Performance summary of CVS
8/14/2024 06:27pm
**CVS Health Corporation (CVS) is currently performing well**, as indicated by the following analysis:
1. **Financial Performance**:
- CVS reported a net income of $1.77 billion and a diluted earnings per share (EPS) of $1.41 for the quarter ending June 30, 2024.
- The company’s net income growth rate was 115.8% and revenue growth rate was 5.8% year-on-year. The diluted EPS quarter-over-quarter growth rate was 7.69%.
|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|code|market_code|
|---|---|---|---|---|---|---|---|
|CVS.N|CVS Health|2024 Q2|9.1234E10|1.768E9|1.41|CVS|169|
2. **Debt and Free Cash Flow**:
- CVS has a moderate debt-to-equity ratio, ranging from 0.87 to 0.74 over the past year, indicating a reasonable level of debt.
- The company’s free cash flow is positive at $1.18 billion, which is a strong indicator of its ability to generate cash after accounting for capital expenditures.
3. **Stock Performance**:
- CVS’s stock price has been stable, with a narrow trading range indicating a lack of volatility.
- The stock is currently trading above its 50-day and 200-day simple moving averages, which could suggest a potential buying opportunity.
|Ticker|Name|Date|Total Revenue year-on-year growth rate|Diluted EPS QoQ growth rate|Net Income year-on-year growth rate|code|market_code|
|---|---|---|---|---|---|---|---|
|CVS.N|CVS Health|20240630|2.601185321802499|60.22727272727272|-7.628004179728317|CVS|169|
4. **Recent Developments**:
- CVS is facing legal challenges, including a class action lawsuit alleging false and misleading statements about the profitability of its health care benefits segment.
- The company has announced a restructuring plan to address the issues raised in the lawsuit.
In conclusion, CVS is a company with strong financial performance, positive stock performance, and a manageable level of debt. However, the legal challenges and the need for restructuring could present potential risks for investors.