Molina Healthcare, Inc. (MOH)
Market Cap | 20.87B |
Revenue (ttm) | 33.25B |
Net Income (ttm) | 931.00M |
Shares Out | 58.30M |
EPS (ttm) | 16.05 |
PE Ratio | 22.30 |
Forward PE | 15.60 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 58,562 |
Open | 356.67 |
Previous Close | 361.23 |
Day's Range | 354.15 - 360.58 |
52-Week Range | 256.19 - 372.00 |
Beta | 0.57 |
Analysts | Buy |
Price Target | 352.33 (-1.59%) |
Earnings Date | Oct 25, 2023 |
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 2022, MOH's revenue was $31.97 billion, an increase of 15.13% compared to the previous year's $27.77 billion. Earnings were $792.00 million, an increase of 20.18%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for MOH stock is "Buy." The 12-month stock price forecast is $352.33, which is a decrease of -1.59% from the latest price.
News

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 ...

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...

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.

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 ...

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.

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...

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

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...

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,...

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...

Molina Healthcare and Partners Share Results of Obstetrics Health Care Model Incorporating Artificial Intelligence
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare and partners share results of obstetrics health care model incorporating artificial intelligence.

Molina Healthcare Announces Second 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 second quarter ending June 30, 2023. Molina Healthcare will issu...

Molina Healthcare Announces Promotions of Two Senior Executives
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) today announced that Jim Woys and Mark Keim have each been promoted to the position of senior executive vice preside...

Molina Healthcare Reports First Quarter 2023 Financial Results
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported first quarter 2023 GAAP earnings per diluted share of $5.52 and adjusted earnings per diluted sh...

Molina Healthcare Announces First Quarter 2023 Earnings Release and Conference Call Dates and Virtual Investor Day Meeting
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, 2023. Molina Healthcare will issu...

Molina Healthcare Appoints Terrisca Des Jardins Plan President for its Michigan Plan
LANSING, Mich.--(BUSINESS WIRE)--Molina Healthcare appoints Terrisca Des Jardins plan president for its Michigan plan.

Molina Healthcare of Indiana Recommended for MLTSS Award
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (“Molina”) today announced that the Indiana Department of Administration has recommended that contract negotiations begin with ...

Molina Healthcare Reports Fourth Quarter and Year-End 2022 Financial Results
LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported fourth quarter 2022 GAAP earnings per diluted share of $0.96 and adjusted earnings per diluted s...

4 Value Stocks That Can Gain Even If Cheap Stocks Fall Out of Favor
PayPal Holdings, DXC Technology, Molina Healthcare and Cardinal Health all have strong growth potential, which should keep powering their stocks, according to Credit Suisse.

Molina Healthcare Announces Fourth Quarter and Year-End 2022 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, 2022.