Health benefit company, WellPoint, Inc.(
) reported on Tuesday that they are expecting earnings to be
reaffirmed at upcoming meetings with analysts and investors.
During the period of December 11 to December 19, officers for
WLP are planning to meet with analysts and investors to discuss the
company's earnings guidance for 2012.
The company is is expecting to see earnings in the range of
$7.37 to $7.47 per share. The finalization of the company's
acquisition of Amerigroup Corporation does not effect this
Additionally, WLP is expecting to maintain 2013 guidance, which
is expected to be stable due to the company's acquisition.
WellPoint shares were mostly flat during premarket trading
Tuesday. The stock is down -12% YTD.
The Bottom Line
Shares of WellPoint (
) have a 1.98% dividend yield, based on last night's closing stock
price of $58.21. The stock has technical support in the $54-$55
price area. If the shares can firm up, we see overhead resistance
around the $63-$64 price levels.
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
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