MultiPlan (NYSE:MPLN - Get Free Report) released its earnings results on Tuesday. The company reported ($5.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($13.50) by $8.36, Zacks reports. The company had revenue of $232.10 million during the quarter, compared to analyst estimates of $234.77 million. MultiPlan had a negative net margin of 163.30% and a negative return on equity of 12.14%. MultiPlan updated its FY 2025 guidance to EPS.
MultiPlan Stock Down 4.3 %
MPLN stock traded down $1.01 during midday trading on Friday, hitting $22.50. The company's stock had a trading volume of 204,858 shares, compared to its average volume of 182,062. MultiPlan has a 12 month low of $4.80 and a 12 month high of $47.20. The company has a debt-to-equity ratio of 21.73, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $363.85 million, a price-to-earnings ratio of -0.24 and a beta of 0.13. The business has a 50 day moving average price of $18.63.
Wall Street Analyst Weigh In
Separately, Citigroup increased their target price on shares of MultiPlan from $10.00 to $12.50 and gave the stock a "neutral" rating in a report on Friday, January 10th.
View Our Latest Research Report on MultiPlan
About MultiPlan
(
Get Free Report)
MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services.
See Also
Before you consider MultiPlan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MultiPlan wasn't on the list.
While MultiPlan currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
