$7.58 Billion in Sales Expected for Molina Healthcare, Inc. (NYSE:MOH) This Quarter

Equities research analysts expect that Molina Healthcare, Inc. (NYSE:MOHGet Rating) will post $7.58 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Molina Healthcare’s earnings. The lowest sales estimate is $7.30 billion and the highest is $7.72 billion. Molina Healthcare reported sales of $6.80 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Molina Healthcare will report full year sales of $30.29 billion for the current financial year, with estimates ranging from $30.21 billion to $30.38 billion. For the next fiscal year, analysts expect that the business will report sales of $31.53 billion, with estimates ranging from $29.92 billion to $34.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Molina Healthcare.

Molina Healthcare (NYSE:MOHGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $4.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.16. The company had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.54 billion. Molina Healthcare had a net margin of 2.37% and a return on equity of 31.85%. During the same period last year, the business posted $4.44 EPS.

A number of research firms have recently commented on MOH. Cowen raised their price objective on shares of Molina Healthcare from $356.00 to $366.00 in a report on Monday, May 2nd. Cowen raised their price objective on shares of Molina Healthcare from $356.00 to $366.00 in a report on Monday, May 2nd. BMO Capital Markets raised their price objective on shares of Molina Healthcare from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Monday, February 14th. Truist Financial lifted their price target on shares of Molina Healthcare from $360.00 to $390.00 in a report on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Molina Healthcare from $308.00 to $311.00 in a report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $330.95.

NYSE:MOH opened at $309.53 on Monday. The company has a 50-day moving average of $324.80 and a 200-day moving average of $310.13. The company has a market capitalization of $18.17 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.10 and a beta of 0.80. Molina Healthcare has a 52 week low of $239.20 and a 52 week high of $350.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.44 and a current ratio of 1.44.

In other news, insider Jeff D. Barlow sold 5,000 shares of Molina Healthcare stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $315.00, for a total transaction of $1,575,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $307.94, for a total transaction of $61,588.00. Following the sale, the director now owns 16,657 shares of the company’s stock, valued at approximately $5,129,356.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,186 shares of company stock valued at $1,944,337. Insiders own 1.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MOH. Allspring Global Investments Holdings LLC acquired a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $38,143,000. UBS Group AG boosted its holdings in shares of Molina Healthcare by 231.3% in the third quarter. UBS Group AG now owns 43,013 shares of the company’s stock valued at $11,669,000 after buying an additional 30,029 shares during the period. Tealwood Asset Management Inc. acquired a new position in shares of Molina Healthcare in the third quarter valued at approximately $1,587,000. Victory Capital Management Inc. boosted its holdings in shares of Molina Healthcare by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 580,060 shares of the company’s stock valued at $184,506,000 after buying an additional 4,684 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Molina Healthcare by 8.5% in the fourth quarter. Bank of America Corp DE now owns 284,533 shares of the company’s stock valued at $90,504,000 after buying an additional 22,347 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Molina Healthcare Company Profile (Get Rating)

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. It operates in four segments, Medicaid, Medicare, Marketplace, and Other. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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