Report
Vishnu Lekraj
EUR 147.86 For Business Accounts Only

Express Raises Its Retention Rate for 2017; Profits Expand Robustly for the Quarter

We believe Express’ third-quarter results were highly positive and demonstrate the tailwinds ahead for the firm given the keen focus on healthcare costs for many of its payer clients/prospects. In addition, these solid metrics also reflect the value of the PBM business model--especially the increased and relatively high client retention rate. For the third quarter in a row, the firm raised the lower end of its adjusted EPS guidance for 2016 to $6.36-$6.42 from $6.33-$6.43; raising the midpoint t...
Underlying
Express Scripts Holding Company

Express Scripts Holding is a pharmacy benefit management (PBM) company. The company has two reportable segments: PBM, which consists of clinical solutions, Express Scripts SafeGuardRx

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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