UnitedHealth Group (UNH) NewsBite - UNH Earnings Preview
Posted: Wednesday, October 07, 2009 10:10 AM EDT
By: Market Intelligence Center Staff
UnitedHealth Group (NYSE: UNH) opened at $24.42. So far today, the stock has hit a low of $24.40 and a high of $25.34. UNH is now trading at $24.71, up $0.33 (1.33%). Over the last 52 weeks the stock has ranged from a low of $14.51 to a high of $30.25. UNH is scheduled to report earnings on October 20. Analysts are expecting the company to report a profit of 77 cents per share on revenue of $21.54 billion. UNH has met or exceeded analysts' earnings forecasts in each of the past four quarters. Technical indicators for the stock are neutral and S&P gives UNH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UNH the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 21 range. [ABR-Seven Summits Strategic Investments NewsBite]
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