COOL VALLEY (dpa-AFX) - Express Scripts Holding Company (ESRX) narrowed 2016 adjusted earnings per share guidance to a range of $6.33 to $6.43, from a range of $6.31 to $6.43. Th revised guidance raises the mid-point from $6.37 to $6.38. The increased adjusted earnings per share guidance range represents growth of 14% to 16% over 2015. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.35. Analysts' estimates typically exclude special items.
The company increased its expected 2017 retention rate for the 2016 selling season to a range of 96% - 98%, excluding the impact of the remaining Coventry business rolling off in 2017, representing approximately 1% of claims.
For the third-quarter, the company now projects adjusted earnings per share to be in a range of $1.72 to $1.76, up 19% to 21% from last year. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.72.
For second quarter 2016, adjusted claims were $315.3 million, down 2% year-over-year. Earnings per share was $1.13, up 28% from last year. Adjusted earnings per share was $1.57, up 9%. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.57 for the quarter.
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