Molina Healthcare, Inc. (NYSE:MOH) – Stock analysts at Mitsubishi UFJ Financial Group raised their Q4 2019 EPS estimates for Molina Healthcare in a research note issued on Tuesday, April 30th, according to Zacks Investment Research. Mitsubishi UFJ Financial Group analyst J. Twizell now forecasts that the company will earn $2.77 per share for the quarter, up from their prior forecast of $2.76. Mitsubishi UFJ Financial Group also issued estimates for Molina Healthcare’s Q2 2020 earnings at $2.74 EPS, Q3 2020 earnings at $2.82 EPS and Q4 2020 earnings at $2.94 EPS.
Several other brokerages also recently commented on MOH. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $180.00 to $192.00 and gave the company an “overweight” rating in a research report on Wednesday, February 13th. Barclays restated a “hold” rating and set a $140.00 price objective on shares of Molina Healthcare in a research report on Sunday, May 5th. Bank of America restated an “underperform” rating and set a $132.00 price objective (up from $129.00) on shares of Molina Healthcare in a research report on Tuesday, April 30th. Finally, Cowen started coverage on shares of Molina Healthcare in a research report on Thursday, February 28th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $147.50.
MOH traded up $4.69 during trading on Thursday, hitting $132.14. 666,789 shares of the stock traded hands, compared to its average volume of 869,624. Molina Healthcare has a twelve month low of $83.31 and a twelve month high of $154.06. The company has a market cap of $8.38 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.57.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Monday, April 29th. The company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.63. Molina Healthcare had a net margin of 4.35% and a return on equity of 49.21%. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was down 11.3% on a year-over-year basis.
In other news, Director Ronna Romney sold 200 shares of the company’s stock in a transaction on Friday, March 1st. The shares were 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 can be accessed through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $126.30, for a total transaction of $126,300.00. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Cleararc Capital Inc. bought a new stake in shares of Molina Healthcare in the first quarter worth $227,000. Ashford Capital Management Inc. grew its stake in shares of Molina Healthcare by 13.3% in the first quarter. Ashford Capital Management Inc. now owns 5,265 shares of the company’s stock worth $747,000 after purchasing an additional 620 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Molina Healthcare in the first quarter worth $2,177,000. Maverick Capital Ltd. bought a new stake in shares of Molina Healthcare in the first quarter worth $7,072,000. Finally, Sio Capital Management LLC grew its stake in shares of Molina Healthcare by 4.8% in the first quarter. Sio Capital Management LLC now owns 44,928 shares of the company’s stock worth $6,378,000 after purchasing an additional 2,059 shares during the last quarter.
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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