On Feb. 9, Coventry Health Care (NYSE:CVH) released fourth-quarter earnings for the period ended Dec. 31.
- Revenues were up by 12.9% due to good performance by the company's health plans and expansion of its Medicare business.
- EPS grew by 26% to $0.97 per share, and company expects Q1 2007 EPS to be in the range of $0.75 to $0.77 per share.
- For Q1 2007, the company expects revenues to be in the range of $2.10 billion to $2.30 billion, and FY 2007 revenues to be in the range of $8.76 billion to $9.03 billion. This implies solid double-digit top line growth.
- Coventry Health is highly regarded in our Motley Fool CAPS stock ratings service, having earned the top five-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$1,941.0 |
$1,718.9 |
12.9% |
|
Net Profit |
$156.1 |
$126.4 |
23.5% |
|
EPS |
$0.97 |
$0.77 |
26.0% |
|
Diluted Shares |
160.5 |
164.6 |
(2.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
31.6% |
32.2% |
(0.6) |
|
Operating Margin |
11.7% |
11.4% |
0.3 |
|
Net Margin |
8.0% |
7.4% |
0.7 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,663.2 |
$937.3 |
77.5% |
|
Accounts Rec. |
$209.2 |
$228.0 |
(8.3%) |
|
Inventory |
No Data |
No Data |
No Data |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$460.5 |
$442.8 |
4.0% |
|
Long-Term Debt |
$750.5 |
$760.5 |
(1.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$315.9 |
$115.6 |
173.4% |
|
Capital Expenditures |
$24.9 |
$31.8 |
(21.7%) |
|
Free Cash Flow |
$291.0 |
$83.8 |
247.5% |
Find out why Fools always follow the money.
Related Companies:
- WellPoint (NYSE:WLP)
- UnitedHealth Group (NYSE:UNH)
- Aetna (NYSE:AET)
- CIGNA (NYSE:CI)
- Molina Healthcare (NYSE:MOH)
Related Foolishness:
Coventry Health and UnitedHealth Group are Stock Advisor recommendations. UnitedHealth Group is also an Inside Value pick.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
