Zacks Research Has Bearish Estimate for MOH FY2024 Earnings

Molina Healthcare, Inc. (NYSE:MOH) – Research analysts at Zacks Research lowered their FY2024 earnings per share estimates for Molina Healthcare in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $23.53 per share for the year, down from their previous estimate 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.

Several other research firms have also recently weighed in on MOH. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Stephens restated an “equal weight” rating and issued a $320.00 target price on shares of Molina Healthcare in a research note on Thursday, July 25th. Jefferies Financial Group dropped their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. TD Cowen decreased their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $292.19 on Monday. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $16.71 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. The firm’s 50 day simple moving average is $328.20 and its 200 day simple moving average is $325.54.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share 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 business had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the firm earned $5.05 EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new position in Molina Healthcare in the 2nd quarter worth approximately $36,000. True Wealth Design LLC grew its holdings in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Molina Healthcare in the second quarter worth $40,000. AM Squared Ltd purchased a new position in shares of Molina Healthcare in the second quarter worth $59,000. Finally, Capital Performance Advisors LLP bought a new stake in Molina Healthcare during the 3rd quarter valued at $62,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

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.