Molina Healthcare Inc (MOH) to Release Earnings on Wednesday
Molina Healthcare Inc (NYSE:MOH) is scheduled to release its earnings data after the market closes on Wednesday, August 2nd. Analysts expect Molina Healthcare to post earnings of $0.86 per share for the quarter.
Molina Healthcare Inc (MOH) traded down 1.757% on Thursday, hitting $68.485. The stock had a trading volume of 337,821 shares. The company’s 50-day moving average price is $69.80 and its 200 day moving average price is $58.57. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 36.800 and a beta of 0.91. Molina Healthcare Inc has a one year low of $42.56 and a one year high of $72.50.
In related news, Director Daniel Cooperman sold 7,542 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $65.74, for a total transaction of $495,811.08. Following the completion of the sale, the director now directly owns 11,992 shares of the company’s stock, valued at approximately $788,354.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William Dentino sold 66,000 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $68.68, for a total transaction of $4,532,880.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,319 shares of company stock valued at $13,292,378. 6.20% of the stock is owned by corporate insiders.
A number of analysts have recently commented on the company. Credit Suisse Group restated an “underperform” rating and set a $53.00 price objective (up from $50.00) on shares of Molina Healthcare in a report on Friday, July 14th. Bank of America Corporation upped their price objective on Molina Healthcare from $59.00 to $60.00 and gave the stock an “underperform” rating in a report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $72.00 price objective on shares of Molina Healthcare in a report on Friday, July 14th. Stifel Nicolaus restated a “sell” rating and set a $60.00 price objective on shares of Molina Healthcare in a report on Friday, July 14th. Finally, Zacks Investment Research downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $60.37.
About Molina Healthcare
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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