MultiPlan (MPLN) to Release Earnings on Tuesday

MultiPlan (NYSE:MPLN) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of ($2.40) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

MultiPlan (NYSE:MPLN) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($1.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.60) by $0.40. The business had revenue of $233.48 million during the quarter, compared to analyst estimates of $253.59 million. MultiPlan had a negative return on equity of 8.90% and a negative net margin of 122.73%. During the same period last year, the company earned ($2.40) earnings per share. On average, analysts expect MultiPlan to post $-7 EPS for the current fiscal year and $-7 EPS for the next fiscal year.

MultiPlan Stock Performance

Shares of NYSE MPLN opened at $9.16 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 7.48. MultiPlan has a one year low of $6.35 and a one year high of $69.20. The stock has a market capitalization of $147.87 million, a price-to-earnings ratio of -0.13 and a beta of 0.46.

Insiders Place Their Bets

In related news, CEO Travis Dalton acquired 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $14.80 per share, with a total value of $185,000.00. Following the purchase, the chief executive officer now owns 125,112 shares of the company’s stock, valued at approximately $1,851,657.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Douglas Michael Garis bought 28,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $345,000.00. Following the acquisition, the chief financial officer now directly owns 118,035 shares of the company’s stock, valued at $1,416,420. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Travis Dalton purchased 12,500 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $14.80 per share, with a total value of $185,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 125,112 shares of the company’s stock, valued at approximately $1,851,657.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 43,279 shares of company stock valued at $555,160 over the last three months. 8.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MPLN shares. Piper Sandler reissued a “neutral” rating and issued a $40.00 price target (down previously from $80.00) on shares of MultiPlan in a research note on Wednesday, August 7th. Citigroup reduced their target price on shares of MultiPlan from $17.20 to $10.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd.

MultiPlan Company Profile

MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services.