Molina Healthcare (MOH) Releases Earnings Results, Misses Estimates By $4.74 EPS

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.

A number of brokerages have recently issued reports on MOH. JPMorgan Chase & Co. upgraded shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 16th. Leerink Swann boosted their price target on shares of Molina Healthcare from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Morgan Stanley dropped their price target on shares of Molina Healthcare from $97.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Finally, ValuEngine downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Molina Healthcare presently has an average rating of “Hold” and an average target price of $71.21.

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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.

Earnings History for Molina Healthcare (NYSE:MOH)

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