Molina Healthcare, Inc. (NYSE:MOH) Expected to Post Quarterly Sales of $6.41 Billion

Equities analysts expect Molina Healthcare, Inc. (NYSE:MOH) to report $6.41 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Molina Healthcare’s earnings, with the lowest sales estimate coming in at $6.36 billion and the highest estimate coming in at $6.45 billion. Molina Healthcare reported sales of $4.62 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 29th.

On average, analysts expect that Molina Healthcare will report full year sales of $25.44 billion for the current financial year, with estimates ranging from $24.15 billion to $26.87 billion. For the next year, analysts expect that the business will report sales of $26.76 billion, with estimates ranging from $25.65 billion to $27.96 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Molina Healthcare.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, April 28th. The company reported $4.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.78 by $0.66. Molina Healthcare had a return on equity of 43.16% and a net margin of 4.37%. The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.08 billion. During the same period last year, the company earned $2.92 earnings per share. The firm’s revenue for the quarter was up 43.4% on a year-over-year basis.

A number of research firms recently weighed in on MOH. Mizuho increased their price target on Molina Healthcare from $245.00 to $273.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. Zacks Investment Research lowered Molina Healthcare from a “hold” rating to a “sell” rating and set a $267.00 price objective for the company. in a research report on Tuesday, April 20th. Truist Securities raised their price target on Molina Healthcare from $260.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, April 20th. Truist raised their price target on Molina Healthcare from $260.00 to $290.00 in a research note on Wednesday, April 14th. Finally, Barclays reaffirmed an “overweight” rating and set a $260.00 price target on shares of Molina Healthcare in a research note on Thursday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $246.86.

Shares of NYSE:MOH traded down $4.56 during midday trading on Wednesday, reaching $260.48. The company had a trading volume of 236,417 shares, compared to its average volume of 324,871. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.96 and a current ratio of 1.96. Molina Healthcare has a 1-year low of $151.40 and a 1-year high of $273.01. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.74. The company has a fifty day simple moving average of $248.42 and a two-hundred day simple moving average of $223.70.

In other Molina Healthcare news, Director Ronna Romney sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, May 12th. The stock was sold at an average price of $261.05, for a total value of $326,312.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeff D. Barlow sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $265.04, for a total value of $795,120.00. Following the transaction, the insider now owns 77,162 shares in the company, valued at approximately $20,451,016.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,750 shares of company stock valued at $1,466,176. Insiders own 1.07% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MOH. Ontario Teachers Pension Plan Board acquired a new stake in Molina Healthcare during the first quarter worth approximately $1,617,000. Ashford Capital Management Inc. grew its position in Molina Healthcare by 9.4% during the first quarter. Ashford Capital Management Inc. now owns 9,355 shares of the company’s stock worth $2,187,000 after buying an additional 806 shares in the last quarter. MML Investors Services LLC grew its position in Molina Healthcare by 2.0% during the first quarter. MML Investors Services LLC now owns 4,563 shares of the company’s stock worth $1,067,000 after buying an additional 90 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Molina Healthcare by 183.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,437 shares of the company’s stock worth $3,375,000 after buying an additional 9,347 shares in the last quarter. Finally, Donoghue Forlines LLC acquired a new stake in Molina Healthcare during the first quarter worth approximately $1,867,000. Institutional investors own 94.89% of the company’s stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. The company operates in two segments, Health Plans and Other. As of December 31, 2020, it served approximately 4.0 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 15 states.

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

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