Molina Healthcare (NYSE:MOH) Posts Earnings Results, Beats Estimates By $0.10 EPS

Molina Healthcare (NYSE:MOH) announced its quarterly earnings results on Wednesday. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10, FiscalAI reports. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%. The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $10.86 billion.

Molina Healthcare Price Performance

NYSE MOH traded down $4.93 during trading on Wednesday, reaching $214.79. The company’s stock had a trading volume of 1,174,328 shares, compared to its average volume of 1,283,487. The stock has a market capitalization of $11.21 billion, a PE ratio of -1,193.21, a P/E/G ratio of 30.14 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a fifty day moving average of $200.31 and a 200 day moving average of $194.98. Molina Healthcare has a one year low of $121.06 and a one year high of $244.89.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MOH. Sanford C. Bernstein set a $286.00 target price on Molina Healthcare in a report on Monday, July 13th. Wall Street Zen downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Sunday, October 4th. Zacks Research cut shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Royal Bank Of Canada decreased their target price on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Finally, Wells Fargo & Company lowered their target price on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $202.44.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.

The company’s services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.