$0.14 Earnings Per Share Expected for Molina Healthcare Inc (MOH) This Quarter

Wall Street brokerages forecast that Molina Healthcare Inc (NYSE:MOH) will announce $0.14 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Molina Healthcare’s earnings. The highest EPS estimate is $0.92 and the lowest is ($0.63). Molina Healthcare posted earnings per share of $0.63 during the same quarter last year, which suggests a negative year over year growth rate of 77.8%. The company is expected to issue its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Molina Healthcare will report full-year earnings of ($3.01) per share for the current financial year, with EPS estimates ranging from ($4.79) to ($0.75). For the next year, analysts anticipate that the business will post earnings of $2.97 per share, with EPS estimates ranging from $2.00 to $4.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Molina Healthcare.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.95 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. Molina Healthcare’s revenue for the quarter was up 10.7% compared to the same quarter last year.

A number of equities research analysts have commented on MOH shares. Zacks Investment Research cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Wolfe Research raised Molina Healthcare from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Bank of America Corporation raised their price target on Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a report on Friday, July 14th. Finally, Stifel Nicolaus reissued a “sell” rating and set a $60.00 price target on shares of Molina Healthcare in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.30.

In other Molina Healthcare news, Director John C. Molina sold 25,295 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $59.33, for a total value of $1,500,752.35. Following the completion of the sale, the director now owns 585,859 shares of the company’s stock, valued at $34,759,014.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $60.00, for a total transaction of $60,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 347,708 shares of company stock valued at $22,418,474. 6.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Molina Healthcare by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock worth $432,000 after purchasing an additional 23 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Molina Healthcare by 2.7% during the second quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the company’s stock valued at $392,000 after acquiring an additional 150 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Molina Healthcare by 0.3% during the second quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock valued at $3,813,000 after acquiring an additional 167 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Molina Healthcare by 1.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 14,440 shares of the company’s stock valued at $659,000 after acquiring an additional 240 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Molina Healthcare by 4.3% during the second quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock valued at $431,000 after acquiring an additional 258 shares in the last quarter. 95.88% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare (NYSE:MOH) opened at $78.98 on Friday. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $80.65. The stock has a market cap of $4,510.00, a price-to-earnings ratio of 24.59 and a beta of 0.91. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 1.06.

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About Molina Healthcare

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

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