Equities research analysts expect Molina Healthcare, Inc. (NYSE:MOH) to report earnings of $2.41 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Molina Healthcare’s earnings, with estimates ranging from $2.06 to $2.80. Molina Healthcare reported earnings per share of $1.71 during the same quarter last year, which would suggest a positive year-over-year growth rate of 40.9%. The company is scheduled to report its next earnings results after the market closes on Monday, April 29th.
According to Zacks, analysts expect that Molina Healthcare will report full year earnings of $9.92 per share for the current year, with EPS estimates ranging from $9.56 to $10.54. For the next year, analysts anticipate that the business will post earnings of $10.66 per share, with EPS estimates ranging from $9.95 to $11.50. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Molina Healthcare.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Monday, February 11th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $2.36. Molina Healthcare had a return on equity of 45.70% and a net margin of 3.74%. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.56 billion.
A number of research analysts have recently commented on MOH shares. ValuEngine raised Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Wolfe Research cut Molina Healthcare from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 3rd. JPMorgan Chase & Co. raised Molina Healthcare from a “neutral” rating to an “overweight” rating and upped their price target for the company from $127.00 to $150.00 in a research report on Tuesday, January 8th. Mitsubishi UFJ Financial Group raised Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 8th. Finally, Stephens started coverage on Molina Healthcare in a research report on Monday, January 14th. They set an “equal weight” rating and a $144.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Molina Healthcare has a consensus rating of “Hold” and an average price target of $144.83.
In related news, Director Ronna Romney sold 200 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $136.66, for a total transaction of $27,332.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.77% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc lifted its holdings in Molina Healthcare by 14.0% during the 3rd quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock worth $858,538,000 after purchasing an additional 709,776 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Molina Healthcare by 15,114.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock worth $25,000 after purchasing an additional 2,842,645 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Molina Healthcare by 14.6% during the 4th quarter. Acadian Asset Management LLC now owns 1,153,036 shares of the company’s stock worth $134,010,000 after purchasing an additional 146,951 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in Molina Healthcare by 43.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 1,057,983 shares of the company’s stock worth $122,959,000 after purchasing an additional 320,543 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Molina Healthcare by 8.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 888,660 shares of the company’s stock valued at $132,144,000 after acquiring an additional 67,069 shares in the last quarter.
Shares of NYSE MOH traded up $4.22 during trading on Friday, reaching $128.49. 553,870 shares of the stock traded hands, compared to its average volume of 923,686. Molina Healthcare has a 52-week low of $80.77 and a 52-week high of $154.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $7.75 billion, a PE ratio of 11.60, a P/E/G ratio of 1.00 and a beta of 1.68.
About Molina Healthcare
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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