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Molina Healthcare, Inc. (MOH) provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program.
The company operates through two segments, Health Plans and Molina Medicaid Solutions.
The Health Plans segment operates health plans in 11 states. As of December 31, 2014, this segment served approximately 2.6 million members who were eligible for Medicaid, Medicare, and other government-sponsored health care programs.
The Molina Medicaid Solutions segment provides design, development, implementation, business process outsourcing, and information technology development and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia, as well as the U.S. Virgin Islands; and drug rebate administration services in Florida.
The company offers health care services for its members through contracts with independent physicians and groups; hospitals; and ancillary providers, as well as through its clinics.
Healthcare providers like Molina are benefitting as the Affordable Care Act continues its roll out in the wake of a positive Supreme Court ruling on the controversial law earlier this summer. The Company reported second quarter earnings of $38.9 million, or 86 cents per share on revenue of $3.52 billion. Analysts were expecting the company to report earnings of just 66 cents per share on revenue of $3.61 billion. Shares have formed a bullish "flag" following the event described above. Higher share prices are expected for this stock.
52-Weeks Trading Range: $40.14 - $78.48
Entry Point: $75.90
Stop Loss: $72.00
Target Price: $83.50
MOH closed at $81.00.
