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CVS Health Corporation (CVS)

- NYSE
  • Apr. 30, 2013, 10:04 AM
    A combined read of Redbook and ICSCS-Goldman's data on chain store sales indicates the late start to the spring season could take its toll on apparel sellers. Despite the choppy start to Q2, chain-store sales are still heading for a 2%-3% gain during the month compared to last year. Possible April winners: Drugstores [Walgreen (WAG), Rite Aid (RAD), CVS Caremark (CVS)] and wholesale clubs [Costco (COST), PriceSmart (PSMT), BJ's Wholesale].
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  • Apr. 7, 2013, 9:00 AM
    With their healthcare costs ballooning, many companies have started to penalize fat employees with regards to healthcare coverage, raising all sorts of legal, privacy and discrimination questions. Michelin North America, for example, plans to cut healthcare credits for staff who fail to meet requirement for waistline and other metrics, and don't sign up to health programs. Other companies making similar moves include Mohawk (MHK), CVS and Honeywell (HON).
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  • Apr. 4, 2013, 12:51 PM
    Health experts forecast this season's allergy season will be extremely harsh. As a result, drug store chains such as Rite Aid (RAD -3.7%), CVS Caremark (CVS +1.9%), and Walgreen (WAG +0.4%) are expecting a mild bounce in April store traffic due to the development. (Previous on March sales: WAG, RAD)
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  • Mar. 28, 2013, 9:18 AM
    Look for a new report from Consumer Reports on the cost of prescription drugs at retail chains to create some buzz. Analysis by the publication shows that consumers can save as much as $100 a month by comparison shopping. Costco (COST) came in the low end of the scale for generic drug prices while CVS Caremark (CVS) was the highest. Drugstore chains (WAG, RAD) could face increasing pricing pressure with big box retailers more willing to use low prices at their pharmacies as a traffic driver.
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  • Mar. 6, 2013, 3:47 PM
    CVS Caremark Corporation (CVS) declares $0.225/share quarterly dividend, in line with previous. Forward yield 1.72%. For shareholders of record Apr. 23. Payable May 03. Ex-div date Apr. 19. (PR)
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  • Mar. 1, 2013, 7:14 AM
    Drugstore chains (WAG, CVS, RAD) continue to push further into healthcare to make up for lagging prescription drug sales. The latest development is an initiative by Rite Aid to open 58 stores which have in-store clinics where customers can interact with a doctor using a Web cam. Customers in Baltimore, Boston, Philadelphia, and Pittsburgh can pay $45 for a 10-minute consult with a doctor via a PC.
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  • Feb. 19, 2013, 12:37 PM
    CVS Caremark (CVS +2.6%) and Rite Aid (RAD +5.4%) both trade higher, riding the back of a strong quarter and promising guidance from Express Scripts. Sector peer Walgreen (WAG +0.9%) isn't quite keeping up despite a price target boost by Cantor Fitzgerald to $45.
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  • Feb. 11, 2013, 2:21 PM
    After seeing the number of flu shots administered skyrocket this year to boost revenue, drug store operators such as Walgreen (WAG +0.1%) and CVS Caremark (CVS +0.1%) want to expand past flu shots to offer a full range of immunizations and additional healthcare services. For the sector to gets its way, states will have to expand the powers of pharmacists, a development that stands a decent chance of coming off because it saves employers money.
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  • Feb. 6, 2013, 7:18 AM
    More on CVS Caremark's (CVS) Q4: Revenue in the Retail Pharmacy segment rose 5.1% to $16.3B as higher traffic more than offset the impact of new generic introductions. An effective tax rate and share count that were lower than anticipated contributed to the EPS beat. The company sees FY13 EPS of $3.86-$4.00, roughly in-line with the consensus estimate of analysts calling for $3.94. (PR)
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  • Feb. 6, 2013, 7:01 AM
    CVS Caremark (CVS): Q4 EPS of $1.14 beats by $0.03. Revenue of $31.4B (+10.9% Y/Y) beats by $0.27B. (PR)
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  • Feb. 6, 2013, 12:05 AM
    Notable earnings before Wednesday’s open: ABMD, AINV, CMI, CMP, CVH, CVS, ELN, GAS, ICE, IVR, MPEL, MRO, MT, NUS, PLD, RL, TWX, USG, VICL, VMED
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  • Feb. 5, 2013, 5:30 PM
    Notable earnings before Wednesday’s open: ABMD, AINV, CMI, CMP, CVH, CVS, ELN, GAS, ICE, IVR, MPEL, MRO, MT, NUS, PLD, RL, TWX, USG, VICL, VMED
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  • Jan. 30, 2013, 10:48 AM
    CVS Caremark (CVS +0.6%) continues to draw attention from investment managers as it retains more customers added on during the Express Scripts-Walgreen dispute than anticipated and sees increased traffic into its stores due to the national flu epidemic. Despite a 7% YTD run already, share could move even higher if Q4 numbers come in strong.
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  • Jan. 18, 2013, 12:27 PM
    The latest report from the CDC on the national outbreak of the flu shows nine more children deaths to bring the season's total to 29. Doctor visits are still on the rise as is demand for flu shots at drugstore chains CVS Caremark (CVS -0.4%), Rite Aid (RAD +1.3%), and Walgreen (WAG -0.3%).
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  • Jan. 14, 2013, 9:04 AM
    Reports on major drugstore chains running out of flu shots over the weekend tip off that Walgreen (WAG), Rite Aid (RAD), and CVS Caremark (CVS) may be seeing increased traffic due to the national outbreak of the flu. Typically, the chains pick up some incremental grocery sales during a heightened flu season.
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  • Jan. 7, 2013, 7:31 PM
    The SEC is looking in to a report that Washington Council Ernst & Young violated auditor rules by letting its lobbying unit perform work for several major audit clients including Amgen (AMGN), CVS Caremark (CVS) and Verizon (VZ). U.S. independence rules bar auditors from serving in an "advocacy role" for audit clients, but it's unclear how far along the probe is, or whether it will result in any civil charges.
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Company Description
CVS Health Corp iis an integrated pharmacy health care provider. The Company has three segments: Pharmacy Services, Retail Pharmacy and Corporate.
Sector: Services
Industry: Drug Stores
Country: United States