Molina Healthcare, Inc. (MOH) Expected to Announce Earnings of $2.41 Per Share

Equities research analysts expect that Molina Healthcare, Inc. (NYSE:MOH) will announce $2.41 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Molina Healthcare’s earnings. The highest EPS estimate is $2.80 and the lowest is $2.06. Molina Healthcare posted earnings of $1.71 per share during the same quarter last year, which indicates a positive year over year growth rate of 40.9%. The business is expected to report its next quarterly 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 financial year, with EPS estimates ranging from $9.56 to $10.54. For the next year, analysts anticipate that the firm will post earnings of $10.66 per share, with EPS estimates ranging from $9.95 to $11.50. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Molina Healthcare.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Monday, February 11th. The company reported $3.88 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $4.56 billion.

A number of equities analysts have recently commented on the company. Barclays lowered their price target on Molina Healthcare from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Cowen began coverage on Molina Healthcare in a research report on Thursday, February 28th. They issued a “market perform” rating on the stock. Morgan Stanley upped their target price on Molina Healthcare from $180.00 to $192.00 and gave the company an “overweight” rating in a research report on Wednesday, February 13th. 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 downgraded Molina Healthcare from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Molina Healthcare presently has a consensus rating of “Hold” and a consensus price target of $144.83.

In related news, Director Ronna Romney sold 200 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.77% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MOH. Oregon Public Employees Retirement Fund grew its holdings in Molina Healthcare by 15,114.0% during the fourth 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. Vanguard Group Inc grew its holdings in Molina Healthcare by 14.0% during the third 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. Norges Bank bought a new position in Molina Healthcare during the fourth quarter valued at $78,437,000. Iridian Asset Management LLC CT grew its holdings in Molina Healthcare by 43.5% during the fourth quarter. Iridian Asset Management LLC CT now owns 1,057,983 shares of the company’s stock valued at $122,959,000 after purchasing an additional 320,543 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Molina Healthcare by 152.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 448,228 shares of the company’s stock valued at $52,089,000 after purchasing an additional 270,700 shares during the period.

MOH opened at $120.68 on Friday. The firm has a market capitalization of $7.56 billion, a P/E ratio of 10.89, a PEG ratio of 0.97 and a beta of 1.68. Molina Healthcare has a 1 year low of $80.77 and a 1 year high of $154.06. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.74.

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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Earnings History and Estimates for Molina Healthcare (NYSE:MOH)

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