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 guidance of 23.500- for the period. The company issued revenue guidance of -. Molina Healthcare also updated its FY24 guidance to $23.50 EPS.
Molina Healthcare Stock Up 3.5 %
NYSE MOH traded up $11.19 on Friday, reaching $335.36. The company had a trading volume of 1,251,147 shares, compared to its average volume of 770,644. The company’s fifty day moving average is $306.95 and its 200-day moving average is $353.35. The firm has a market capitalization of $19.65 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.49 and a current ratio of 1.57. Molina Healthcare has a 1-year low of $282.96 and a 1-year high of $423.92.
Molina Healthcare (NYSE:MOH – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the firm earned $5.65 earnings per share. Molina Healthcare’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, research analysts forecast that Molina Healthcare will post 23.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Insider Transactions at Molina Healthcare
In other Molina Healthcare news, COO James Woys sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total value of $3,451,500.00. Following the sale, the chief operating officer now owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Molina Healthcare news, COO James Woys sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares in the company, valued at approximately $18,504,526.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the transaction, the director now owns 16,945 shares in the company, valued at approximately $5,816,710.15. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
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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