On Tuesday, Shares of UnitedHealth Group Inc (NYSE:UNH), added 6.90% and closed at $143.39 in the last trading session. UNH stock opened its last trade at $139.20 and after floating in a range of $137.87 to $143.95. The company’s Market capitalization is $136.78 Billion with the total Outstanding Shares of 952.39 million. During the 52-week trading session the minimum price at which share price traded, registered at $107.51 and reached to max level of $144.48. The Earnings per Share of the company stands at $6.39. UnitedHealth Group (UNH) reported third quarter results reflecting well-balanced growth and steady execution across its diverse businesses.
“Our growth indicators are positive as we conclude 2016, and we expect to be well positioned in 2017 to better serve consumers and deliver more value to the health system overall,” said Stephen J. Hemsley, chief executive officer of UnitedHealth Group.
The Company increased its outlook for 2016 GAAP net earnings to approximately $7.45 per share and adjusted net earnings to approximately $8.00 per share, from its previous range of $7.25 to $7.40 in GAAP net earnings per share and $7.80 to $7.95 in adjusted net earnings per share.
UnitedHealth Group businesses achieved broad-based growth in the third quarter of 2016, with merged revenues increasing 12 percent or $4.8 billion year-over-year to $46.3 billion. Year-to-date, UnitedHealthcare revenues grew 12 percent year-over-year, with double-digit percentage growth across all domestic businesses on strong, diversified enrollment growth. Optum revenues grew 34 percent year-to-date, with year-over-year revenue growth by business at Optum ranging from 20 percent to 41 percent.
UnitedHealth Group’s third quarter earnings from operations grew 19 percent year-over-year to $3.6 billion and adjusted net earnings grew 23 percent to $2.17 per share. Year-over-year operating margin improvement of 40 basis points and a lower effective tax rate combined to lift the merged net margin by 50 basis points to 4.3 percent in the quarter.
Third quarter 2016 cash flows from operations were $7.2 billion. After adjusting to reflect cash received from CMS in the proper period, third quarter cash flows from operations of $3.4 billion grew 22 percent year-over-year and were 1.7 times net earnings in the quarter. Year-to-date 2016 adjusted cash flows from operations of $7.4 billion grew 19 percent year-over-year and were 1.4 times year-to-date net earnings.
The merged medical care ratio reduced 60 basis points year-over-year to 80.3 percent in the third quarter. Year-to-date, the medical care ratio of 81.3 percent reduced 10 basis points over the prior year period.
Shares of Axalta Coating Systems Ltd (NYSE:AXTA), lost -0.45% and closed at $26.28 in the last trading session. AXTA stock opened its last trade at $26.43 and after floating in a range of $26.24 to $26.56. The company’s Market capitalization is $6.33 Billion with the total Outstanding Shares of 239.13 million. During the 52-week trading session the minimum price at which share price traded, registered at $20.67 and reached to max level of $30.45. The Earnings per Share of the company stands at $0.63. Axalta Coating Systems (AXTA), a leading global supplier of liquid and powder coatings celebrating its 150th anniversary in the coatings industry, is happy to declare its partnership with Texas Chrome heavy duty truck body shop for its forthcoming season on Discovery Channel’s television show, Texas Trocas.
The show features project builds counting a 2000 Kenworth W900 heavy duty truck that was recently finished with Axalta’s Imron® 6600 CT polyurethane basecoat. The Kenworth, owned by Omar Ruiz of Midland, Texas won the coveted Best in Show–Builders Class award in its first public appearance at the Great American Trucking Show (GATS) in Dallas, Texas this past summer. The custom rebuild included many in-house fabricated metal parts, bumpers, recessed lights, wheels with a filigree design, and was finished with a custom paint job comprised of four of Axalta’s custom-mixed blue colors.
“Every time we have entered GATS, we have won the top national builder’s category for Best Paint,” said Roland Mendez, Texas Chrome Owner. With our team of 28, we are a ‘one stop shop’ offering chrome accessories, engine repairs, polishing, welding, fabrication, body and, of course, our trucks are finished with Axalta’s brilliant paint.”