Molina Healthcare Inc (MOH) Expected to Announce Earnings of $0.08 Per Share
Analysts expect Molina Healthcare Inc (NYSE:MOH) to post earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Molina Healthcare’s earnings, with estimates ranging from ($0.87) to $0.92. Molina Healthcare posted earnings of $0.63 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 87.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Molina Healthcare will report full year earnings of ($2.14) per share for the current financial year, with EPS estimates ranging from ($4.14) to ($0.75). For the next financial year, analysts anticipate that the company will post earnings of $2.89 per share, with EPS estimates ranging from $2.00 to $4.00. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Molina Healthcare.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.21% and a negative net margin of 1.76%. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year.
Several equities research analysts have issued reports on MOH shares. ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $53.00 price objective (up from $50.00) on shares of Molina Healthcare in a research note on Friday, July 14th. Bank of America Corporation lifted their price objective on Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Molina Healthcare in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $64.30.
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In related news, Director J Mario Md Molina sold 15,000 shares of Molina Healthcare stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $67.73, for a total value of $1,015,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Molina sold 22,868 shares of Molina Healthcare stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $65.63, for a total value of $1,500,826.84. Following the completion of the transaction, the director now owns 494,661 shares of the company’s stock, valued at $32,464,601.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 398,853 shares of company stock valued at $25,242,273. 6.20% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Tavio Capital LLC lifted its holdings in Molina Healthcare by 418.0% during the 3rd quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock worth $36,937,000 after buying an additional 433,485 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Molina Healthcare by 6,812.6% during the 2nd quarter. Acadian Asset Management LLC now owns 415,587 shares of the company’s stock worth $28,748,000 after buying an additional 409,575 shares during the last quarter. Koch Industries Inc. purchased a new stake in Molina Healthcare during the 2nd quarter worth about $323,000. York Capital Management Global Advisors LLC purchased a new stake in Molina Healthcare during the 2nd quarter worth about $19,289,000. Finally, Naya Capital Management UK Ltd. lifted its holdings in Molina Healthcare by 225.7% during the 2nd quarter. Naya Capital Management UK Ltd. now owns 363,093 shares of the company’s stock worth $25,119,000 after buying an additional 251,600 shares during the last quarter. Hedge funds and other institutional investors own 95.22% of the company’s stock.
Molina Healthcare (MOH) opened at $79.18 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $3.94 billion, a PE ratio of 21.43 and a beta of 0.91.
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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