Molina Healthcare, Inc. to Post FY2020 Earnings of $11.68 Per Share, Jefferies Financial Group Forecasts (MOH)
Molina Healthcare, Inc. (NYSE:MOH) – Investment analysts at Jefferies Financial Group lifted their FY2020 earnings estimates for shares of Molina Healthcare in a note issued to investors on Thursday, May 30th. Jefferies Financial Group analyst D. Windley now forecasts that the company will earn $11.68 per share for the year, up from their prior forecast of $11.32.
MOH has been the topic of a number of other reports. Barclays restated a “hold” rating and set a $140.00 price target on shares of Molina Healthcare in a research report on Sunday, May 5th. Morgan Stanley increased their price target on Molina Healthcare from $180.00 to $192.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 13th. Cowen started coverage on Molina Healthcare in a research report on Thursday, February 28th. They set a “market perform” rating on the stock. BMO Capital Markets upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $154.00 to $200.00 in a research report on Monday. Finally, Wells Fargo & Co upgraded Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 price target on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $160.92.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Monday, April 29th. The company reported $3.04 EPS for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.63. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.07 billion. Molina Healthcare had a return on equity of 49.21% and a net margin of 4.35%. Molina Healthcare’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in Molina Healthcare by 15,114.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock valued at $25,000 after buying an additional 2,842,645 shares during the last quarter. Parallel Advisors LLC boosted its position in Molina Healthcare by 97.9% in the 1st quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock valued at $26,000 after buying an additional 92 shares during the last quarter. Coastal Investment Advisors Inc. bought a new position in Molina Healthcare in the 1st quarter valued at $32,000. Rockefeller Capital Management L.P. bought a new position in Molina Healthcare in the 1st quarter valued at $43,000. Finally, Cornerstone Advisors Inc. boosted its position in Molina Healthcare by 3,577.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 331 shares of the company’s stock valued at $47,000 after buying an additional 322 shares during the last quarter.
In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $126.30, for a total value of $126,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by company insiders.
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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