Molina Healthcare (NYSE:MOH – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 23.500- for the period, compared to the consensus estimate of 23.510. The company issued revenue guidance of $38.0 billion-$38.0 billion, compared to the consensus revenue estimate of $39.8 billion. Molina Healthcare also updated its FY24 guidance to $23.50 EPS.
Molina Healthcare Stock Performance
Shares of NYSE MOH traded down $9.23 during trading hours on Wednesday, reaching $274.73. The stock had a trading volume of 1,660,072 shares, compared to its average volume of 509,641. The business’s fifty day moving average is $337.46 and its two-hundred day moving average is $330.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.15 and a beta of 0.58. Molina Healthcare has a twelve month low of $272.69 and a twelve month high of $423.92.
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the company posted $5.65 earnings per share. Molina Healthcare’s revenue was up 18.7% on a year-over-year basis. As a group, research analysts expect that Molina Healthcare will post 23.5 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on MOH
Insider Activity
In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the transaction, the director now owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
Molina Healthcare Company Profile
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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