Q1 2018 EPS Estimates for Molina Healthcare, Inc. Increased by Analyst (MOH)

Molina Healthcare, Inc. (NYSE:MOH) – Research analysts at Jefferies Group upped their Q1 2018 earnings per share (EPS) estimates for Molina Healthcare in a report issued on Wednesday. Jefferies Group analyst D. Windley now anticipates that the company will post earnings of $0.75 per share for the quarter, up from their prior forecast of $0.67. Jefferies Group has a “Hold” rating and a $80.00 price objective on the stock. Jefferies Group also issued estimates for Molina Healthcare’s Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.19 EPS and FY2018 earnings at $3.79 EPS.

A number of other equities analysts have also recently commented on MOH. Morgan Stanley reduced their price target on Molina Healthcare from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets reduced their price target on Molina Healthcare from $98.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday. Zacks Investment Research upgraded Molina Healthcare from a “sell” rating to a “hold” rating in a report on Monday, November 6th. ValuEngine upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Leerink Swann lifted their price target on Molina Healthcare from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.50.

Molina Healthcare (MOH) opened at $73.25 on Thursday. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $93.98. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $4,504.23, a PE ratio of -8.12, a P/E/G ratio of 0.90 and a beta of 1.10.

In other news, insider William Dentino sold 45,000 shares of Molina Healthcare stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $75.35, for a total value of $3,390,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Terry Bayer sold 2,804 shares of Molina Healthcare stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $91.63, for a total transaction of $256,930.52. Following the completion of the sale, the chief operating officer now owns 70,092 shares of the company’s stock, valued at $6,422,529.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 708,805 shares of company stock valued at $56,405,369. Corporate insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOH. FMR LLC acquired a new stake in shares of Molina Healthcare in the second quarter valued at approximately $9,420,000. California Public Employees Retirement System raised its position in shares of Molina Healthcare by 4.6% in the second quarter. California Public Employees Retirement System now owns 70,300 shares of the company’s stock valued at $4,863,000 after buying an additional 3,100 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Molina Healthcare by 19.1% in the second quarter. Voya Investment Management LLC now owns 20,561 shares of the company’s stock valued at $1,422,000 after buying an additional 3,291 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Molina Healthcare by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 95,490 shares of the company’s stock valued at $6,607,000 after buying an additional 1,652 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Molina Healthcare by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 16,659 shares of the company’s stock valued at $1,152,000 after buying an additional 364 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

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Molina Healthcare Company Profile

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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