$0.02 EPS Expected for Molina Healthcare Inc (MOH) This Quarter
Analysts expect Molina Healthcare Inc (NYSE:MOH) to report earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Molina Healthcare’s earnings, with the lowest EPS estimate coming in at ($0.74) and the highest estimate coming in at $0.64. Molina Healthcare posted earnings of $0.85 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 97.6%. The company is expected to issue its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Molina Healthcare will report full year earnings of ($2.54) per share for the current year, with EPS estimates ranging from ($4.14) to ($1.27). For the next fiscal year, analysts anticipate that the company will report earnings of $2.98 per share, with EPS estimates ranging from $2.00 to $4.30. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Molina Healthcare.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.87. Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis.
Several research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $72.00 target price on shares of Molina Healthcare in a research note on Friday, July 14th. Stifel Nicolaus lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating and increased their target price for the stock from $47.00 to $60.00 in a research note on Wednesday, May 31st. Wolfe Research reissued a “market perform” rating and set a $69.00 target price on shares of Molina Healthcare in a research note on Monday, May 15th. Zacks Investment Research lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, BidaskClub lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $62.39.
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In other news, Director J Mario Md Molina sold 15,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $66.09, for a total value of $991,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Terry Bayer sold 15,088 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $70.00, for a total transaction of $1,056,160.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,486 shares of company stock valued at $21,309,611. 6.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Molina Healthcare by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock valued at $432,000 after purchasing an additional 23 shares during the last quarter. State Treasurer State of Michigan raised its holdings in shares of Molina Healthcare by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,300 shares of the company’s stock valued at $789,000 after purchasing an additional 100 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Molina Healthcare by 2.7% in the second quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the company’s stock valued at $392,000 after purchasing an additional 150 shares during the last quarter. Advantus Capital Management Inc raised its holdings in shares of Molina Healthcare by 2.9% in the first quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock valued at $248,000 after purchasing an additional 153 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Molina Healthcare by 0.3% in the second quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock valued at $3,813,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.
Shares of Molina Healthcare (NYSE MOH) opened at 64.97 on Friday. The company’s 50 day moving average is $63.22 and its 200-day moving average is $59.55. The firm’s market capitalization is $3.71 billion. Molina Healthcare has a one year low of $42.56 and a one year high of $72.79.
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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