Q1 2018 Earnings Forecast for Molina Healthcare, Inc. (MOH) Issued By Leerink Swann

Molina Healthcare, Inc. (NYSE:MOH) – Research analysts at Leerink Swann issued their Q1 2018 earnings per share estimates for Molina Healthcare in a report issued on Wednesday. Leerink Swann analyst A. Gupte expects that the company will earn $0.93 per share for the quarter. Leerink Swann has a “Outperform” rating and a $105.00 price target on the stock. Leerink Swann also issued estimates for Molina Healthcare’s Q2 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $4.10 EPS and FY2021 earnings at $5.95 EPS.

Several other research analysts also recently commented on MOH. Wolfe Research upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating in a research report on Monday, October 23rd. Jefferies Group boosted their price objective on shares of Molina Healthcare from $64.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $68.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Finally, ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.50.

Molina Healthcare (MOH) opened at $73.25 on Thursday. Molina Healthcare has a 1 year low of $42.56 and a 1 year high of $93.98. The company has a market cap of $4,504.23, a P/E ratio of -8.12, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.29 and a current ratio of 1.35.

In other Molina Healthcare news, Director John C. Molina sold 6,400 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $78.18, for a total transaction of $500,352.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J Mario Md Molina sold 203,240 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.02, for a total transaction of $15,043,824.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 708,805 shares of company stock worth $56,405,369. Insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of MOH. Iridian Asset Management LLC CT bought a new stake in shares of Molina Healthcare during the fourth quarter worth $128,179,000. Southpoint Capital Advisors LP bought a new stake in shares of Molina Healthcare in the fourth quarter worth $60,577,000. Renaissance Technologies LLC grew its stake in shares of Molina Healthcare by 53.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,156,150 shares of the company’s stock worth $165,334,000 after purchasing an additional 751,800 shares during the last quarter. Jana Partners LLC grew its stake in shares of Molina Healthcare by 52.5% in the third quarter. Jana Partners LLC now owns 2,125,351 shares of the company’s stock worth $146,139,000 after purchasing an additional 731,992 shares during the last quarter. Finally, Tavio Capital LLC grew its stake in shares of Molina Healthcare by 418.0% in the third quarter. Tavio Capital LLC now owns 537,192 shares of the company’s stock worth $36,937,000 after purchasing an additional 433,485 shares during the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Q1 2018 Earnings Forecast for Molina Healthcare, Inc. (MOH) Issued By Leerink Swann” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.themarketsdaily.com/2018/02/15/q1-2018-earnings-forecast-for-molina-healthcare-inc-moh-issued-by-leerink-swann.html.

Molina Healthcare Company Profile

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply