Molina Healthcare, Inc. (NYSE:MOH - Free Report) - Equities researchers at Zacks Research decreased their FY2024 earnings estimates for shares of Molina Healthcare in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the company will earn $23.53 per share for the year, down from their previous forecast of $23.64. The consensus estimate for Molina Healthcare's current full-year earnings is $23.44 per share. Zacks Research also issued estimates for Molina Healthcare's Q4 2024 earnings at $5.93 EPS, Q2 2025 earnings at $6.63 EPS, Q3 2025 earnings at $6.60 EPS, Q4 2025 earnings at $6.91 EPS, Q2 2026 earnings at $7.85 EPS and Q3 2026 earnings at $6.83 EPS.
Several other analysts have also weighed in on the stock. Stephens reiterated an "equal weight" rating and set a $320.00 target price on shares of Molina Healthcare in a research report on Thursday, July 25th. Wells Fargo & Company raised their target price on Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Barclays boosted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, TD Cowen dropped their target price on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $367.17.
Check Out Our Latest Analysis on MOH
Shares of MOH stock opened at $294.34 on Monday. Molina Healthcare has a one year low of $272.69 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The stock has a fifty day moving average price of $328.20 and a 200 day moving average price of $325.54. The stock has a market cap of $16.84 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59.
Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. During the same quarter last year, the company earned $5.05 earnings per share. The firm's revenue was up 21.0% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Molina Healthcare during the 2nd quarter worth $36,000. True Wealth Design LLC boosted its holdings in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after buying an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare during the 2nd quarter worth about $40,000. AM Squared Ltd bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at about $59,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare in the 3rd quarter valued at approximately $62,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Molina Healthcare, Inc provides managed healthcare 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. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.
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