Equities Analysts Offer Predictions for MOH FY2024 Earnings

Molina Healthcare, Inc. (NYSE:MOH - Free Report) - Research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Molina Healthcare in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $23.53 per share for the year, down from their prior 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.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating analysts' consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the previous year, the firm posted $5.05 earnings per share. Molina Healthcare's quarterly revenue was up 21.0% compared to the same quarter last year.

MOH has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Molina Healthcare from $354.00 to $353.00 and set a "hold" rating for the company in a research report on Monday, July 29th. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays boosted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective 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. Finally, Stephens reissued an "equal weight" rating and set a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $367.17.

Molina Healthcare Stock Performance

Shares of NYSE MOH traded down $2.28 during midday trading on Monday, hitting $292.06. 587,608 shares of the company's stock were exchanged, compared to its average volume of 539,639. 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's 50 day moving average price is $328.20 and its 200-day moving average price is $325.54. The firm has a market cap of $16.71 billion, a P/E ratio of 14.95, a PEG ratio of 1.01 and a beta of 0.59. Molina Healthcare has a twelve month low of $272.69 and a twelve month high of $423.92.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in Molina Healthcare during the second quarter worth $36,000. True Wealth Design LLC boosted its stake 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 acquiring an additional 100 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Molina Healthcare during the second quarter worth $40,000. AM Squared Ltd acquired a new position in Molina Healthcare during the second quarter worth $59,000. Finally, Capital Performance Advisors LLP acquired a new position in Molina Healthcare during the third quarter worth $62,000. 98.50% of the stock is owned by institutional investors.

About Molina Healthcare

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.