NASDAQ:MGLN

Magellan Health (MGLN) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$94.99
$94.99
50-Day Range
$94.25
$94.99
52-Week Range
$91.04
$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
MGLN stock logo

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.

MGLN Stock News Headlines

This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Magellan Health Announces Market Leadership Appointments
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Magellan Health Svcs
Magellan Health Stock Soars on 4Q Earnings
See More Headlines
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Company Calendar

Last Earnings
11/05/2021
Today
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Hospitals
Sub-Industry
Managed Health Care
Current Symbol
NASDAQ:MGLN
CUSIP
55907920
Employees
9,000
Year Founded
N/A

Profitability

Net Income
$382.33 million
Pretax Margin
-0.08%

Debt

Sales & Book Value

Annual Sales
$4.58 billion
Cash Flow
$5.57 per share
Book Value
$73.03 per share

Miscellaneous

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

MGLN Stock Analysis - Frequently Asked Questions

How were Magellan Health's earnings last quarter?

Magellan Health, Inc. (NASDAQ:MGLN) announced its earnings results on Friday, November, 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by $0.34. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Magellan Health had a trailing twelve-month return on equity of 1.81% and a net margin of 6.26%. The business's revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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 4/24/2024 by MarketBeat.com Staff

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