Image source: The Motley Fool. Magellan Health Inc (NASDAQ: MGLN)Q1 2020 Earnings CallMay 11, 2020, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome, and thank you for standing by, for the First Quarter 2020 Earnings Call.
NASDAQ Now Positive for 2020 After Four Days of Green
Shares of Magellan Health (NASDAQ:MGLN) remained unaffected at $62.19 after the company reported Q1 results.Quarterly Results Earnings per share were up 187.50% year over year to $1.15, which beat the estimate of $0.72.Revenue of $1,794,000,000 up by 3.10% year over year, which missed the estimate of $1,800,000,000.Looking Ahead Magellan Health hasn't issued any earnings guidance for the time being.Magellan Health hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 11, 2020View more earnings on MGLNWebcast URL: https://edge.media-server.com/mmc/p/iv2mmffnTechnicals Company's 52-week high was at $81.04Company's 52-week low was at $30.60Price action over last quarter: Up 5.39%Company Overview Magellan Health provides healthcare management services to health plans and other managed care organizations, employers, labor unions, United States government agencies, and third-party administrators. The firm operates in three segments: Healthcare, Pharmacy Management, and Corporate. The Healthcare business manages behavioral healthcare services and employee assistance program services, as well as specialty areas like diagnostic imaging. The Pharmacy Management segment includes pharmacy benefit management (PBM) services, pharmacy benefit administration for Medicaid and other government-sponsored programs, pharmaceutical dispensing operations, and clinical and formulary management programs. The Healthcare business generates the majority of revenue.See more from Benzinga * Xenia Hotels & Resorts: Q1 Earnings Insights * Recap: RMR Group Q2 Earnings * Recap: Exterran Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Molina Healthcare Inc would buy Magellan Complete Care, Magellan Health Inc's unit that provides managed-care health plans, for about $820 million, the healthcare insurer said https://reut.rs/2KNshrl on Thursday. With the addition of Magellan Complete Care, Molina will be able to serve more than 3.6 million members in government-sponsored healthcare programs across 18 states and will have 2020 pro-forma projected revenue of over $20 billion.
Moody's Investors Service ("Moody's") placed the ratings of Magellan Health, Inc. ("Magellan") under review for downgrade. Magellan Complete Care represented approximately 38% of the company's 2019 revenue.
Magellan Health will participate in the Jefferies Virtual Healthcare Conference.
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Magellan Health reports first quarter 2020 financial results.
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Magellan Health will participate in the 2020 BofA Securities Health Care Conference.
Magellan Health (MGLN) delivered earnings and revenue surprises of 69.12% and 1.61%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Magellan Health and Molina enter into definitive agreements to divest MCC and establish commercial relationship for multiple Magellan services
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Magellan Health's (MGLN) Q1 earnings benefit from higher profit owing to lower utilization of elective procedures.
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Magellan Healthcare provides vital resources during Mental Health Awareness Month.
MOH earnings call for the period ending March 31, 2020.
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