CVS Health Corporation
(CVS)
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55.90 USD +0.07
Closed: 03 May, 3:55 pm
Symbol CVS
Market Cap 70.3B
Price 55.90
Open 55.22
52-wk High 83.25
50 Day Avg 73.14
Earnings Announcement 2024-07-31
Website https://www.cvshealth.com
Name CVS Health Corporation
Shares Outstanding 1,258,450,000
Change % 1.3599%
Low 54.96
52-wk Low 53.70
200 Day Avg 72.49
Last Dividend 2.66
Exchange NYSE
Volume 20,594,871
Previous Close 55.15
High 56.43
EPS 5.70
PE 9.81
Avg Volume 10,744,558
CUSIP 126650100
CVS Health Corporation Outlook
Description CVS Health Corporation provides health services in the United States. The company's Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Its Pharmacy Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, clinical, and disease and medical spend management services. It serves employers, insurance companies, unions, government employee groups, health plans, prescription drug plans, Medicaid managed care plans, plans offered on public health insurance and private health insurance exchanges, other sponsors of health benefit plans, and individuals. This segment operates retail specialty pharmacy stores; and specialty mail-order, mail-order dispensing, and compounding pharmacies, as well as branches for infusion and enteral nutrition services. The company's Retail/LTC segment sells prescription and over-the-counter drugs, consumer health and beauty products, and personal care products; and provides health care services through its MinuteClinic walk-in medical clinics. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings. As of December 31, 2021, it operated approximately 9,900 retail locations and 1,200 MinuteClinic locations, as well as online retail pharmacy websites, LTC pharmacies, and onsite pharmacies. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.
Currency USD
ISIN US1266501006
Industry Medical - Healthcare Plans
Changes 0.75
CUSIP 126650100
Range 53.70 - 83.25
Beta 0.51
CIK 0000064803

CVS Health Corporation News

04-May-2024 6:16 AM

CVS Health: A Terrible Earnings Report, But An Undervalued Stock

CVS Health reported dismal earnings on May 1st, substantially dropping the stock price, resulting in the largest one-day drop on record. While revenues nearly met consensus expectations, current quarter EPS and forward earnings were slashed, roughly by the same amount as the stock price. The decline has been fairly orderly and an immediate bounce in the stock price is not expected.

04-May-2024 5:17 AM

3 High-Yield Dividend Stocks to Buy Now and Hold at Least a Decade

Above-average utilization of health benefits pressured CVS Health's bottom line, but this is a temporary problem. Ares Capital is a business development company that offers a huge dividend yield at recent prices.

03-May-2024 7:42 PM

CVS Stock Discovers a Medicare Disadvantage

Shares in the drug chain and health insurer lost 19% after missing earnings and slashing guidance. The culprit: Costs for its Medicare Advantage plans.

03-May-2024 9:00 AM

Should You Pick CVS Health Stock At $55 After Q1 Miss?

CVS Health (NYSE: CVS) recently reported its Q1 results, with revenues and earnings missing our estimates. The company reported revenue of $88.4 billion and adjusted earnings of $1.31 per share, much lower than our estimates of $90 billion and $1.74, respectively.

03-May-2024 7:15 AM

I'm Buying The Dip With Up To 7% Yield

Earnings season presents buying opportunities for stocks that have experienced a dip in price after reporting Q1 earnings. Enterprise Products Partners offers a 7% yield and has strong fundamentals, including a well-covered distribution and positive outlook. CVS Health has a 5% yield and has been punished for higher medical utilization, but its pharmacy business is producing steadily growing results.

02-May-2024 1:27 PM

CVS downgraded after floundering in the first quarter

CVS Health Corp (NYSE:CVS) copped a downgrade from buy to neutral from UBS today after the US pharmacy chain downwardly revised its full-year profit 2024 guidance amid rising medical costs in its Medicare insurance business.   In a full-year profit forecast published on Wednesday, the chain said it expects to report adjusted earnings per share (EPS) of around $7 compared to prior guidance of at least $8.30.

01-May-2024 5:15 PM

S&P 500 Gains and Losses Today: CVS Falls as Health Care Costs Pressure Profits

Major U.S. equities indexes were mixed as the Federal Open Market Committee (FOMC) wrapped up its latest policy meeting, announcing it would maintain the federal funds rate at the decades-long high where it has remained since last July.

01-May-2024 3:30 PM

CVS Q1 Earnings Take A Hit From Insurance Venture

The volatile consumer healthcare sector showed up big in CVS' Q1 earnings Wednesday (May 1), with solid revenue from its store operations but a warning about revenue projections due to its foray into the insurance sector.  By the numbers, CVS Health reported first-quarter revenues of approximately $88 billion, marking a 4% increase year-over-year.

01-May-2024 1:14 PM

Walmart is closing down its health centers. What's that mean for Amazon, Walgreens and CVS?

Walmart Inc. WMT, -0.43% announced Tuesday it's closing its 51 health centers after the retail giant admitted the business had not seen sustainable profits since its inception in 2019.

01-May-2024 1:09 PM

CVS slashes full-year profit forecast on elevated medical costs; shares plunge

CVS Health Corp (NYSE:CVS) shares tanked after the pharmacy chain downwardly revised its full-year profit 2024 guidance amid rising medical costs in its Medicare insurance business.   The company is now expected to report adjusted earnings per share (EPS) of at least $7, down from its prior guidance of at least $8.30 and below the Wall Street estimate of $8.31.

01-May-2024 12:27 PM

Why CVS Health Stock Plunged Today

CVS faced higher-than-expected costs in its insurance business. Lower Medicare Advantage reimbursement rates are expected to weigh on its performance.