How were Magellan Health's earnings last quarter?

Magellan Health, Inc. (NASDAQ:MGLN) posted its quarterly earnings data on Friday, November, 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.37 by $0.34. The firm earned $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Magellan Health had a net margin of 6.26% and a trailing twelve-month return on equity of 1.81%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS.

What is Kenneth J. Fasola's approval rating as Magellan Health's CEO?

31 employees have rated Magellan Health Chief Executive Officer Kenneth J. Fasola on Glassdoor.com . Kenneth J. Fasola has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Magellan Health own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Health investors own include Energy Transfer (ET) , General Motors (GM) , NVIDIA (NVDA) , Boeing (BA) , Netflix (NFLX) , UnitedHealth Group (UNH) , Broadcom (AVGO) , Mastercard (MA) , Ford Motor (F) and Overstock.com (OSTK) .

NASDAQ:MGLN

Magellan Health (MGLN) Stock Price, News & Analysis

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Today's Range: $94.99
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$94.99
50-Day Range: $94.25
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$94.99
52-Week Range: $91.04
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$99.36

Volume: N/A
Average Volume: 238,670 shs
Market Capitalization: $2.50 billion

P/E Ratio: 8.28
Dividend Yield: N/A
Price Target: N/A

Stock Analysis

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About Magellan Health Stock (NASDAQ:MGLN)

Magellan Health, Inc. engages in the business of healthcare management. It operates through the following segments: Healthcare, Pharmacy Management and Corporate. The Healthcare segment includes the Behavioral & Specialty Health reporting unit, which provides carve-out management services for behavioral health, employee assistance plans, and other areas of specialty healthcare. The Pharmacy Management segment comprises of services 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. The company was founded in 1969 and is headquartered in Phoenix, AZ.

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MGLN Stock News Headlines

April 16, 2024 | msn.com

Louisiana Department of Health failed to check Healthy Louisiana medical, dental providers

March 5, 2024 | prnewswire.com

Magellan Health Introduces Digital Cognitive Behavioral Therapy Programs for Children and Adolescents

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October 10, 2023 | businesswire.com

Magellan Healthcare Announces Expansion of Pharmacy Outreach Program – inforMED

September 15, 2023 | finance.yahoo.com

Magellan Health Announces Market Leadership Appointments

August 28, 2023 | markets.businessinsider.com

Magellan Rx Pharmacy LLC earns URAC Reaccreditation in Specialty Pharmacy

July 20, 2023 | finance.yahoo.com

Magellan Healthcare Selected to Administer Idaho’s Behavioral Health Transformation

July 17, 2023 | bizjournals.com

Centene rebrands Phoenix-based outpatient health care subsidiary, plans expansion

April 20, 2024 | Crypto 101 Media (Ad)

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July 8, 2023 | forbes.com

Magellan Health Svcs

May 9, 2023 | finance.yahoo.com

Magellan Healthcare’s Digital Cognitive Behavior Therapy Programs Demonstrate Significant Clinical Efficacy

April 24, 2023 | technews.tmcnet.com

Autism Software Company 'Autism Analytica' Collaborates with Magellan Health to Identify Autism, Predict Services Needed, and Monitor Patient Progress

April 19, 2023 | thestreet.com

Magellan Health Stock Soars on 4Q Earnings

April 18, 2023 | finance.yahoo.com

Magellan Behavioral Health of Pennsylvania Once Again Earns Full Accreditation for Three Years from the National Committee for Quality Assurance

February 2, 2023 | seekingalpha.com

8% Yielding Magellan Midstream Is A Dream Recession Retirement Strong Buy

January 23, 2023 | bizjournals.com

Centene completes sale of benefit management subsidiary to Evolent Health

January 10, 2023 | nz.finance.yahoo.com

Magellan Health Appoints Anna Sever as President of Magellan Federal

December 6, 2022 | finance.yahoo.com

Magellan Healthcare Teams with Kyo to Improve Autism Outcomes

November 18, 2022 | msn.com

Centene (CNC) to Sell Magellan Arm, To Use Proceeds for Buybacks

October 27, 2022 | nz.finance.yahoo.com

Magellan Health Opens 24-hour Crisis Line for Individuals Impacted by the School Shooting in St. Louis, Missouri

