Humana (HUM) Tops Q1 EPS by 5c; Reaffirms Outlook

Humana (NYSE: HUM) reported Q1 EPS of $1.86, $0.05 better than the analyst estimate of $1.81.

GUIDANCE:

Humana sees FY2016 EPS of at least $8.85, versus the consensus of $8.86.

“We are pleased with our first-quarter earnings and believe the strategic and operational initiatives implemented in 2015, focusing on both clinical processes and administrative costs, will continue to yield positive results across the enterprise,” said Bruce D. Broussard, Humana’s President and Chief Executive Officer. “As we continue to anticipate closing the pending transaction with Aetna in the second half of 2016, we believe the combination will further enhance the high-quality healthcare experience focused on the health and wellness of our members we strive for every day.”

“We are encouraged by the early indicators we are seeing in our Medicare and Healthcare Services businesses but remain cautious while our healthcare exchange experience continues to develop,” added Brian A. Kane, Senior Vice President and Chief Financial Officer. “We remain keenly focused on an enterprise-wide view of driving shareholder value by balancing continued pretax margin improvement and membership growth across our franchise.”

For earnings history and earnings-related data on Humana (HUM) click here.

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