Molina Healthcare (NYSE:MOH) issued its quarterly earnings results on Monday. The company reported ($4.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($4.74), Briefing.com reports. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.99 billion. Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.54) EPS. Molina Healthcare updated its FY18 guidance to $3.23-3.73 EPS.
Molina Healthcare (NYSE:MOH) traded down $0.05 during trading on Monday, hitting $78.39. 1,585,615 shares of the company were exchanged, compared to its average volume of 1,391,621. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. Molina Healthcare has a 52 week low of $42.56 and a 52 week high of $93.98. The firm has a market cap of $4,470.00, a P/E ratio of -14.87, a PEG ratio of 0.91 and a beta of 1.10.
In other Molina Healthcare news, Director John C. Molina sold 5,385 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $92.88, for a total transaction of $500,158.80. Following the completion of the sale, the director now owns 414,151 shares in the company, valued at approximately $38,466,344.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Dentino sold 67,500 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $77.15, for a total transaction of $5,207,625.00. The disclosure for this sale can be found here. Insiders have sold a total of 771,455 shares of company stock worth $61,230,420 in the last quarter. 6.20% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: “Molina Healthcare (MOH) Releases Earnings Results, Misses Estimates By $4.74 EPS” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/12/molina-healthcare-moh-releases-earnings-results-misses-estimates-by-4-74-eps.html.
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.
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.