Brokerages predict that Molina Healthcare, Inc. (NYSE:MOH) will post earnings per share (EPS) of $0.24 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Molina Healthcare’s earnings. The lowest EPS estimate is ($0.63) and the highest is $0.94. Molina Healthcare reported earnings per share of $0.63 during the same quarter last year, which would suggest a negative year over year growth rate of 61.9%. The company is expected to report its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Molina Healthcare will report full-year earnings of ($3.88) per share for the current financial year, with EPS estimates ranging from ($4.79) to ($3.22). For the next year, analysts anticipate that the firm will report earnings of $3.10 per share, with EPS estimates ranging from $2.00 to $4.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Molina Healthcare.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85). The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.95 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS.
A number of research analysts have issued reports on the company. Leerink Swann upped their price objective on Molina Healthcare from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Goldman Sachs Group assumed coverage on Molina Healthcare in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 price objective for the company. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, January 2nd. Raymond James Financial restated a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Finally, ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $70.86.
Molina Healthcare (NYSE MOH) opened at $85.82 on Friday. The stock has a market capitalization of $4,899.81, a price-to-earnings ratio of -14.14, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $86.39.
In other news, Director Garrey Carruthers sold 1,300 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $75.66, for a total transaction of $98,358.00. Following the completion of the transaction, the director now owns 7,016 shares in the company, valued at approximately $530,830.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Molina sold 19,433 shares of the stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $77.22, for a total value of $1,500,616.26. Following the sale, the director now directly owns 414,915 shares in the company, valued at approximately $32,039,736.30. The disclosure for this sale can be found here. Insiders have sold a total of 701,945 shares of company stock valued at $51,351,863 in the last quarter. 6.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Molina Healthcare by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,619,435 shares of the company’s stock worth $250,392,000 after purchasing an additional 66,206 shares in the last quarter. Jana Partners LLC lifted its holdings in Molina Healthcare by 52.5% during the 3rd quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after purchasing an additional 731,992 shares in the last quarter. Tiedemann Wealth Management LLC lifted its holdings in Molina Healthcare by 7.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares in the last quarter. Northern Trust Corp lifted its holdings in Molina Healthcare by 14.5% during the 2nd quarter. Northern Trust Corp now owns 900,946 shares of the company’s stock worth $62,328,000 after purchasing an additional 113,808 shares in the last quarter. Finally, Rothschild Asset Management Inc. lifted its holdings in Molina Healthcare by 6.1% during the 3rd quarter. Rothschild Asset Management Inc. now owns 706,683 shares of the company’s stock worth $48,592,000 after purchasing an additional 40,737 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.
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Molina Healthcare Company Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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