Analysts Offer Predictions for Molina Healthcare, Inc.’s Q3 2019 Earnings (MOH)
Molina Healthcare, Inc. (NYSE:MOH) – Equities researchers at Jefferies Financial Group upped their Q3 2019 earnings per share estimates for shares of Molina Healthcare in a research report issued on Friday, April 12th. Jefferies Financial Group analyst D. Windley now forecasts that the company will earn $2.66 per share for the quarter, up from their prior estimate of $2.65. Jefferies Financial Group also issued estimates for Molina Healthcare’s Q4 2019 earnings at $2.34 EPS.
A number of other research firms have also weighed in on MOH. Wolfe Research lowered shares of Molina Healthcare from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 3rd. Stephens began coverage on shares of Molina Healthcare in a research report on Monday, January 14th. They issued an “equal weight” rating and a $144.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Molina Healthcare from $180.00 to $192.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 13th. JPMorgan Chase & Co. raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $127.00 to $150.00 in a research report on Tuesday, January 8th. Finally, Mitsubishi UFJ Financial Group raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $144.42.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Monday, February 11th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $2.36. Molina Healthcare had a net margin of 3.74% and a return on equity of 45.70%. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.56 billion.
In other Molina Healthcare news, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $136.66, for a total value of $27,332.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.77% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its stake in shares of Molina Healthcare by 276.4% in the fourth quarter. Raymond James & Associates now owns 14,974 shares of the company’s stock worth $1,740,000 after purchasing an additional 10,996 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Molina Healthcare by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 318,231 shares of the company’s stock worth $36,985,000 after purchasing an additional 1,551 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Molina Healthcare in the fourth quarter worth about $158,000. Iron Financial LLC increased its stake in shares of Molina Healthcare by 20.0% in the fourth quarter. Iron Financial LLC now owns 3,000 shares of the company’s stock worth $349,000 after purchasing an additional 500 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Molina Healthcare by 8.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 15,972 shares of the company’s stock valued at $1,856,000 after acquiring an additional 1,206 shares in the last quarter.
About Molina Healthcare
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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