Key Developments: CVS Health Corp (CVS)

CVS on New York Consolidated

93.87USD
11 Feb 2016
Change (% chg)

$0.76 (+0.82%)
Prev Close
$93.11
Open
$91.83
Day's High
$94.39
Day's Low
$91.48
Volume
8,835,593
Avg. Vol
5,679,099
52-wk High
$113.65
52-wk Low
$81.37

Search Stocks

Latest Key Developments (Source: Significant Developments)

CVS Health Corp confirms FY, Q1 2016 EPS guidance
Tuesday, 9 Feb 2016 06:51am EST 

CVS Health Corp:Confirmed its previous guidance for FY 2016 and Q1 2016.Expects to deliver adjusted EPS of $5.73 to $5.88 and GAAP diluted earnings per share from continuing operations of $5.28 to $5.43 in FY 2016.Confirmed its Q1 2016 adjusted EPS guidance of $1.14 to $1.17 and GAAP diluted earnings per share from continuing operations of $1.03 to $1.06.Adjusted EPS excludes intangible asset amortization and guidance also excludes the affect of acquisition-related integration costs that are expected to occur during 2016.  Full Article

CVS Health and Target announce completed acquisition of Target's Pharmacy and Clinic Businesses
Wednesday, 16 Dec 2015 07:55am EST 

CVS Health Corp and Target Corp:Announce completed acquisition of target's pharmacy and clinic businesses.Closing of transaction is expected to have impact on target's fourth quarter 2015 financial results.Target will recognize a pre-tax gain of $575 million to $775 million following closing of deal.Reduction of expected Q4 sales of approximately $500 million is expected to impact Target, following deal closing.Closing of transaction does not change target's expected fourth quarter comparable sales.Target's after-tax net proceeds from the transaction are expected to be approximately $1.2 billion.  Full Article

CVS Health Corp announces 21% dividend increase for 2016
Wednesday, 16 Dec 2015 07:30am EST 

CVS Health Corp:Board approved a 21% increase in its quarterly cash dividend, to $0.425 per share on the common stock of the Company.Increase translates to $1.70 per share annually, up $0.30 per share.Increased quarterly dividend will be payable on Feb. 2, 2016, to shareholders of record on Jan. 22, 2016.  Full Article

CVS Health Corp raises low end of prior FY 2016 EPS guidance
Wednesday, 16 Dec 2015 07:30am EST 

CVS Health Corp:Provides FY 2016 guidance, raising low end of preliminary range by $0.05 per share.Expects FY 2016 adjusted EPS to be in the range of $5.73 to $5.88, up 11.25% to 14.25%.Expects FY 2016 GAAP diluted EPS from continuing operations to be in the range of $5.28 to $5.43.  Full Article

CVS Health Corp gives Q4 2015 EPS guidance above estimates; raises low end of prior FY 2015 EPS guidance; gives FY 2016 EPS guidance below estimates
Friday, 30 Oct 2015 06:40am EDT 

CVS Health Corp:Expects Q4 2015 adjusted EPS in the range of $1.51-$1.55.Expects FY 2015 adjusted EPS in the range of $5.14-$5.18, up from $5.11-$5.18.Expects FY 2016 EPS in the range of $5.68-$5.88.Q4 2015 EPS of $1.50 - Thomson Reuters I/B/E/S.FY 2015 EPS of $5.16 - Thomson Reuters I/B/E/S.FY 2016 EPS of $6.02 - Thomson Reuters I/B/E/S.  Full Article

CVS Health Corporation Announces Quarterly Dividend
Thursday, 1 Oct 2015 07:54am EDT 

CVS Health Corporation:Approved a quarterly dividend of $0.35 per share on the corporation's common stock.dividend is payable on November 2, 2015, to holders of record on October 22, 2015.  Full Article

CVS Health Corp in $48 million settlement of lawsuit over hiding loss - Reuters
Tuesday, 15 Sep 2015 08:00pm EDT 

CVS Health Corp:CVS Health Corp reached a $48 mln settlement of a lawsuit accusing the U.S. drugstore operator of fraudulently concealing a big loss of revenue in its pharmacy benefits manager business, culminating in a plunge in its stock price - Reuters.The all-cash settlement with investors led by three Massachusetts public pension funds was disclosed in a Monday filing with the federal court in Providence, Rhode Island - Reuters.Shareholders said this disclosure blindsided them, after CVS officials had repeatedly assured them that the company was doing an excellent job integrating the former Caremark Rx Inc and retaining clients - Reuters.The settlement requires court approval and awaits class-action certification for shareholders from Oct. 30, 2008, to Nov. 4, 2009. CVS denied wrongdoing - Reuters.The $48 million is just 1 percent of CVS' annual profit, but the plaintiffs' lawyers in court papers called the accord "a very good recovery," given the risks of continued litigation - Reuters.  Full Article

CVS Health Corp completes Omnicare acquisition
Tuesday, 18 Aug 2015 10:08am EDT 

CVS Health Corp:Completed the acquisition of Omnicare for a total enterprise value of about $12.9 billion.  Full Article

CVS Health Corp narrows FY 2015 guidance; gives Q3 2015 guidance
Tuesday, 4 Aug 2015 07:00am EDT 

CVS Health Corp:Says that it narrowed guidance for FY 2015.Sees FY 2015 Adjusted EPS of $5.11 to $5.18, from $5.08 to $5.19.Sees FY 2015 GAAP diluted EPS of $4.64 to $4.71, from $4.80 to $4.91.Sees Q3 2015, it expects to deliver Adjusted EPS of $1.27 to $1.30, excluding any acquisition-related transaction and financing costs, and GAAP diluted EPS of $1.13 to $1.16.  Full Article

CVS Health Corp to acquire, rebrand & operate target Corp's pharmacies & clinics
Monday, 15 Jun 2015 07:00am EDT 

CVS Health Corp:Cvs Health and Target Corp sign agreement for CVS Health to acquire, rebrand and operate target's pharmacies and clinics.Says deal valued at about $1.9 billion.Says will acquire target's more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format.Says new clinics will be part of cvs/minuteclinic's plan to operate 1,500 clinics by 2017.CVS Health and Target plan to develop five to 10 small, flexible format stores over a two-year period following the deal close.Says will finance the transaction with additional debt.Says target's after-tax net proceeds from the transaction are expected to be about $1.2 billion.Says a cvs/pharmacy will be included in all new Target Stores that offer pharmacy services.Target's nearly 80 clinic locations to be rebranded minuteclinic, Cvs will open up to 20 clinics in Target Stores in 3 yrs of deal close.Says CVS Health and Target plan to develop five to 10 small, flexible format stores over a two-year period following the deal close.Following deal close, Target guests will have access to Cvs health's pharmacy care programs and medical clinic services.Barclays served as the financial advisor to CVS Health ; Goldman Sachs acted as financial advisor to Target.  Full Article

Photo

CVS Health forecasts first-quarter profit below estimates

CVS Health Corp , the No.2 U.S. drugstore chain by store count, forecast current-quarter profit below analysts' estimates as customer traffic to its retail stores slows.

Search Stocks