News stories about Molina Healthcare (NYSE:MOH) have been trending somewhat positive on Saturday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Molina Healthcare earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.0226830205732 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Molina Healthcare Inc (MOH) Quick Review of the Numbers - Berry Recorder (berryrecorder.com)
- Molina Healthcare (MOH) Incurs Loss in Q2, Revenues Beat - Nasdaq (nasdaq.com)
- Molina Healthcare Inc (MOH) Cut to Hold at BidaskClub (americanbankingnews.com)
- Jefferies Group Weighs in on Molina Healthcare Inc’s FY2019 Earnings (NYSE:MOH) (americanbankingnews.com)
- $4.83 Billion in Sales Expected for Molina Healthcare Inc (NYSE:MOH) This Quarter (americanbankingnews.com)
A number of research firms recently weighed in on MOH. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Thursday, May 4th. BidaskClub lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Credit Suisse Group reissued an “underperform” rating and issued a $53.00 price target (up from $50.00) on shares of Molina Healthcare in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price target on shares of Molina Healthcare in a report on Thursday, June 8th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Molina Healthcare currently has a consensus rating of “Hold” and an average target price of $60.75.
Shares of Molina Healthcare (NYSE MOH) opened at 59.80 on Friday. Molina Healthcare has a 12-month low of $42.56 and a 12-month high of $72.79. The stock’s 50 day moving average is $69.82 and its 200-day moving average is $58.86. The company’s market capitalization is $3.35 billion.
Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.87. Molina Healthcare had a negative return on equity of 3.93% and a negative net margin of 1.07%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the prior year, the company posted $0.67 EPS. Molina Healthcare’s revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Molina Healthcare will post $2.20 earnings per share for the current year.
In related news, Director J Mario Md Molina sold 15,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $66.09, for a total transaction of $991,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William Dentino sold 66,000 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $68.68, for a total transaction of $4,532,880.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,384 shares of company stock valued at $12,796,072. 6.20% of the stock is owned by company insiders.
Molina Healthcare Company Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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