October 25, 2022 | yahoo.com

Magellan Healthcare Launches New Senior Assistance Solution

October 7, 2022 | afr.com

UK gilts chaos hits Magellan as institutions scramble for cash

September 26, 2022 | benzinga.com

Magellan Healthcare Hosts Free Webinar and New Resources for October's National Depression and Mental Health Awareness and Screening Month

August 25, 2022 | stockhouse.com

Magellan Healthcare Hosts Free Webinars During Suicide Prevention Awareness Month and Recovery Month in September

August 10, 2022 | finance.yahoo.com

Magellan Healthcare, Inc. Earns Full Accreditation of Managed Behavioral Healthcare Organizations from the National Committee for Quality Assurance

August 8, 2022 | nz.finance.yahoo.com

Magellan Health Appoints Tom Britt as Chief Information Officer

August 4, 2022 | apnews.com

Human Affairs International of California Earns URAC Accreditation in Health Utilization Management

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Company Calendar

Last Earnings: 11/05/2021
Today: 4/20/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Hospitals
Sub-Industry: Managed Health Care
Current Symbol: NASDAQ:MGLN
CUSIP: 55907920
CIK: 19411
Web: www.magellanhealth.com
Phone: (800) 642-1716
Fax: 860-507-1990
Employees: 9,000
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $11.47
Trailing P/E Ratio: 8.28
Forward P/E Ratio: 51.63
P/E Growth: N/A
Net Income: $382.33 million
Net Margins: 6.26%
Pretax Margin: -0.08%
Return on Equity: 1.81%
Return on Assets: 1.05%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 2.92
Quick Ratio: 2.86

Sales & Book Value

Annual Sales: $4.58 billion
Price / Sales: 0.55
Cash Flow: $5.57 per share
Price / Cash Flow: 17.06
Book Value: $73.03 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 26,332,000
Free Float: 22,619,000
Market Cap: $2.50 billion
Optionable: Optionable
Beta: 1.03

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Key Executives

Kenneth J. Fasola
Chief Executive Officer & Director
James E. Murray
President & Chief Operating Officer
David Patrick Bourdon
Chief Financial Officer
Caroline Carney
Chief Medical Officer
Jeffrey N. West
Principal Accounting Officer, SVP & Controller

Key Competitors

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MGLN Stock Analysis - Frequently Asked Questions

How were Magellan Health's earnings last quarter?: Magellan Health, Inc. (NASDAQ:MGLN) posted its quarterly earnings data on Friday, November, 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.37 by $0.34. The firm earned $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Magellan Health had a net margin of 6.26% and a trailing twelve-month return on equity of 1.81%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS.
What is Kenneth J. Fasola's approval rating as Magellan Health's CEO?: 31 employees have rated Magellan Health Chief Executive Officer Kenneth J. Fasola on Glassdoor.com. Kenneth J. Fasola has an approval rating of 83% among the company's employees.
What other stocks do shareholders of Magellan Health own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Health investors own include Energy Transfer (ET), General Motors (GM), NVIDIA (NVDA), Boeing (BA), Netflix (NFLX), UnitedHealth Group (UNH), Broadcom (AVGO), Mastercard (MA), Ford Motor (F) and Overstock.com (OSTK).

This page (NASDAQ:MGLN) was last updated on 4/20/2024 by MarketBeat.com Staff

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Magellan Health (MGLN) Stock Price, News & Analysis

About Magellan Health Stock (NASDAQ:MGLN)

MGLN Stock News Headlines

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Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

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Key Competitors

MGLN Stock Analysis - Frequently Asked Questions

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