Current Trade Stocks Roundup: United Parcel Service, Inc. (NYSE:UPS), UnitedHealth Group Inc (NYSE:UNH), Centene Corp (NYSE:CNC)

Current Trade Stocks Roundup: United Parcel Service, Inc. (NYSE:UPS), UnitedHealth Group Inc (NYSE:UNH), Centene Corp (NYSE:CNC)

- in Business & Finance
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During Wednesday’s Morning trade, Shares of United Parcel Service, Inc. (NYSE:UPS), lost -0.54% to $97.48.

United Parcel Service, declared it will supply its fleet in Memphis, Tenn., and Jackson, Miss., with an estimated 15 million diesel gallon gas equivalents of renewable natural gas (RNG) as part of a multi-year agreement with Memphis Light, Gas and Water and Atmos Energy Marketing, LLC.

“UPS operates one of the most diversified fleets in private industry recently, and renewable natural gas is a critical part of our strategy to expand our fuel sources and minimize the environmental impact associated with growing customer demand,” said Mark Wallace, UPS senior vice president global engineering and sustainability. “We are using methane that otherwise would be released into the atmosphere as a greenhouse gas emission and converting it to power our trucks while assisting to promote the use of this renewable fuel in transportation.”

The deal is part of an initiative declared earlier this year by UPS to significantly expand its use of renewable natural gas in UPS’s alternative fuel and advanced technology fleet. The company has a aim of driving one billion miles with its alternative fuels fleet, known as the Rolling Laboratory by the end of 2017, an effort that is reducing environmental impact and assisting to advance new sustainability solutions and markets.

United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

Shares of UnitedHealth Group Inc (NYSE:UNH), inclined 0.81% to $118.36, during its current trading session.

UnitedHealth Group (UNH) will release its financial results for the fourth quarter and full year 2015 on Tuesday, January 19, 2016, before the market opens. Stephen J. Hemsley, chief executive officer, will host a teleconference at 8:45 a.m. ET to discuss the results with analysts and investors.

UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s United Healthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.

Finally, Centene Corp (NYSE:CNC), gained 1.41%, and is now trading at $66.07.

Centene Corporation (CNC) declared it raised its 2015 earnings guidance and declared 2016 financial guidance. The Company now anticipates 2015 earnings per diluted share of $2.90 to $2.94 (not taking into account Health Net merger related costs) and affirms its 2015 revenue guidance in the formerly declared range for premium and service revenues of $21.0 billion to $21.3 billion.

For 2016 guidance purposes, the Company is providing combined guidance and has assumed the Health Net transaction closes on February 1, 2016. The Health Net transaction remains subject to regulatory approval and the Company continues to expect the transaction to close early in 2016. For its 2016 fiscal year, the Company anticipates the following results from ongoing operations:

  • Total revenues in the range of $41.2 billion to $42.0 billion.
  • GAAP earnings per diluted share of about $2.85 to $3.15.
  • Adjusted earnings per diluted share of about $4.10 to $4.40.

Adjusted earnings per diluted share excludes about $0.65 to $0.70 per diluted share of Health Net merger related expenses and total intangible amortization associated with acquisitions of $0.55 to $0.60 per diluted share.

Centene Corporation operates as a diversified, multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates in two segments, Managed Care and Specialty Services.

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