Health care company UnitedHealth Group (UNH) said Monday that it plans to reaffirm its full-year earnings guidance during its annual Investor Conference on Tuesday.
The company, which is based in Minnetonka, Minnesota, said that it will reaffirm its full-year 2009 earnings forecast of $3.15 U.S. per share. Looking ahead, UNH will forecast 2010 revenues of $88.5 billion to $89.5 billion U.S., with a profit of $2.90 to $3.10 U.S. per share.
The company's annual Investor Conference is slated for Tuesday morning in New York, and will include presentations from company leaders regarding its business performance and prospects.
The Bottom Line
Some experts have avoided shares of UNH since last year and the stock was trading at $33 U.S.
The company has a .10% dividend yield, based on Friday's closing stock price of $29.44. The stock has technical support in the $24-$26 price area. I
If the shares can firm up, there could be overhead resistance around the $30-$33 U.S. price levels. But experts remain on the sidelines for now.
UnitedHealth Group (UNH) is not recommended at this time, holding a Dividend.com DARS Rating of 3.3 out of 5 stars.
