Aetna, Inc. (AET) Tops Q4 EPS Views; Boosts FY14 EPS Outlook

Aetna, Inc. (NYSE: AET) reported Q4 EPS of $1.98, $0.43 better than the analyst estimate of $1.55. Revenue for the quarter came in at $13.97 billion versus the consensus estimate of $13.69 billion.

Aetna posted higher operating earnings, operating revenues and medical membership in the first quarter, each representing historic highs for our company,” said Mark T. Bertolini, Aetna chairman, CEO and president. “Based on these results, we are raising our projection for 2014 operating earnings per share to a range of $6.35 to $6.55 from our previous projection of at least $6.25 per share.

“This performance is once again a testament to the strength of our diversified portfolio, continued progress in integrating the Coventry acquisition, pricing discipline and solid execution. Our strong membership growth in the quarter came from both our commercial and government businesses, and we project this momentum will continue. We also look forward to serving new members from our latest contract win with the Teacher Retirement System of Texas and our recently completed InterGlobal acquisition,” said Bertolini.

“We are pleased with our financial results in the first quarter, driven by strong execution of our growth strategy and stable medical costs,” said Shawn M. Guertin, Aetna executive vice president and CFO. “Aetna’s cash generation in the quarter continued to be strong, and we aggressively deployed capital to create shareholder value through $465 million in share repurchases and $82 million in quarterly dividends.

Aetna. sees FY2014 EPS of $6.35 - $6.55, versus the consensus of $6.38.

For earnings history and earnings-related data on Aetna, Inc. (AET) click here.

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