Molina Healthcare, Inc. (NYSE:MOH) Expected to Announce Earnings of $2.56 Per Share

Equities research analysts predict that Molina Healthcare, Inc. (NYSE:MOH) will post $2.56 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Molina Healthcare’s earnings, with the highest EPS estimate coming in at $2.64 and the lowest estimate coming in at $2.40. Molina Healthcare reported earnings per share of $2.25 in the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The company is expected to issue its next earnings report on Tuesday, July 30th.

On average, analysts expect that Molina Healthcare will report full-year earnings of $10.93 per share for the current financial year, with EPS estimates ranging from $10.65 to $11.14. For the next financial year, analysts anticipate that the firm will post earnings of $11.75 per share, with EPS estimates ranging from $11.00 to $12.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Molina Healthcare.

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, topping analysts’ consensus estimates of $2.41 by $0.63. Molina Healthcare had a return on equity of 49.21% and a net margin of 4.35%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The business’s revenue was down 11.3% on a year-over-year basis.

A number of research firms have weighed in on MOH. BMO Capital Markets raised Molina Healthcare from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $154.00 to $200.00 in a research report on Monday, June 3rd. Bank of America reiterated an “underperform” rating and set a $132.00 price objective (up previously from $129.00) on shares of Molina Healthcare in a research note on Tuesday, April 30th. Wells Fargo & Co upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research note on Friday, May 31st. Finally, Barclays upped their price objective on Molina Healthcare from $140.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $160.92.

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $126.30, for a total value of $126,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Garrey Carruthers sold 1,300 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $152.75, for a total value of $198,575.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,304 shares of company stock worth $945,495. Company insiders own 0.77% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its stake in 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 acquiring an additional 2,842,645 shares during the period. Parallel Advisors LLC raised its stake in Molina Healthcare by 97.9% in the 1st quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock valued at $26,000 after acquiring an additional 92 shares during the period. Cornerstone Advisors Inc. raised its stake in Molina Healthcare by 3,577.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 331 shares of the company’s stock valued at $47,000 after acquiring an additional 322 shares during the period. FTB Advisors Inc. raised its stake in Molina Healthcare by 367.6% in the 1st quarter. FTB Advisors Inc. now owns 346 shares of the company’s stock valued at $48,000 after acquiring an additional 272 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new stake in Molina Healthcare in the 1st quarter valued at $54,000.

NYSE:MOH opened at $143.14 on Wednesday. Molina Healthcare has a twelve month low of $97.00 and a twelve month high of $159.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average price is $140.56. The firm has a market cap of $8.96 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.96 and a beta of 1.37.

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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