Molina Healthcare Inc (MOH) Expected to Announce Quarterly Sales of $4.82 Billion

Equities analysts forecast that Molina Healthcare Inc (NYSE:MOH) will announce sales of $4.82 billion for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Molina Healthcare’s earnings. The highest sales estimate is $5.01 billion and the lowest is $4.71 billion. Molina Healthcare reported sales of $4.36 billion during the same quarter last year, which suggests a positive year over year growth rate of 10.6%. The company is expected to announce its next earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Molina Healthcare will report full year sales of $4.82 billion for the current fiscal year, with estimates ranging from $19.37 billion to $19.97 billion. For the next fiscal year, analysts forecast that the business will report sales of $20.74 billion per share, with estimates ranging from $19.24 billion to $21.32 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Molina Healthcare.

A number of analysts have weighed in on MOH shares. Cowen and Company started coverage on shares of Molina Healthcare in a report on Wednesday, March 15th. They issued a “market perform” rating and a $48.00 price target for the company. Zacks Investment Research raised shares of Molina Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Wolfe Research reissued a “market perform” rating and issued a $69.00 price target on shares of Molina Healthcare in a report on Monday, May 15th. TheStreet raised shares of Molina Healthcare from a “c” rating to a “b” rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price target on shares of Molina Healthcare in a report on Friday, March 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.23.

Molina Healthcare (MOH) traded up 0.57% on Friday, hitting $68.79. The stock had a trading volume of 873,429 shares. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $70.08. The company has a 50-day moving average price of $65.91 and a 200-day moving average price of $55.45. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 36.96 and a beta of 0.83.

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In related news, Director Daniel Cooperman sold 7,542 shares of Molina Healthcare stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $65.74, for a total transaction of $495,811.08. Following the completion of the transaction, the director now directly owns 11,992 shares of the company’s stock, valued at approximately $788,354.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Molina sold 15,393 shares of Molina Healthcare stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $65.00, for a total transaction of $1,000,545.00. Following the transaction, the director now directly owns 693,599 shares of the company’s stock, valued at $45,083,935. The disclosure for this sale can be found here. Insiders have sold a total of 92,377 shares of company stock valued at $6,183,534 over the last three months. 6.20% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. State Treasurer State of Michigan increased its position in shares of Molina Healthcare by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,300 shares of the company’s stock valued at $789,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Molina Healthcare by 2.9% in the first quarter. Advantus Capital Management Inc now owns 5,449 shares of the company’s stock valued at $248,000 after buying an additional 153 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Molina Healthcare by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the company’s stock valued at $488,000 after buying an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Molina Healthcare by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,920 shares of the company’s stock valued at $680,000 after buying an additional 200 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of Molina Healthcare by 1.1% in the first quarter. Mason Street Advisors LLC now owns 20,107 shares of the company’s stock valued at $917,000 after buying an additional 217 shares in the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.

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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