Molina Healthcare (MOH) Releases Earnings Results, Beats Expectations By $2.36 EPS

Molina Healthcare (NYSE:MOH) announced its quarterly earnings results on Monday. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $2.36, Morningstar.com reports. Molina Healthcare had a return on equity of 30.50% and a net margin of 1.27%. Molina Healthcare updated its FY 2019 guidance to $9.25-9.75 EPS.

Shares of MOH opened at $137.09 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.40 and a quick ratio of 1.40. Molina Healthcare has a 52-week low of $71.07 and a 52-week high of $154.06. The company has a market capitalization of $8.55 billion, a P/E ratio of 244.80, a price-to-earnings-growth ratio of 1.18 and a beta of 1.67.

A number of analysts have recently commented on the company. Zacks Investment Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $155.00 price target for the company in a research note on Tuesday, October 23rd. Jefferies Financial Group raised Molina Healthcare from a “hold” rating to a “buy” rating and upped their price target for the company from $152.00 to $169.00 in a research note on Tuesday, November 13th. ValuEngine cut Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Friday, December 21st. Mitsubishi UFJ Financial Group raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 8th. Finally, Wolfe Research cut Molina Healthcare from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Molina Healthcare currently has a consensus rating of “Buy” and a consensus price target of $141.15.

In related news, Director Ronna Romney sold 200 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $141.23, for a total value of $28,246.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Z. Fedak sold 3,795 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $120.74, for a total value of $458,208.30. Following the completion of the transaction, the director now owns 18,464 shares of the company’s stock, valued at $2,229,343.36. The disclosure for this sale can be found here. Insiders sold a total of 5,395 shares of company stock valued at $671,770 over the last quarter. 0.65% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc grew its position in shares of Molina Healthcare by 14.0% in the 3rd quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock valued at $858,538,000 after purchasing an additional 709,776 shares during the period. FMR LLC grew its position in shares of Molina Healthcare by 85.3% in the 2nd quarter. FMR LLC now owns 4,584,133 shares of the company’s stock valued at $448,970,000 after purchasing an additional 2,110,308 shares during the period. Renaissance Technologies LLC grew its position in shares of Molina Healthcare by 33.2% in the 3rd quarter. Renaissance Technologies LLC now owns 3,738,755 shares of the company’s stock valued at $555,953,000 after purchasing an additional 932,905 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Molina Healthcare by 15,114.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock valued at $25,000 after purchasing an additional 2,842,645 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Molina Healthcare by 14.6% in the 4th quarter. Acadian Asset Management LLC now owns 1,153,036 shares of the company’s stock valued at $134,010,000 after purchasing an additional 146,951 shares during the period.

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Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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Earnings History for Molina Healthcare (NYSE:MOH)

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