MultiPlan (MPLN) Scheduled to Post Earnings on Tuesday

MultiPlan (NYSE:MPLN) will release its earnings data before the market opens on Tuesday, November 5th. Analysts expect MultiPlan to post earnings of ($2.40) per share for the quarter. Persons that are interested in registering for 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) EPS for the quarter, topping analysts’ consensus estimates of ($1.60) by $0.40. The firm had revenue of $233.48 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($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 Price Performance

MPLN stock opened at $9.16 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 7.48. The firm has a market cap of $147.84 million, a price-to-earnings ratio of -0.13 and a beta of 0.46. MultiPlan has a 52-week low of $6.35 and a 52-week high of $69.20.

Insider Activity

In other news, SVP William B. Mintz acquired 2,029 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $12.40 per share, with a total value of $25,159.60. Following the completion of the purchase, the senior vice president now owns 50,243 shares of the company’s stock, valued at $623,013.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Douglas Michael Garis bought 28,750 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $12.00 per share, with a total value of $345,000.00. Following the purchase, the chief financial officer now directly owns 118,035 shares of the company’s stock, valued at $1,416,420. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP William B. Mintz bought 2,029 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $12.40 per share, with a total value of $25,159.60. Following the completion of the purchase, the senior vice president now directly owns 50,243 shares in the company, valued at $623,013.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 43,279 shares of company stock valued at $555,160. 8.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MPLN has been the subject of several recent analyst reports. Piper Sandler reissued a “neutral” rating and set a $40.00 target price (down previously from $80.00) on shares of MultiPlan in a research note on Wednesday, August 7th. