Molina Healthcare (MOH) Announces Earnings Results
Molina Healthcare (NYSE:MOH) announced its quarterly earnings results on Monday. The company reported ($4.52) EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($4.74), Briefing.com reports. The business had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.99 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.54) EPS. Molina Healthcare updated its FY18 guidance to $3.23-3.73 EPS.
Molina Healthcare (MOH) traded down $0.05 during midday trading on Monday, hitting $78.39. 1,585,615 shares of the stock traded hands, compared to its average volume of 1,391,621. Molina Healthcare has a 12-month low of $42.56 and a 12-month high of $93.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $4,470.00, a price-to-earnings ratio of -14.87, a price-to-earnings-growth ratio of 0.91 and a beta of 1.10.
In other news, Director John C. Molina sold 5,385 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $92.88, for a total value of $500,158.80. Following the completion of the sale, the director now owns 414,151 shares in the company, valued at approximately $38,466,344.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Garrey Carruthers sold 1,300 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $75.66, for a total transaction of $98,358.00. Following the completion of the sale, the director now owns 7,016 shares of the company’s stock, valued at approximately $530,830.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 771,455 shares of company stock valued at $61,230,420. Company insiders own 6.20% of the company’s stock.
About Molina Healthcare
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.
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