Magellan Health (MGLN) Issues FY 2019 Earnings Guidance
Magellan Health (NASDAQ:MGLN) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided EPS guidance of $3.70-4.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.50. The company issued revenue guidance of $7.2-7.5 billion, compared to the consensus revenue estimate of $7.11 billion.Magellan Health also updated its FY19 guidance to $3.70-4.69 EPS.
NASDAQ:MGLN opened at $57.63 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.54 and a beta of 0.47. Magellan Health has a 12 month low of $51.88 and a 12 month high of $112.25. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.55.
Magellan Health (NASDAQ:MGLN) last released its quarterly earnings results on Wednesday, November 7th. The company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.28. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Magellan Health had a net margin of 1.49% and a return on equity of 10.93%. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. Research analysts predict that Magellan Health will post 3.61 earnings per share for the current fiscal year.
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Magellan Health Company Profile
Magellan Health, Inc provides healthcare management services in the United States. It operates in Healthcare and Pharmacy Management segments. The Healthcare segment offers carve-out management services for behavioral health; employee assistance plans (EAP); and other areas of specialty healthcare, including diagnostic imaging, musculoskeletal management, cardiac, and physical medicine for health plans, care organizations, and employers.
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