Molina Healthcare (MOH) Stock

Molina (MOH) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) has announced that it has successfully completed its previously mentioned offering of $750 million in senior notes with a 6.250% interest rate, set to mature in 2033. These notes were sold privately to individuals considered to be "qualified institutional buyers" under Rule 144A of the Securities Act of 1933, as well as to some investors outside the United States.

LONG BEACH, Calif.--(BUSINESS WIRE)--Molina Healthcare, Inc. (NYSE: MOH) has announced that it has set the price for $750 million in senior notes with a 6.250% interest rate, maturing in 2033. These notes will be offered privately to qualified institutional buyers as defined by Rule 144A of the Securities Act of 1933, and to some investors outside the U.S. under Regulation S.

Molina Healthcare saw a 49.55% rise in its Medicaid membership from 2019 to 2023. The Medicaid program, which accounts for 91% of the company's revenue, is projected to grow by 5.2% each year from 2023 to 2032. According to the DCF model, the company is undervalued by 82.37% in a standard scenario and by 3.02% in a more negative outlook.

MIAMI--(BUSINESS WIRE)--The MolinaCares Accord and Molina Healthcare of Florida have contributed $75,000 to support disaster relief efforts after the hurricanes.

Molina Healthcare (MOH) saw its shares jump by 18%, making it one of the best performers in the S&P 500 on Thursday, following a report of better-than-expected earnings. The strong results were largely due to higher premium revenue from government-supported Medicaid plans.

MOH's results for the third quarter improved due to an increase in membership and higher premiums, although this was somewhat balanced out by increasing costs.

Molina Healthcare, Inc. (NYSE:MOH) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:00 AM ET. The call will feature company representatives including Jeffrey Geyer, Joe Zubretsky, and Mark Keim, along with various analysts from different financial institutions. The operator will begin the call by welcoming everyone to the discussion about Molina Healthcare's performance in the third quarter.

The main figures for Molina (MOH) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be helpful to compare some important metrics with Wall Street predictions and the results from the same period last year.