Molina Healthcare (MOH) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.27. Analysts had a consensus of $0.78. The company posted revenue of $4343.00 million in the period, compared to analysts expectations of $4155.50 million. The company’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Many Wall Street Analysts have commented on Molina Healthcare. Molina Healthcare was Downgraded by BofA/Merrill to ” Underperform” on Apr 29, 2016.
Molina Healthcare closed down -2.5 points or -3.69% at $65.22 with 10,36,026 shares getting traded on Wednesday. Post opening the session at $67.53, the shares hit an intraday low of $64.85 and an intraday high of $67.53 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 12, 2016, Ronna Romney (director) sold 250 shares at $62.80 per share price. According to the SEC, on Mar 22, 2016, John C Molina (CFO) sold 19,678 shares at $63.56 per share price. On Mar 7, 2016, Steven J Orlando (director) sold 2,500 shares at $63.54 per share price, according to the Form-4 filing with the securities and exchange commission.
Molina Healthcare Inc. provides health care to those receiving Government assistance. The Company offers Medicaid-related solutions for low-income families and individuals and assists state agencies in their administration of the Medicaid program. The Company operates through two segments: Health Plans segment and Molina Medicaid Solutions segment. The Companys Health Plans segment consists of health plans in around 11 states and includes its direct delivery business. The Companys direct delivery business consists primarily of the management of a hospital in southern California and the operation of primary care clinics in several states in which the Company operates. The Companys Molina Medicaid Solutions segment provides business processing and information technology development and administrative services to Medicaid agencies in Idaho Louisiana Maine New Jersey West Virginia and the United States Virgin Islands and drug rebate administration services in Florida.