Molina Healthcare, Inc. (MOH)
| Market Cap | 17.11B |
| Revenue (ttm) | 35.85B |
| Net Income (ttm) | 1.07B |
| Shares Out | 58.60M |
| EPS (ttm) | 18.42 |
| PE Ratio | 15.85 |
| Forward PE | 11.77 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 307,809 |
| Open | 292.35 |
| Previous Close | 292.16 |
| Day's Range | 289.66 - 295.14 |
| 52-Week Range | 288.79 - 423.92 |
| Beta | 0.58 |
| Analysts | Buy |
| Price Target | 407.64 (+39.6%) |
| Earnings Date | Jul 24, 2024 |
About MOH
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. [Read more]
Financial Performance
In 2023, MOH's revenue was $34.07 billion, an increase of 6.56% compared to the previous year's $31.97 billion. Earnings were $1.09 billion, an increase of 37.75%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for MOH stock is "Buy." The 12-month stock price forecast is $407.64, which is an increase of 39.60% from the latest price.
News
Molina Healthcare of Texas Medical Director of Maternal and Women's Health Appointed to Texas Maternal Mortality and Morbidity Committee
HOUSTON--(BUSINESS WIRE)--Molina Healthcare of Texas medical director of maternal and women's health appointed to Texas Maternal Mortality and Morbidity Committee.
Molina Healthcare of New Mexico Supporting Residents Impacted By New Mexico Wildfires
RUIDOSO, N.M.--(BUSINESS WIRE)--Molina Healthcare of New Mexico supporting residents impacted by New Mexico wildfires.
Molina Healthcare Donates West Louisville Property to Jefferson County Public Schools for New Middle School
LOUISVILLE, Ky.--(BUSINESS WIRE)--Molina Healthcare donates west Louisville property to Jefferson County Public Schools for new middle school.
Molina Healthcare Announces Second Quarter 2024 Earnings Release and Conference Call Dates
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) today announced it will issue its earnings release for the second quarter ending June 30, 2024, after the market closes on Wedn...
Supporting Youth Behavioral Health a Top Priority for Molina Healthcare of Nevada
CARSON CITY, Nev.--(BUSINESS WIRE)--Supporting youth behavioral health a top priority for Molina Healthcare of Nevada.
Molina Healthcare of Nevada Addresses Physician and Health Care Worker Burnout
LAS VEGAS--(BUSINESS WIRE)--Molina Healthcare of Nevada addresses physician and health care worker burnout.
Molina Healthcare of Wisconsin Receives Notice of Intent to Award New Region 5 Contract
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) announced today that the Wisconsin Department of Health Services (DHS) intends to make an award for the purchase of services in...
Molina Healthcare beats profit estimates aided by higher premiums
Molina Healthcare beat Wall Street estimates for first-quarter earnings on Wednesday, aided by higher premiums in its government-backed Medicaid insurance plans for people with low income.
Molina Healthcare Reports First Quarter 2024 Financial Results
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported first quarter 2024 GAAP earnings per diluted share of $5.17 and adjusted earnings per diluted sh...
Molina Healthcare of Nevada Donates $2.8 Million to Local Partners to Improve Access to Care
LAS VEGAS--(BUSINESS WIRE)--Molina Healthcare of Nevada donates $2.8 Million to local partners to improve access to care.
Molina Healthcare Wins Michigan Medicaid Contract
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) announced today that the Michigan Department of Health and Human Services (MDHHS) intends to award ...
Molina Healthcare of Illinois Donates $250K to Chicago's South Side Birth Center in Support of Maternal and Infant Health Equity
CHICAGO--(BUSINESS WIRE)--Molina Healthcare of Illinois donates $250K to Chicago's South Side Birth Center in support of maternal and infant health equity.
Molina Healthcare Announces First Quarter 2024 Earnings Release and Conference Call Dates
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) today announced details for the release of its results for the first quarter ending March 31, 2024. Molina Healthcare will issu...
Molina Healthcare Provides Update on the Virginia Cardinal Care Managed Care Contract
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) announced today that its Virginia health plan subsidiary, Molina Healthcare of Virginia, was not se...
Molina Healthcare of Illinois Expands Provider Network to Include Rush University System for Health
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Molina Healthcare of Illinois expands provider network to include Rush University System for Health.
Molina Healthcare beats Q4 profit estimates on higher premiums
Molina Healthcare beat Wall Street estimates for fourth-quarter profit on Wednesday, benefiting from higher premiums.
Molina Healthcare Reports Fourth Quarter and Year-End 2023 Financial Results
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported fourth quarter 2023 GAAP earnings per diluted share of $3.70 and adjusted earnings per diluted s...
Molina Healthcare Announces Fourth Quarter and Year-End 2023 Earnings Release and Conference Call Dates
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) today announced details for the release of its results for the fourth quarter and year ended December 31, 2023. Molina Healthca...
Molina Healthcare Announces the Closing of its Acquisition of Bright Healthcare's California Medicare Business
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) today announced that its acquisition of Bright Healthcare's California Medicare business closed effective as of January 1, 2024...
Molina Healthcare Amends Terms for Acquisition of Bright HealthCare's California Medicare Business
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) announced today that on December 13, 2023, the Company amended its purchase agreement for the acqui...
'Ten-bagger' stocks are the 'holy grail': Strategist
As Wall Street weighs whether markets can sustain November's rally, investors are spotting opportunities. eToro Global Markets Strategist Ben Laidler joined Yahoo Finance Live to analyze high-growth "...
Molina Healthcare beats profit estimates despite higher medical costs
Molina Healthcare on Wednesday beat Wall Street estimates for third-quarter profit as a rise in memberships offset higher medical costs caused by a rebound in elective surgeries.
Molina Healthcare Reports Third Quarter 2023 Financial Results
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported third quarter 2023 GAAP earnings per diluted share of $4.21 and adjusted earnings per diluted sh...
Molina Healthcare of Michigan and The MolinaCares Accord Invest $4.5 Million to Improve Health Equity for Underserved Michiganders
DETROIT--(BUSINESS WIRE)--Molina Healthcare of Michigan and The MolinaCares Accord invest $4.5 million to improve health equity for underserved Michiganders.
Molina Healthcare Announces Third Quarter 2023 Earnings Release and Conference Call Dates
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) today announced details for the release of its results for the third quarter ending September 30, 2023. Molina Healthcare will ...