Equities research analysts expect Molina Healthcare, Inc. (NYSE:MOH) to report sales of $4.81 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Molina Healthcare’s earnings, with the highest sales estimate coming in at $5.18 billion and the lowest estimate coming in at $4.65 billion. Molina Healthcare posted sales of $4.90 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.8%. The firm is scheduled to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Molina Healthcare will report full year sales of $4.81 billion for the current fiscal year, with estimates ranging from $18.53 billion to $18.84 billion. For the next financial year, analysts forecast that the business will report sales of $17.32 billion per share, with estimates ranging from $16.03 billion to $22.04 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Molina Healthcare.
MOH has been the topic of several analyst reports. Jefferies Group increased their price objective on Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Goldman Sachs Group initiated coverage on Molina Healthcare in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 price objective on the stock. Wolfe Research upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Morgan Stanley increased their price objective on Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Finally, ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Molina Healthcare currently has a consensus rating of “Hold” and an average price target of $73.73.
In other Molina Healthcare news, insider William Dentino sold 67,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $74.24, for a total value of $5,011,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J Mario Md Molina sold 15,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $78.52, for a total value of $1,177,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 668,292 shares of company stock worth $53,340,151. 6.20% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Molina Healthcare by 53.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock worth $165,334,000 after purchasing an additional 751,800 shares during the last quarter. Jana Partners LLC grew its holdings in shares of Molina Healthcare by 52.5% during the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after purchasing an additional 731,992 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of Molina Healthcare during the fourth quarter worth about $128,179,000. Victory Capital Management Inc. grew its holdings in shares of Molina Healthcare by 36.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,590,409 shares of the company’s stock worth $121,953,000 after purchasing an additional 420,756 shares during the last quarter. Finally, Tiedemann Wealth Management LLC grew its holdings in shares of Molina Healthcare by 7.8% during the third quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after purchasing an additional 103,775 shares during the last quarter. Institutional investors own 96.22% of the company’s stock.
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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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