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Friday, July 29, 2022 10:53:46 PM
By: Stock News | July 29, 2022
• CVS Health Corporation (CVS)
CVS provides health services in the United States. The company operates through four segments: Pharmacy Services; Retail/LTC; Health Care Benefits; and Corporate/Other. CVS offers prescription drugs, traditional and consumer-directed health insurance products, pharmacy benefit management solutions, and consumer health and beauty products.
The company operates over 9,900 retail locations, 1,200 MinuteClinic locations, online pharmacy websites, and onsite pharmacies.
In February, CVS Pharmacy, the retail division of CVS, launched six new innovative home health care products. The new CVS Health by Michael Graves Design features a wide range of products, including comfort grip chairs, easy-fold travel walkers, convertible shower chairs, and 3-in-1 comfort commodes.
The new launch of products is the company’s extension of the exclusive CVS Health product line, extending its customer reach and boosting sales.
In the fiscal 2022 first quarter ended March 31, 2022, CVS’ total revenues increased 11.2% year-over-year to $76.83 billion. Its adjusted operating income grew 6.6% year-over-year to $4.48 billion. The company’s adjusted income attributable to CVS and adjusted earnings per share came in at $2.94 billion and $2.22, up 9.1% and 8.8% from the prior-year period, respectively.
In addition, net cash provided by operating activities rose 23.2% year-over-year to $3.56 billion.
Analysts expect CVS’ EPS to grow 2.8% from the prior-year period to $2.02 for the fiscal 2022 third quarter ending September 2022. The $77.14 billion consensus revenue estimate for the ongoing quarter represents a 4.5% rise year-over-year. The company has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
The stock has gained 14.7% over the past year to close the last trading session at $95.53.
CVS’ POWR Ratings reflect this promising outlook. It has an overall grade of A, equating to Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
CVS has a grade of B for Value, Stability, and Sentiment. Within the Medical – Drug Stores industry, it is ranked #1 of 5 stocks. Click here to see additional POWR Ratings (Momentum, Quality, and Growth) for CVS.
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Recent CVS News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 09:29:08 PM
- CVS Health announces quarterly dividend • PR Newswire (US) • 09/19/2024 03:02:00 PM
- CVS Pharmacy® launches birth control prescribing in Massachusetts • PR Newswire (US) • 09/12/2024 01:00:00 PM
- CVS Health supporting customers, patients, members and colleagues as Tropical Storm Francine approaches • PR Newswire (US) • 09/10/2024 07:43:00 PM
- Shareholders of CVS Health Corporation Should Contact The Gross Law Firm Before September 10, 2024 to Discuss Your Rights - CVS • PR Newswire (US) • 09/09/2024 02:32:00 PM
- The Gross Law Firm Notifies CVS Health Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - CVS • PR Newswire (US) • 09/05/2024 09:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 09:47:27 PM
- CVS Health Corporation Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - CVS • PR Newswire (US) • 08/29/2024 10:05:00 AM
- Updated flu and COVID-19 vaccinations now available at CVS Pharmacy® and MinuteClinic® • PR Newswire (US) • 08/28/2024 12:00:00 PM
- Aetna first major insurer to expand and simplify access to fertility services • PR Newswire (US) • 08/27/2024 12:00:00 PM
- Class Action Filed Against CVS Health Corporation (CVS) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 08/26/2024 09:45:00 AM
- Shareholders of CVS Health Corporation Should Contact The Gross Law Firm Before September 10, 2024 to Discuss Your Rights - CVS • PR Newswire (US) • 08/22/2024 09:45:00 AM
- CVS Pharmacy® introduces colleague-designed journals • PR Newswire (US) • 08/21/2024 12:00:00 PM
- CVS Health Corporation Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before September 10, 2024 to Discuss Your Rights - CVS • PR Newswire (US) • 08/19/2024 09:45:00 AM
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- CVS Health Corporation Class Action: The Gross Law Firm Reminds CVS Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 10, 2024 - CVS • PR Newswire (US) • 08/15/2024 09:45:00 AM
- CVS Health Names Heidi Capozzi Executive Vice President, Chief People Officer • PR Newswire (US) • 08/14/2024 08:00:00 PM
- CVS Health Foundation joins forces with organizations at City Center to improve health outcomes in Fresno • PR Newswire (US) • 08/14/2024 05:00:00 PM
- AM Best Revises Issuer Credit Rating Outlooks to Stable for Most of CVS Health Corporation’s Aetna Inc. Subsidiaries • Business Wire • 08/14/2024 02:39:00 PM
- Class Action Filed Against CVS Health Corporation (CVS) - September 10, 2024 Deadline to Join - Contact The Gross Law Firm • PR Newswire (US) • 08/08/2024 09:45:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 10:35:29 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 10:33:48 AM
- CVS HEALTH CORPORATION REPORTS SECOND QUARTER 2024 RESULTS AND REVISES FULL-YEAR 2024 GUIDANCE • PR Newswire (US) • 08/07/2024 10:30:00 AM
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