Molina Healthcare, Inc. (MOH)

NYSE: MOH · IEX Real-Time Price · USD
367.52
+6.58 (1.82%)
Apr 19, 2024, 4:00 PM EDT - Market closed
1.82%
Market Cap 21.53B
Revenue (ttm) 34.07B
Net Income (ttm) 1.09B
Shares Out 58.58M
EPS (ttm) 18.77
PE Ratio 19.58
Forward PE 15.37
Dividend n/a
Ex-Dividend Date n/a
Volume 425,243
Open 363.83
Previous Close 360.94
Day's Range 362.45 - 369.43
52-Week Range 266.35 - 423.92
Beta 0.49
Analysts Buy
Price Target 389.42 (+5.96%)
Earnings Date Apr 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]

Sector Healthcare
IPO Date Jul 2, 2003
Employees 18,000
Stock Exchange NYSE
Ticker Symbol MOH
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for MOH stock is "Buy." The 12-month stock price forecast is $389.42, which is an increase of 5.96% from the latest price.

Price Target
$389.42
(5.96% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

3 days ago - Business Wire

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 ...

8 days ago - Business Wire

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.

5 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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.

2 months ago - Business Wire

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.

2 months ago - Reuters

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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

'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 "...

4 months ago - Yahoo Finance

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.

6 months ago - Reuters

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...

6 months ago - Business Wire

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.

6 months ago - Business Wire

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 ...

8 months ago - Business Wire

Molina Healthcare Announces the Closing of its Acquisition of My Choice Wisconsin

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) today announced that its acquisition of My Choice Wisconsin (“MCW”) closed on September 1, 2023. As of June 30, 2023, MCW serve...

8 months ago - Business Wire

The MolinaCares Accord and Molina Healthcare of Florida Donate $250,000 to Support Hurricane Idalia Recovery Efforts

MIAMI--(BUSINESS WIRE)--The MolinaCares Accord and Molina Healthcare of Florida donate $250,000 to support Hurricane Idalia recovery efforts.

8 months ago - Business Wire

Molina Healthcare of New Mexico Receives Notification of Intent to Award New Medicaid Contract

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) confirmed that the New Mexico Human Services Department (HSD) has announced its intention to award ...

8 months ago - Business Wire

Molina Healthcare of Virginia Partners with Mae Health to Provide Members Access to a Pregnancy and Postpartum Support Digital Platform and Doulas

RICHMOND, Va.--(BUSINESS WIRE)--Molina Healthcare of Virginia partners with Mae Health to provide members access to a pregnancy and postpartum support digital platform and doulas.

9 months ago - Business Wire

Molina Healthcare Reports Second Quarter 2023 Financial Results

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported second quarter 2023 GAAP earnings per diluted share of $5.35 and adjusted earnings per diluted s...

9 months ago - Business Wire

Molina Healthcare Names Aaron Dunkel Plan President for Kansas

TOPEKA, Kan.--(BUSINESS WIRE)--Molina Healthcare names Aaron Dunkel plan president for Kansas.

9 months ago - Business Wire

Molina Healthcare announces a $600 million deal with Bright Health

Molina Healthcare Inc (NYSE: MOH) is buying the California Medicare Advantage business from Bright Health Group Inc (NYSE: BHG). Details of the Bright Health-Molina agreement On Friday, the managed ca...

10 months ago - Invezz

Molina Healthcare to buy Bright Health Group's California Medicare business

Molina Healthcare Inc. MOH, +1.98% on Friday announced a deal to buy Bright Health Group Inc.'s BHG, -1.00% California Medicare Advantage business, Brand New Day and Central Health Plan of California,...

10 months ago - Market Watch

Molina Healthcare to Acquire Bright HealthCare's California Medicare Business

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) announced today that it has entered into a definitive agreement to acquire 100% of the issued and o...

10 months ago - Business Wire