Molina Healthcare (NYSE:MOH – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Molina Healthcare to post earnings of $6.02 per share for the quarter. Molina Healthcare has set its FY24 guidance at $23.50 EPS and its FY 2024 guidance at 23.500- EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Molina Healthcare (NYSE:MOH – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the company posted $5.65 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts expect Molina Healthcare to post $24 EPS for the current fiscal year and $27 EPS for the next fiscal year.
Molina Healthcare Trading Down 1.1 %
Shares of MOH opened at $286.52 on Tuesday. The firm’s 50-day moving average is $338.57 and its two-hundred day moving average is $331.56. The firm has a market capitalization of $16.79 billion, a P/E ratio of 15.55, a PEG ratio of 1.15 and a beta of 0.58. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. Molina Healthcare has a twelve month low of $282.96 and a twelve month high of $423.92.
Insider Buying and Selling at Molina Healthcare
Analysts Set New Price Targets
Several analysts have weighed in on the company. TD Cowen lowered their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Stephens restated an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a research report on Thursday, July 25th. Jefferies Financial Group dropped their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Finally, Truist Financial dropped their price objective on Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $378.00.
Get Our Latest Research Report on Molina Healthcare
Molina Healthcare Company Profile
Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.
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