Molina Healthcare, Inc.

MOH

US60855R1005

Managed Healthcare

Market Closed - Nyse Other stock markets 04:00:02 2024-05-03 pm EDT			5-day change	1st Jan Change
339.7 ^USD	+0.04%		-0.75%	-5.99%

Apr. 30	TD Cowen Adjusts Price Target on Molina Healthcare to $412 From $453, Keeps Buy Rating	MT
Apr. 29	Wells Fargo Adjusts Price Target on Molina Healthcare to $375 From $410	MT

Molina Healthcare, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 24, 2024 at 04:15 pm EDT

Molina Healthcare, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 9,931 million compared to USD 8,149 million a year ago. Net income was USD 301 million compared to USD 321 million a year ago.

Diluted earnings per share from continuing operations was USD 5.17 compared to USD 5.52 a year ago.

Latest news about Molina Healthcare, Inc.

TD Cowen Adjusts Price Target on Molina Healthcare to $412 From $453, Keeps Buy Rating	Apr. 30	MT
Wells Fargo Adjusts Price Target on Molina Healthcare to $375 From $410	Apr. 29	MT
Jefferies Adjusts Price Target on Molina Healthcare to $354 From $393	Apr. 26	MT
Goldman Sachs Adjusts Molina Healthcare Price Target to $442 From $463	Apr. 26	MT
Barclays Adjusts Molina Healthcare Price Target to $430 From $437	Apr. 25	MT
Transcript : Molina Healthcare, Inc., Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
Molina Healthcare beats profit estimates aided by higher premiums	Apr. 24	RE
Molina Healthcare Q1 Adjusted Earnings Fall, Revenue Rises; 2024 Adjusted EPS Outlook Affirmed	Apr. 24	MT
Earnings Flash (MOH) MOLINA HEALTHCARE Reports Q1 Revenue $9.93B, vs. Street Est of $9.43B	Apr. 24	MT
Earnings Flash (MOH) MOLINA HEALTHCARE Posts Q1 EPS $5.73, vs. Street Est of $5.64	Apr. 24	MT
Molina Healthcare, Inc. Re-Affirms Earnings Guidance for the Full Year 2024	Apr. 24	CI
Molina Healthcare, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
Molina Healthcare Shares Down After Price Target Cuts	Apr. 15	MT
Wells Fargo Cuts Price Target on Molina Healthcare to $410 From $440, Keeps Equalweight Rating	Apr. 15	MT
Truist Securities Adjusts Price Target on Molina Healthcare to $440 From $460	Apr. 15	MT
Molina Healthcare Selected for Medicaid Service Contract in Michigan	Apr. 11	MT
All eyes on Powell	Apr. 03
BofA Securities Downgrades Molina Healthcare to Underperform From Neutral Reflecting Lower Risk-Reward, Price Target is $439	Mar. 28	MT
Molina Healthcare Receives a Shareholder Proposal from John Chevedden	Mar. 21	CI
Wells Fargo Raises Price Target on Molina Healthcare to $440 From $420, Maintains Equal-Weight Rating	Mar. 20	MT
Molina Healthcare Insider Sold Shares Worth $401,050, According to a Recent SEC Filing	Feb. 21	MT
Truist Adjusts Price Target on Molina Healthcare to $460 From $435, Maintains Buy Rating	Feb. 20	MT
Molina Healthcare Insider Sold Shares Worth $597,570, According to a Recent SEC Filing	Feb. 16	MT
Molina Healthcare Insider Sold Shares Worth $299,340, According to a Recent SEC Filing	Feb. 16	MT
Wells Fargo Upgrades Molina Healthcare to Equalweight From Underweight, Adjusts Price Target $420 From $367	Feb. 15	MT

Chart Molina Healthcare, Inc.

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Company Profile

Molina Healthcare, Inc. specializes in the provision of health care services managed within the Medicaid and Medicare health insurance and coverage programs, and through the health insurance marketplace, financed by the States and the Federal Government of the United States. Revenues break down by activity as follows: - Health care services within the Medicaid program (80.9%): services for low-income individuals, families and people with disabilities; - health care services within the Medicare program (12.9%): services for the elderly and people with certain diseases, covered by the Medicare health insurance program; - operating a health insurance marketplace (6.2%; Marketplace): a platform for offering health insurance plans, and allowing members of the Medicaid program, whose rising incomes have taken them out of eligibility, to purchase federally subsidized health insurance policies. The group also offers virtual care services. At the end of 2023, Molina Healthcare, Inc. had approximately 5 million members broken down by program between Medicaid (4.5 million members), Medicare (0.2 million) and Marketplace (0.5 million). All revenues are earned in the United States.

Sector

Managed Healthcare

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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S&P 500

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Analysis / Opinion

Molina Healthcare, Inc. : A small insurer with a big vision

June 02, 2023 at 10:35 am EDT

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Ratings for Molina Healthcare, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

339.7 USD

Average target price

404.3 USD

Spread / Average Target

+19.01%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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