Molina Healthcare (MOH) Releases FY18 Earnings Guidance
Molina Healthcare (NYSE:MOH) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.23-3.73 for the period, compared to the Thomson Reuters consensus estimate of $3.59. The company issued revenue guidance of $18.8 billion, compared to the consensus revenue estimate of $19.86 billion.
Several research firms have recently commented on MOH. JPMorgan Chase & Co. upgraded shares of Molina Healthcare from a neutral rating to an overweight rating in a research report on Tuesday, January 16th. Leerink Swann upped their price objective on shares of Molina Healthcare from $100.00 to $105.00 and gave the company an outperform rating in a research note on Tuesday, January 9th. Morgan Stanley reduced their price objective on shares of Molina Healthcare from $97.00 to $94.00 and set an overweight rating on the stock in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Molina Healthcare from a sell rating to a hold rating in a research note on Monday, November 6th. Finally, ValuEngine downgraded shares of Molina Healthcare from a buy rating to a hold rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $71.21.
Molina Healthcare (NYSE:MOH) opened at $78.39 on Tuesday. 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 firm has a market cap of $4,682.10, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.10. Molina Healthcare has a one year low of $42.56 and a one year high of $93.98.
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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.
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