$2.77 EPS Expected for Molina Healthcare, Inc. (NYSE:MOH) This Quarter

Equities analysts predict that Molina Healthcare, Inc. (NYSE:MOH) will announce earnings of $2.77 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Molina Healthcare’s earnings, with the lowest EPS estimate coming in at $2.64 and the highest estimate coming in at $2.88. Molina Healthcare posted earnings of $2.72 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Molina Healthcare will report full year earnings of $11.24 per share for the current fiscal year, with EPS estimates ranging from $10.90 to $11.65. For the next year, analysts anticipate that the business will post earnings of $11.93 per share, with EPS estimates ranging from $11.50 to $13.06. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Molina Healthcare.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Tuesday, July 30th. The company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.55. Molina Healthcare had a return on equity of 51.49% and a net margin of 4.48%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the company posted $3.08 EPS. The business’s revenue was down 14.1% on a year-over-year basis.



MOH has been the topic of several research analyst reports. Wells Fargo & Co upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 target price on the stock in a research report on Friday, May 31st. Barclays upped their target price on Molina Healthcare from $140.00 to $149.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. ValuEngine upgraded Molina Healthcare from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Morgan Stanley upped their target price on Molina Healthcare from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Finally, Bank of America restated an “underperform” rating and set a $140.00 target price (up previously from $132.00) on shares of Molina Healthcare in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Molina Healthcare currently has an average rating of “Hold” and an average price target of $163.36.

In related news, Director Daniel Cooperman sold 4,004 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $155.00, for a total transaction of $620,620.00. Following the sale, the director now owns 4,096 shares in the company, valued at approximately $634,880. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Garrey Carruthers sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was 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 90 days, insiders have sold 5,679 shares of company stock worth $868,556. 0.77% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Molina Healthcare by 0.4% during the 2nd quarter. BlackRock Inc. now owns 5,752,811 shares of the company’s stock worth $823,458,000 after buying an additional 22,368 shares during the period. Renaissance Technologies LLC raised its stake in Molina Healthcare by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,831,905 shares of the company’s stock worth $548,499,000 after buying an additional 136,700 shares during the period. Iridian Asset Management LLC CT raised its stake in Molina Healthcare by 7.7% during the 1st quarter. Iridian Asset Management LLC CT now owns 1,139,103 shares of the company’s stock worth $161,707,000 after buying an additional 81,120 shares during the period. AQR Capital Management LLC raised its stake in Molina Healthcare by 31.7% during the 2nd quarter. AQR Capital Management LLC now owns 954,433 shares of the company’s stock worth $133,945,000 after buying an additional 229,987 shares during the period. Finally, Nuveen Asset Management LLC acquired a new position in Molina Healthcare during the 2nd quarter worth approximately $102,187,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MOH traded up $4.29 during trading on Friday, reaching $138.23. The company had a trading volume of 7,747 shares, compared to its average volume of 535,657. The company’s fifty day moving average price is $138.20 and its 200-day moving average price is $137.52. Molina Healthcare has a 12 month low of $105.28 and a 12 month high of $159.00. The stock has a market cap of $8.60 billion, a P/E ratio of 12.45, a PEG ratio of 1.24 and a beta of 1.25. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.85.

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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