Molina Healthcare, Inc. (MOH)
| Market Cap | 16.85B |
| Revenue (ttm) | 37.54B |
| Net Income (ttm) | 1.14B |
| Shares Out | 57.20M |
| EPS (ttm) | 19.66 |
| PE Ratio | 14.99 |
| Forward PE | 11.36 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 584,711 |
| Open | 284.40 |
| Previous Close | 282.50 |
| Day's Range | 283.50 - 294.80 |
| 52-Week Range | 272.69 - 423.92 |
| Beta | 0.59 |
| Analysts | Buy |
| Price Target | 369.42 (+25.38%) |
| Earnings Date | Oct 23, 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, Molina Healthcare's revenue was $33.00 billion, an increase of 6.12% compared to the previous year's $31.10 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 $369.42, which is an increase of 25.38% from the latest price.
News
Molina Healthcare of Michigan Partners with Instacart to Address Food Insecurity for Expectant Moms
LANSING, Mich.--(BUSINESS WIRE)--Molina Healthcare of Michigan partners with Instacart to address food insecurity for expectant moms.
Molina Healthcare Announces Closing of Offering of $750 Million of 6.250% Senior Notes Due 2033
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today announced the closing of its previously announced offering of $750 million aggregate principal amount of ...
Molina Healthcare Announces Pricing of $750 Million of 6.250% Senior Notes Due 2033
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today announced that it priced $750 million aggregate principal amount of its 6.250% senior notes due 2033 (the...
Molina Healthcare Announces Proposed Offering of $500 Million of Senior Notes Due 2033
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today announced that it intends to privately offer, subject to market and other conditions, $500 million aggreg...
Analyzing And Valuing Molina Healthcare As A Solid Company
Molina Healthcare increased its Medicaid membership by 49.55% between 2019 and 2023. The Medicaid health program, which represents 91% of Molina Healthcare's revenues, is expected to grow 5.2% annuall...
Trump Win Gives Some U.S. Health Insurers A Post-Election Bump On Wall Street
Several US health insurers saw notable stock price gains following the reelection of former US President Donald Trump amid an expectation of less federal scrutiny. Humana Inc. experienced the largest ...
The MolinaCares Accord and Molina Healthcare of Florida Donate $75,000 to Disaster Relief Efforts Following Hurricanes
MIAMI--(BUSINESS WIRE)--The MolinaCares Accord and Molina Healthcare of Florida donate $75,000 to disaster relief efforts following hurricanes.
Molina Healthcare Stock Soars 18% as Premium Revenue Surges
Molina Healthcare (MOH) shares skyrocketed 18%, scoring one of the top performances among S&P 500 stocks on Thursday, after the health insurer reported better-than-expected results. Increased premium ...
Molina Healthcare, Inc. (MOH) Q3 2024 Earnings Call Transcript
Molina Healthcare, Inc. (NYSE:MOH) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Jeffrey Geyer - Head of Investor Relations Joe Zubretsky - President, Chief Execut...
This Health Insurer's Stock Is Rising Just as Much as Tesla Thursday. Here's Why.
Molina Healthcare easily beats quarterly estimates for earnings and revenue.
Molina Healthcare beats third-quarter profit estimates on higher premiums
Molina Healthcare beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher premiums at its government-backed Medicaid insurance plans for the low-income population.
Molina Healthcare Reports Third Quarter 2024 Financial Results
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported third quarter 2024 GAAP earnings per diluted share of $5.65 and adjusted earnings per diluted sh...
Harris trades: These healthcare stocks could rally if she wins — or drop if Trump triumphs
Certain healthcare stocks rank among the “Harris trades,” meaning stocks that could rally on a win by Democratic presidential nominee Kamala Harris. Meanwhile, small-cap banks are among the stocks tha...
Molina Healthcare Q3 Earnings Preview - Cost Fears Flare Up
Rising medical costs and poor earnings from peers like Elevance Health and UnitedHealth have spooked investors, impacting Molina's stock. MOH's upcoming Q3 earnings have downside risks if industry tre...
The MolinaCares Accord and Molina Healthcare of Nebraska Provide $50,000 Grant to Community Center to Improve Health Outcomes for Mothers and Youth Living in Poverty
LINCOLN, Neb.--(BUSINESS WIRE)--The MolinaCares Accord and Molina Healthcare of Nebraska provide a $50,000 grant to improve health outcomes for mothers and youth living in poverty.
Molina Healthcare Wins Michigan Contract to Provide a New Dual Eligible Benefit Program
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) has awarded a con...
Molina Healthcare of Nevada Grants $350,000 to UNLV Health Nearly Doubling Access to Care at Ear, Nose and Throat Clinic with State-of-the-Art Equipment and Staffing
LAS VEGAS--(BUSINESS WIRE)--Molina Healthcare of Nevada grants $350,000 to UNLV Health nearly doubling access to care at ENT clinic with state-of-the-art equipment and staffing.
Molina Healthcare of Illinois Awards $250,000 Grant to Ada S. McKinley Community Mental Health Clinic on Chicago's South Side
CHICAGO--(BUSINESS WIRE)--Molina Healthcare of Illinois awards $250,000 grant to Ada S. McKinley Community Mental Health Clinic on Chicago's South Side.
Molina Healthcare Invests $1.25 Million to Improve Health Outcomes of Ohioans Struggling with Behavioral Health and Substance Use Disorders
COLUMBUS, Ohio--(BUSINESS WIRE)--Molina Healthcare invests $1.25 million to improve health outcomes of Ohioans struggling with behavioral health and substance use disorders.
The Molina Healthcare Charitable Foundation Presents $25,000 Grant to Playworks Michigan for Social/Emotional Skill Development Through Recess
DETROIT--(BUSINESS WIRE)--The Molina Healthcare Charitable Foundation presents $25,000 grant to Playworks Michigan for social/emotional skill development through recess.
Molina Healthcare Boosts its Support for Alzheimer's Association with $170,000 Donation for Walk to End Alzheimer's Events
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare boosts its support for Alzheimer's Association with $170,000 donation for Walk to End Alzheimer's events.
Molina Healthcare of Michigan Donates $125,000 to Address Critical Shortage of Professionals Caring for Seniors
LANSING, Mich.--(BUSINESS WIRE)--Molina Healthcare of Michigan donates $125,000 to address critical shortage of professionals caring for seniors.
Molina Healthcare Announces Third Quarter 2024 Earnings Release and Conference Call Dates and Investor Day Meeting
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) today announced it will issue its earnings release for the third quarter ending September 30, 2024,...
10 ‘enhanced value' stocks of companies expected to grow quickly through 2026
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Molina Healthcare Senior Executive Vice President and CFO Mark Keim to Expand Role to Include Leadership of the Medicaid Health Plans and Marketplace Business
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) announced today that Senior Executive Vice President and Chief Financial Officer, Mark Keim, will a...