lives, or 5.7 percent from the prior year quarter.

On October 19, 2021, the Audit Committee declared a fourth quarter 2021 dividend of $1.13 per share. It is payable on December 21, 2021 to shareholders of record at the close of business on December 3, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Microsoft Corp. said its Board of Directors has initiated a review of the effectiveness of its workplace sexual harassment and gender discrimination policies and practices. The company has hired the law firm of Arent Fox to conduct the review mainly on sexual harassment investigations, including that of co-founder Bill Gates.
Follow RTT