Molina Healthcare Inc (MOH) Announces Quarterly Earnings Results, Misses Expectations By $1.85 EPS
Molina Healthcare Inc (NYSE:MOH) posted its quarterly earnings data on Thursday. The company reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.85), Bloomberg Earnings reports. The business had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.95 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.21%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share.
Shares of Molina Healthcare (MOH) traded up $10.16 during trading on Friday, hitting $79.18. 6,460,000 shares of the stock were exchanged, compared to its average volume of 1,287,506. Molina Healthcare has a twelve month low of $42.56 and a twelve month high of $79.90. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $4,522.60, a price-to-earnings ratio of 24.59 and a beta of 0.91.
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In related news, insider William Dentino sold 66,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $60.09, for a total transaction of $3,965,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $60.00, for a total transaction of $60,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 398,853 shares of company stock worth $25,242,273. Company insiders own 6.20% of the company’s stock.
A number of research analysts have commented on MOH shares. BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. TheStreet lowered shares of Molina Healthcare from a “b” rating to a “c” rating in a research note on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $72.00 price objective on shares of Molina Healthcare in a research note on Friday, July 14th. ValuEngine lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $72.00 price objective on shares of Molina Healthcare in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.30.
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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