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MOH

Molina Healthcare

$49.44

0.93 (1.92%)

16:13
03/01/17
03/01
16:13
03/01/17
16:13

Molina Healthcare revises Q4 EPS to (85c) from ($1.64)

Revises Q4 revenue to $4.53B from $4.46B. Molina Healthcare announced that, due to an oversight, its unaudited financial results for the fourth quarter and full year of 2016, as reported on February 15, 2017, did not include the impact of a retroactive contract amendment received in the fourth quarter of 2016 that changed the minimum medical loss ratio calculation under California's Medicaid Expansion program. The pre-tax impact of that retroactive contract amendment was $68 million favorable for both the fourth quarter and the full year of 2016. On a per diluted share basis, the contract amendment was favorable to fourth quarter 2016 results by $0.79 and favorable to full year 2016 results by $0.78. The California Medicaid Expansion minimum medical loss ratio requirement terminated effective June 30, 2016, so this amendment is entirely retrospective in nature. Accordingly, this development has no impact on the Company's previously published outlook for 2017.

MOH Molina Healthcare
$49.44

0.93 (1.92%)

01/23/17
LEER
01/23/17
NO CHANGE
Target $250
LEER
Outperform
Leerink sees Humana as target again after broken deal
After a judge sided with the Department of Justice in blocking Aetna's (AET) buyout of Humana (HUM), Leerink analyst Ana Gupte believes Humana could become a takeover target. Cigna (CI) is the most likely bidder, followed by Anthem (ANTM), Express Scripts (ESRX) and CVS Health (CVS), Gupte tells investors in a research note. The analyst expects Anthem's buyout of Cigna to also be blocked. After Humana, Gupte sees WellCare (WCG), Molina Healthcare (MOH) and Magellan Health (MGLN) as the most likely publicly traded targets post the deal breaks. She reiterates an Outperform rating on Humana with a standalone price target of $250. The stock is down 97c to $199.56 in afternoon trading.
01/26/17
PIPR
01/26/17
NO CHANGE
Target $67
PIPR
Overweight
Piper views Medicaid managed care names as undervalued
Piper Jaffray analyst Sarah James views the Medicaid focused managed care names she covers, namely Centene (CNC), Molina Healthcare (MOH) and WellCare (WCG), as undervalued. "Rapidly" improving sentiment should drive multiple expansion over the next three months, James tells investors in a research note. She believes Medicaid managed care organizations have the ability to reach 10%-15% revenue growth through new state expansion plans and long-term service and support carve-ins. Centene is her top pick in the space with an Overweight rating and $67 price target.
02/16/17
STFL
02/16/17
DOWNGRADE
Target $45
STFL
Hold
Molina Healthcare downgraded to Hold from Buy at Stifel
Stifel analyst Thomas Carroll downgraded Molina Healthcare to Hold and reduced its price target to $45 from $64 following the Q4 miss and guidance "massively" below expectations. Carroll commented the primary pressure came from ACA products which have continued to challenge operations amplified by "clunky" risk reducing programs and lack of risk corridor payments promised by the Federal government that did not materialize.
02/16/17
PIPR
02/16/17
NO CHANGE
Target $60
PIPR
Overweight
Molina Healthcare selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Sarah James recommends using today's post-earnings selloff in shares of Molina Healthcare as a buying opportunity. The analyst believes Molina has a "sound business in a rapidly growing market" and can fix its issues. She lowered her price target for the shares to $60 from $65 and keeps an Overweight rating on the name.

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