UnitedHealth share price stock: UnitedHealth share price: UNH Stock jumps to new high after UnitedHealth Group Inc earnings raise profit forecast
Hemsley, who led the company from 2006 to 2017, has been working to regain investor and consumer confidence following an unexpected rise in medical costs, a federal investigation and Americans’ anger over the high prices of health care.
He was appointed in May as part of a management shakeup after the company lost earnings for the first time in more than a decade in April.
The healthcare giant projects adjusted earnings per share of at least $16.25 in 2025, according to data compiled by LSEG; above its previous estimate of at least $16.00 and above analysts’ estimate of $16.20 per share.
UnitedHealth said the industry continues to face high costs it has struggled with for more than two years.
In the quarter ending September 30, the company’s medical claims rate (the percentage of premiums spent on medical care) was 89.9 percent, in line with the company’s expectations. Insurers are aiming for a rate close to 80 percent. On average, analysts expected the company to report a rate of 89.87 percent. Quarterly revenue at UnitedHealth’s Optum healthcare unit was $25.9 billion, flat from the same period last year. Revenue for Optum Rx, UnitedHealth’s pharmacy benefits manager, rose 16 percent to $39.7 billion, driven in part by higher prescription volumes. On an adjusted basis, the company earned $2.92 in earnings per share for the quarter, beating analysts’ average estimate of $2.79.
FAQ
Q1. What is the CEO of UnitedHealth Group Inc.?
A1. The CEO of UnitedHealth Group Inc. is Stephen Hemsley.
Q2. What is UnitedHealth Group Inc’s earnings forecast?
A2. UnitedHealth Group Inc. projects adjusted earnings per share of at least $16.25 for 2025, according to data compiled by LSEG; above its previous estimate of at least $16.00 and above analysts’ estimate of $16.20 per share.
