Molina Healthcare, Inc. (NYSE:MOH) Expected to Announce Quarterly Sales of $6.74 Billion

Equities research analysts expect that Molina Healthcare, Inc. (NYSE:MOH) will announce $6.74 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Molina Healthcare’s earnings, with the highest sales estimate coming in at $6.84 billion and the lowest estimate coming in at $6.56 billion. Molina Healthcare posted sales of $5.02 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 34.3%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, October 27th.

On average, analysts expect that Molina Healthcare will report full-year sales of $27.07 billion for the current year, with estimates ranging from $26.35 billion to $27.95 billion. For the next year, analysts anticipate that the business will post sales of $30.31 billion, with estimates ranging from $28.43 billion to $31.84 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Molina Healthcare.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 28th. The company reported $3.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.47 by ($0.07). The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.37 billion. Molina Healthcare had a return on equity of 28.54% and a net margin of 2.68%.

A number of equities analysts have weighed in on MOH shares. Credit Suisse Group upped their price target on Molina Healthcare from $280.00 to $318.00 and gave the stock an “outperform” rating in a research report on Monday, September 20th. Truist Securities lifted their target price on Molina Healthcare from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, September 20th. Cowen assumed coverage on Molina Healthcare in a report on Thursday, September 9th. They set an “outperform” rating and a $336.00 price target for the company. Seaport Global Securities began coverage on Molina Healthcare in a research report on Friday, July 9th. They issued a “neutral” rating and a $257.25 price objective on the stock. Finally, Seaport Res Ptn reiterated a “neutral” rating on shares of Molina Healthcare in a research note on Friday, July 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare has an average rating of “Buy” and a consensus target price of $287.22.

In other news, Director Ronna Romney sold 300 shares of the stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $265.16, for a total transaction of $79,548.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dale B. Wolf sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $277.19, for a total transaction of $692,975.00. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Profund Advisors LLC lifted its stake in Molina Healthcare by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 3,914 shares of the company’s stock valued at $990,000 after buying an additional 44 shares in the last quarter. Fifth Third Bancorp lifted its stake in Molina Healthcare by 58.1% in the 1st quarter. Fifth Third Bancorp now owns 136 shares of the company’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Molina Healthcare by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,727 shares of the company’s stock worth $2,462,000 after purchasing an additional 52 shares in the last quarter. Alamar Capital Management LLC lifted its stake in Molina Healthcare by 0.6% in the 2nd quarter. Alamar Capital Management LLC now owns 8,368 shares of the company’s stock worth $2,118,000 after purchasing an additional 53 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Molina Healthcare by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,684 shares of the company’s stock worth $679,000 after purchasing an additional 54 shares in the last quarter. 93.65% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MOH traded down $2.86 during trading hours on Friday, reaching $284.78. 1,109 shares of the company’s stock were exchanged, compared to its average volume of 314,505. The company’s 50-day moving average is $264.87 and its two-hundred day moving average is $254.48. Molina Healthcare has a one year low of $152.49 and a one year high of $288.53. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

Molina Healthcare Company Profile

Molina Healthcare, Inc engages in the provision of health care services. It operates through the Health Plans and Other segments. The Health Plans segment consists of health plans in 11 states and the Commonwealth of Puerto Rico and includes direct delivery business. The Other segment includes the historical results of the MMIS and behavioral health subsidiaries.

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Earnings History and Estimates for Molina Healthcare (NYSE:MOH)

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