Somewhat Positive Media Coverage Somewhat Unlikely to Impact Molina Healthcare (MOH) Share Price
Headlines about Molina Healthcare (NYSE:MOH) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Molina Healthcare earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.286758625961 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Health Insurers Make Final Call on ACA Plans–2nd Update (ih.advfn.com)
- Director of Molina Healthcare Inc (NYSE:MOH), Romney Ronna, sells 250 shares worth $16,260 (empowerednews.net)
- Healthcare: Tax Reform Could Boost Managed Care Companies’ Earnings 30% (finance.yahoo.com)
- Stock to Hold: Molina Healthcare, Inc. (MOH) – Street Observer (press release) (streetobserver.com)
- Molina Healthcare Inc (MOH) Director Ronna Romney Sells 250 Shares (americanbankingnews.com)
Shares of Molina Healthcare (NYSE MOH) opened at 66.54 on Thursday. The firm has a 50-day moving average of $62.22 and a 200 day moving average of $60.55. The stock’s market capitalization is $3.80 billion. Molina Healthcare has a 1-year low of $42.56 and a 1-year high of $72.79.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.87). Molina Healthcare had a negative net margin of 1.07% and a positive return on equity of 16.10%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts anticipate that Molina Healthcare will post ($2.70) earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and set a $72.00 price objective on shares of Molina Healthcare in a research note on Friday, July 14th. Zacks Investment Research cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus cut shares of Molina Healthcare from a “hold” rating to a “sell” rating and raised their price objective for the stock from $47.00 to $60.00 in a research note on Wednesday, May 31st. BidaskClub cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, ValuEngine raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.90.
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In other news, COO Terry Bayer sold 415 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $69.24, for a total transaction of $28,734.60. Following the sale, the chief operating officer now owns 80,672 shares in the company, valued at $5,585,729.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Dentino sold 66,000 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $68.68, for a total transaction of $4,532,880.00. The disclosure for this sale can be found here. Insiders have sold 337,060 shares of company stock worth $21,872,968 in the last 90 days. 6.20% of the stock is owned by company insiders.
Molina Healthcare Company Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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