Molina Healthcare (MOH) Expected to Announce Earnings on Wednesday

Molina Healthcare (NYSE:MOH) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $5.74 per share and revenue of $10.32 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Molina Healthcare Trading Down 1.6 %

Shares of MOH opened at $306.93 on Wednesday. The stock’s 50-day moving average price is $296.51 and its 200 day moving average price is $317.66. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $17.56 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 0.94 and a beta of 0.54. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MOH shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $359.18.

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.