Q4 2019 EPS Estimates for Molina Healthcare, Inc. (MOH) Lowered by Piper Jaffray Companies

Molina Healthcare, Inc. (NYSE:MOH) – Research analysts at Piper Jaffray Companies lowered their Q4 2019 EPS estimates for Molina Healthcare in a report released on Tuesday, February 12th. Piper Jaffray Companies analyst S. James now expects that the company will post earnings per share of $1.52 for the quarter, down from their previous forecast of $1.53. Piper Jaffray Companies also issued estimates for Molina Healthcare’s Q1 2020 earnings at $2.71 EPS, Q2 2020 earnings at $3.23 EPS and Q4 2020 earnings at $1.66 EPS.

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Several other analysts have also recently issued reports on MOH. Zacks Investment Research raised shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $155.00 price target on the stock in a research report on Tuesday, October 23rd. ValuEngine cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Jefferies Financial Group raised shares of Molina Healthcare from a “hold” rating to a “buy” rating and increased their price target for the stock from $152.00 to $169.00 in a research report on Tuesday, November 13th. Wolfe Research cut shares of Molina Healthcare from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 3rd. Finally, JPMorgan Chase & Co. raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $127.00 to $150.00 in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $141.77.

Shares of MOH opened at $135.34 on Friday. The stock has a market cap of $8.44 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.67. Molina Healthcare has a 1 year low of $71.07 and a 1 year high of $154.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.40 and a current ratio of 1.52.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Monday, February 11th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $2.36. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Molina Healthcare had a net margin of 3.74% and a return on equity of 45.70%.

In related news, Director Ronna Romney sold 200 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $132.72, for a total value of $26,544.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles Z. Fedak sold 3,795 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $120.74, for a total transaction of $458,208.30. Following the completion of the sale, the director now directly owns 18,464 shares in the company, valued at approximately $2,229,343.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,395 shares of company stock worth $535,910. 0.65% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $103,000. Amalgamated Bank raised its holdings in Molina Healthcare by 48.6% in the fourth quarter. Amalgamated Bank now owns 14,137 shares of the company’s stock valued at $1,643,000 after acquiring an additional 4,622 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Molina Healthcare by 1.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 42,900 shares of the company’s stock valued at $4,986,000 after acquiring an additional 805 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in Molina Healthcare during the fourth quarter worth approximately $540,000. Finally, Macquarie Group Ltd. raised its holdings in Molina Healthcare by 477.6% during the fourth quarter. Macquarie Group Ltd. now owns 65,549 shares of the company’s stock worth $7,618,000 after purchasing an additional 54,200 shares in the last quarter.

Molina Healthcare Company Profile

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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