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Stock Market & Financial Investment News

News Breaks
August 8, 2014
17:25 EDTMOHMolina Healthcare subsidiary acquires First Coast Florida Medicaid assets
Molina Healthcare announced that its wholly owned subsidiary Molina Healthcare of Florida has entered into a definitive agreement with First Coast Advantage to acquire certain assets related to First Coast Advantage’s Medicaid business. As a part of the transaction, Molina Healthcare of Florida will assume First Coast Advantage’s Medicaid contract and certain provider agreements for Region 4 of the Statewide Medicaid Managed Care Managed Medical Assistance Program in the State of Florida. The closing of the transaction is subject to the satisfaction of customary closing conditions, including obtaining approval for the transaction from the Florida Agency for Health Care Administration.
News For MOH From The Last 14 Days
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February 11, 2016
08:32 EDTMOHMolina Healthcare sees FY16 adjusted EPS $3.86, consensus $3.62
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February 8, 2016
16:19 EDTMOHMolina Healthcare reports Q4 adjusted EPS 67c, consensus 61c
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14:28 EDTMOHNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Twenty-First Century Fox (FOX, FOXA), consensus 44c... Plains All American Pipeline (PAA), consensus 46c... Waste Connections (WCN), consensus 47c... Molina Healthcare (MOH), consensus 61c.
February 4, 2016
13:47 EDTMOHMolina Healthcare to host investor day
Investor Day to be held in New York on February 11 at 12:30 pm. Webcast Link
January 29, 2016
14:24 EDTMOHEarnings Watch: Aetna down 9% since last report
Aetna (AET) is scheduled to report fourth quarter earnings before the market open on Monday, February 1, with a conference call scheduled for 8:30 am ET. Aetna, a diversified health care benefits company in the United States, operates in three segments: Health Care, Group Insurance, and Large Case Pensions. EXPECTATIONS: Analysts are looking for earnings per share of $1.21 on revenue of $14.93B, according to First Call. The consensus range for EPS is $1.16-$1.32 on revenue of $14.44B-$15.36B. LAST QUARTER: Aetna reported third quarter EPS of $1.90 on revenue of $14.97B against analyst estimates of $1.77 and $14.95B, respectively. The company raised its fiscal 2015 EPS view to $7.45-$7.55 from "at least $7.40." Operating earnings were $668.6M for Q315 compared with $638.6M for Q314. The increase in operating earnings was primarily due to higher underwriting margins in Aetna's Health Care segment, partially offset by an increase in general and administrative expenses and lower underwriting margins in Aetna's Group Insurance segment. On January 11, Aetna said it see FY15 EPS at the high end of the $7.45-$7.55 range. Consensus for FY15 EPS is $7.54. STREET RESEARCH: On January 15, Wells Fargo said it expects health insurers' stock to do well this year, as the firm expects M&A deals made the last years to increase profits this year, and it thinks investors should be attracted to what it sees as the defensive names in the sector. Wells does not believe that any changes to or replacements of the ACA will be worse for the sector than the status quo. It identified Aetna and HCA Holdings (HCA) as its favorite names in the sector. On January 25, Leerink analyst Ana Gupte said she believed the recent selloff has provided a "strong" buying opportunity in the Managed Care space. Valuations are attractive on multiple metrics, Gupte told investors in a research note. Her top picks are UnitedHealth (UNH), Aetna, Humana (HUM) and Molina Healthcare (MOH). The analyst also favors Anthem (ANTM) and Cigna (CI). PRICE ACTION: Shares of Aetna are down approximately 9% since its last earnings report. The stock is up 2.6% to $101.42 in Friday afternoon trading ahead of Monday morning's report.

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