Molina Healthcare, Inc. (MOH)

NYSE: MOH · IEX Real-Time Price · USD
358.01
-3.22 (-0.89%)
Nov 29, 2023, 10:21 AM EST - Market open
-0.89%
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]

Sector Healthcare
IPO Date Jul 2, 2003
Employees 15,000
Stock Exchange NYSE
Ticker Symbol MOH
Full Company Profile

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 Statements

Analyst 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.

Price Target
$352.33
(-1.59% downside)
Analyst Consensus: Buy
Stock Forecasts

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.

4 weeks 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...

4 weeks 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.

5 weeks ago - Business Wire

Flee to Healthcare Stocks if Recession Rears its Head?

If you're looking for a sector that's on sale, look to healthcare. The Health Care Select Sector SPDR Fund NYSEARCA: XLV is down 2.50% in the past month, lagging the S&P 500.

2 months ago - MarketBeat

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 ...

2 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...

3 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.

3 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 ...

3 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.

3 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...

4 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.

4 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...

Other symbols: BHG
5 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,...

Other symbols: BHG
5 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...

5 months ago - Business Wire

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.

6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

7 months ago - Business Wire

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...

7 months ago - Business Wire

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...

9 months ago - Business Wire

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.

9 months ago - Business Wire

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 ...

9 months ago - Business Wire

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...

10 months ago - Business Wire

Health-insurance stocks drop after Medicare Advantage proposes lower rates for 2024

A proposal for lower-than-expected Medicare Advantage rates in 2024 has sent shares of publicly traded health insurers falling.

Other symbols: CICNCELVHUMUNH
10 months ago - Market Watch

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.

Other symbols: CAHDXCPYPL
11 months ago - Barrons

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.

11 months ago - Business Wire