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Magellan Health Services Inc Reaffirms FY 2013 Guidance


Thursday, 28 Feb 2013 06:30am EST 

Magellan Health Services Inc reaffirmed fiscal 2013 guidance and expects net revenue in the range of $3.56 billion to $3.74 billion, and net income in the range of $91 million to $109 million. Based upon the impact of share repurchase activity through February 22, 2013, but not considering any potential future share repurchases, the Company is adjusting diluted weighted average shares outstanding for the year to 27.8 million, resulting in an earnings per share (EPS) in the range of $3.27 to $3.92. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $3.6 billion, net income of $106 million for fiscal 2013. 

Company Quote

61.51
0.77 +1.27%
12:26pm EST