Top 10 Safest Companies For 2015

Top 10 Safest Companies For 2015: CVS Corporation(CVS)

CVS Caremark Corporation operates as a pharmacy services company in the United States. The company?s Pharmacy Services segment provides a range of pharmacy benefit management services, including mail order pharmacy services, specialty pharmacy services, plan design and administration, formulary management, and claims processing; and drug benefits to eligible beneficiaries under the Federal Government?s Medicare Part D program. This segment primarily serves employers, insurance companies, unions, government employee groups, managed care organizations and other sponsors of health benefit plans, and individuals. As of December 31, 2010, it operated 44 retail specialty pharmacy stores, 18 specialty mail order pharmacies, and 4 mail service pharmacies located in 25 states, Puerto Rico, and the District of Columbia. This segment operates business under the CVS Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS/pharmacy, CarePlus, RxAmerica, Accordant, and TheraCom names. The company?s Retail Pharmacy segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, seasonal merchandise, greeting cards, and convenience foods through its pharmacy retail stores and online, as well as offers film and photo finishing, and health care services. This segment operated 7,182 retail drugstores located in 41 states, Puerto Rico, and the District of Columbia; and 560 retail health care clinics in 26 states and the District of Columbia under the MinuteClinic name. It has a strategic alliance with Alere, L.L.C. for the management of disease management program offerings that cover chronic diseases, such as asthma, diabetes, congestive heart failure, and coronary artery disease. CVS Caremark Corporation was founded in 1892 and is based in Woonsocket, Rhode Island.

Advisors' Opinion:

• [By Shauna O'Brien]

  Before Tuesday’s opening bell, CVS Health Corp (CVS), which recently changed it! s name from CVS Caremark, released its third quarter results. Despite lower earnings, the company was able to beat analysts’ expectations.

  CVS Earnings in Brief

  CVS reported net income of $948 million, or 81 cents per share, down from $1.26 billion, or $1.02 per share, a year ago. Excluding special items, earnings were $1.15 per share – above analysts’ estimate of $1.13 per share. Revenue rose to $35.02 billion from $31.93 billion last year. Analysts expected to see revenue of $34.74 billion. Looking forward, CVS expects to see Q4 earnings between $1.18 and $1.21 per share. Analysts expect to see earnings of $1.21 per share. For FY2014, the company expects to see earnings between $4.47 and $4.50 per share. Analysts expect to see earnings of $4.49 per share.

  CEO Commentary

  President and CEO Larry Merlo commented: “I’m very pleased with our strong results in the third quarter, which reflect better-than-expected revenue growth across the enterprise and expanding retail gross margins. The 2015 PBM selling season continued to be highly successful with a significant number of new business wins across all lines of business.”

  CVS Dividend

  CVS paid its last 27.5 cent dividend on November 3. We expect the company to declare its next quarterly dividend in December. It is likely that the company will boost its dividend in its next payout.

  Stock Performance

  CVS Health Corp shares were up 88 cents, or 1.02%, during pre-market trading Tuesday. The stock is up 20.33% YTD.

  CVS Dividend Snapshot

  As of market close on November 3, 2014

  Click here to see the complete history of CVS dividends.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-10-safest-companies-for-2015.html