UnitedHealth Group Boosts Forecast as Q2 Earnings Beat the Street (UNH)

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Health benefits provider UnitedHealth Group Inc. ( UNH ) on Thursday posted better-than-expected second quarter earnings results and lifted its full-year outlook.

The Minnetonka, MN-based company reported second quarter net income of $1.34 billion, or $1.27 per share, compared with $1.27 billion, or $1.16 per share, in the year-ago period.

Revenue rose 8% from last year to $27.27 billion.


On average, Wall Street analysts expected a much smaller profit of $1.19 per share, albeit on higher revenue of $27.34 billion.

Looking ahead, UNH said it now expects full-year earnings to range from $4.90 to $5 per share, up from a prior outlook of $4.80 to $4.95 per share.

UnitedHealth Group shares rose $1.40, or +2.5%, in premarket trading Thursday.

The Bottom Line
Shares of UnitedHealth Group ( UNH ) have a 1.51% dividend yield, based on last night's closing stock price of $56.35. The stock has technical support in the $50-$54 price area. The stock is trading near the all-time high levels of $60-$62 a share.

UnitedHealth Group Inc. ( UNH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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