The Cigna Group (CI) to Release Quarterly Earnings on Thursday

The Cigna Group (NYSE:CI) is projected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $7.84 per share and revenue of $63,178,873.29 billion for the quarter. The Cigna Group has set its FY24 guidance at at least $28.40 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

The Cigna Group (NYSE:CI) last posted its earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The firm had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. During the same period last year, the firm posted $6.77 EPS. The company’s revenue was up 29.8% on a year-over-year basis. On average, analysts expect The Cigna Group to post $29 EPS for the current fiscal year and $32 EPS for the next fiscal year.

The Cigna Group Price Performance

Shares of CI opened at $289.04 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The stock has a market cap of $80.40 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 0.77 and a beta of 0.54. The firm has a fifty day moving average price of $299.16 and a 200 day moving average price of $326.29.

Analyst Upgrades and Downgrades

CI has been the subject of several research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial cut their target price on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $394.00 price objective (up from $392.00) on shares of The Cigna Group in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $395.93.

The Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.