Molina Healthcare, Inc. (NYSE:MOH) – Stock analysts at Piper Sandler decreased their Q1 2020 earnings per share (EPS) estimates for Molina Healthcare in a note issued to investors on Tuesday, February 11th. Piper Sandler analyst S. James now forecasts that the company will post earnings per share of $2.83 for the quarter, down from their previous forecast of $3.30. Piper Sandler also issued estimates for Molina Healthcare’s Q2 2020 earnings at $3.02 EPS, Q4 2020 earnings at $2.84 EPS and FY2020 earnings at $11.70 EPS.
Other equities analysts also recently issued research reports about the company. Cfra lifted their price objective on Molina Healthcare from $128.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday. Deutsche Bank boosted their target price on Molina Healthcare from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Jefferies Financial Group downgraded Molina Healthcare from a “buy” rating to a “hold” rating and dropped their target price for the stock from $133.00 to $120.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Molina Healthcare from $150.00 to $152.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets boosted their target price on Molina Healthcare from $152.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $152.10.
Shares of MOH opened at $144.99 on Friday. The stock has a fifty day moving average price of $134.77 and a two-hundred day moving average price of $127.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.78 and a current ratio of 1.78. Molina Healthcare has a 52-week low of $106.50 and a 52-week high of $159.00. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.15 and a beta of 1.15.
Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Monday, February 10th. The company reported $2.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.08. Molina Healthcare had a return on equity of 41.71% and a net margin of 4.38%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the previous year, the company posted $3.07 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year.
In other news, Director Dale B. Wolf sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $135.51, for a total transaction of $474,285.00. Following the completion of the sale, the director now owns 8,461 shares in the company, valued at $1,146,550.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Molina Healthcare by 3,621.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,032,913 shares of the company’s stock valued at $127,017,000 after purchasing an additional 1,005,154 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Molina Healthcare by 105.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,042,744 shares of the company’s stock valued at $141,490,000 after purchasing an additional 534,757 shares during the last quarter. Boston Partners increased its holdings in Molina Healthcare by 60.1% in the third quarter. Boston Partners now owns 927,312 shares of the company’s stock valued at $101,789,000 after purchasing an additional 348,151 shares during the last quarter. Bank of Montreal Can increased its holdings in Molina Healthcare by 176.7% in the fourth quarter. Bank of Montreal Can now owns 360,440 shares of the company’s stock valued at $48,908,000 after purchasing an additional 230,182 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Molina Healthcare by 79.9% in the fourth quarter. Bank of America Corp DE now owns 423,114 shares of the company’s stock valued at $57,413,000 after purchasing an additional 187,906 shares during the last quarter. Institutional investors own 95.64% of the company’s stock.
About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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