Magellan Health (NASDAQ:MGLN) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.26-4.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.40. The company issued revenue guidance of $7.30-7.50 billion, compared to the consensus revenue estimate of $7.37 billion.
NASDAQ:MGLN traded up $1.26 during mid-day trading on Thursday, reaching $64.15. The company’s stock had a trading volume of 722,994 shares, compared to its average volume of 224,604. Magellan Health has a 12-month low of $61.71 and a 12-month high of $112.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.58 and a current ratio of 1.63. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.56 and a beta of 0.52.
Magellan Health (NASDAQ:MGLN) last issued its earnings results on Wednesday, November 7th. The company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.28. Magellan Health had a return on equity of 11.29% and a net margin of 1.66%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. Magellan Health’s revenue was up 30.6% on a year-over-year basis. As a group, research analysts predict that Magellan Health will post 4.47 earnings per share for the current year.
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Magellan Health Company Profile
Magellan Health, Inc engages in the healthcare management business. It operates through the following segments: Healthcare, Pharmacy Management, and Corporate. The Healthcare segment comprises of the Commercial and Government reporting units. The Pharmacy Management segment offers products and solutions that provide clinical and financial management of pharmaceuticals paid under both the medical and the pharmacy benefit.The Corporate segment covers amounts not allocated to the Healthcare and Pharmacy Management segments.
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