Molina Healthcare (MOH) Reports Acquisition of Magellan Complete Care for Approx. $820M
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Molina Healthcare (MOH) Tops Q1 EPS by 8c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Below Consensus
April 30, 2020 4:30 PM EDTMolina Healthcare (NYSE: MOH) reported Q1 EPS of $3.02, $0.08 better than the analyst estimate of $2.94. Revenue for the quarter came in at $4.55 billion versus the consensus estimate of $4.47 billion.
Quarter Highlights:
Premium revenue was $4.3 billion for the first quarter of 2020, an 8.9% increase compared to the first quarter of 2019.Medical care ratio (MCR) was 86.3% for the first quarter of 2020, compared to 85.3% for the first quarter of 2019.General and administrative (G&A) expense ratio decreased to 7.0% for the first quarter of 2020, compared to 7.3% for the first quarter of 2019.After-tax margin... More