Elevance Health, Inc.'s (NYSE:ELV) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason? [Yahoo! Finance]
Elevance Health, Inc. (ELV)
Company Research
Source: Yahoo! Finance
Given its impressive performance, we decided to study the company's key financial indicators as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Elevance Health's ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. See our latest analysis for Elevance Health How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Elevance Health is: 15% = US$6.2b ÷ US$41b (Based on the trailing twelve months to March 2024). The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.1
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News
- AM Best Assigns Issue Credit Ratings to Elevance Health, Inc.'s New Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
- Elevance (ELV) Rises 14.9% YTD: What Lies Ahead for Investors? [Yahoo! Finance]Yahoo! Finance
- Elevance Health Foundation Announces $10 Million to Launch New Impact Investing Initiative [Yahoo! Finance]Yahoo! Finance
- Elevance Health, Inc. (NYSE: ELV) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Elevance Health Announces Appearance at Bernstein’s 40th Annual Strategic Decisions ConferenceBusiness Wire
ELV
Earnings
- 4/18/24 - Beat
ELV
Sec Filings
- 5/21/24 - Form 424B3
- 5/20/24 - Form FWP
- 5/20/24 - Form 424B3
- ELV's page on the SEC website