Is Elevance Health, Inc.'s (NYSE:ELV) Recent Performance Tethered To Its Attractive Financial Prospects? [Yahoo! Finance]
Elevance Health, Inc. (ELV)
Company Research
Source: Yahoo! Finance
Elevance Health's ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. How Is ROE Calculated? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Elevance Health is: 16% = US$6.7b ÷ US$42b (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.16 in profit. What Is The Relationship Between ROE And Earnings Growth? We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's
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ELV
News
- HighRoads Appoints New Directors to Its Board [Yahoo! Finance]Yahoo! Finance
- 11 Companies Hiring Fully Remote Jobs In 2024 [Forbes]Forbes
- Elevance Health, Inc. (NYSE: ELV) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $600.00 price target on the stock.MarketBeat
- Those who invested in Elevance Health (NYSE:ELV) five years ago are up 139% [Yahoo! Finance]Yahoo! Finance
- Elevance Health, Inc. (NYSE: ELV) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $600.00 price target on the stock.MarketBeat
ELV
Earnings
- 7/17/24 - Beat
ELV
Sec Filings
- 8/6/24 - Form 4
- 8/5/24 - Form 144
- 7/23/24 - Form 4
- ELV's page on the SEC website