Analysts have provided estimates for Molina Healthcare’s earnings, with the lowest sales estimate coming in at $6.36 billion and the highest estimate coming in at $6.45 billion. Molina Healthcare posted sales of $4.62 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.7%. The business is scheduled to issue its next earnings report after the market closes on July 28th.
- Full-year sales: Analysts expect that Molina Healthcare will report full-year sales of $26.18 billion for the current financial year, with estimates ranging from $25.31 billion to $26.87 billion. For the next fiscal year, analysts forecast that the business will post sales of $27.46 billion, with estimates ranging from $26.67 billion to $27.96 billion.
- Latest statement: Molina Healthcare last released its quarterly earnings data on April 28th. The company reported $4.44 EPS for the quarter, topping the consensus estimate of $3.78 by $0.66. Molina Healthcare had a return on equity of 33.87% and a net margin of 3.38%. The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.08 billion. During the same period last year, the company earned $2.92 EPS. Molina Healthcare’s revenue for the quarter was up 43.4% on a year-over-year basis.
- Managed health care: Molina Healthcare, Inc provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. The company operates in two segments, Health Plans and Other. As of December 31, 2020, it served approximately 4.0 million members eligible for Medicaid, Medicare, and other government-sponsored health care programs in 15 states.
- Comments: Several equities research analysts recently commented on the company. KBC Group NV lifted its holdings in Molina Healthcare by 0.5% in the 1st quarter. KBC Group NV now owns 9,792 shares of the company’s stock worth $2,289,000 after purchasing an additional 51 shares in the last quarter. Pacer Advisors, Inc. lifted its holdings in Molina Healthcare by 0.9% in the 1st quarter. Pacer Advisors, Inc. now owns 6,185 shares of the company’s stock worth $1,446,000 after purchasing an additional 55 shares in the last quarter.
- Remarks: “We are very pleased with our performance as we continue to demonstrate our ability to produce excellent financial results while substantially growing top line revenue and managing through the ongoing impacts of the pandemic,” said Joseph Zubretsky, president and CEO of Molina Healthcare.