MultiPlan (NYSE:MPLN) Releases Earnings Results, Beats Estimates By $8.36 EPS

MultiPlan (NYSE:MPLN - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($5.14) earnings per share for the quarter, beating analysts' consensus estimates of ($13.50) by $8.36, Zacks reports. The firm had revenue of $232.10 million for the quarter, compared to analysts' expectations 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 Performance

Shares of MPLN stock traded down $1.01 during midday trading on Friday, reaching $22.50. 204,858 shares of the company were exchanged, compared to its average volume of 182,062. The business has a 50 day simple moving average of $18.30. The company has a debt-to-equity ratio of 21.73, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $363.85 million, a P/E ratio of -0.24 and a beta of 0.13. MultiPlan has a 12 month low of $4.80 and a 12 month high of $47.20.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price objective on shares of MultiPlan from $10.00 to $12.50 and gave the stock a "neutral" rating in a report on Friday, January 10th.

MultiPlan Company Profile

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.