Molina Healthcare Inc (NYSE:MOH) issued its quarterly earnings data on Thursday. The company reported ($1.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85), Bloomberg Earnings reports. Molina Healthcare had a positive return on equity of 17.21% and a negative net margin of 1.76%. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.95 billion. During the same period last year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.
Shares of Molina Healthcare (NYSE MOH) traded up $10.16 on Friday, hitting $79.18. 6,460,000 shares of the company’s stock were exchanged, compared to its average volume of 1,287,506. The firm has a market cap of $4,522.60, a price-to-earnings ratio of 24.59 and a beta of 0.91. Molina Healthcare has a 52 week low of $42.56 and a 52 week high of $79.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.24 and a current ratio of 1.24.
A number of research analysts have recently weighed in on MOH shares. ValuEngine cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Credit Suisse Group reissued an “underperform” rating and set a $53.00 price objective (up from $50.00) on shares of Molina Healthcare in a research note on Friday, July 14th. Bank of America Corporation raised their price objective on shares of Molina Healthcare from $59.00 to $60.00 and gave the stock an “underperform” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $72.00 price objective on shares of Molina Healthcare in a research note on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Molina Healthcare presently has a consensus rating of “Hold” and a consensus price target of $64.30.
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In other Molina Healthcare news, Director John C. Molina sold 25,295 shares of Molina Healthcare stock in a transaction on 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 transaction, the director now owns 585,859 shares in the company, valued at approximately $34,759,014.47. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William Dentino sold 66,000 shares of Molina Healthcare stock in a transaction on Monday, August 7th. The shares were sold at an average price of $60.09, for a total transaction of $3,965,940.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 398,853 shares of company stock worth $25,242,273. 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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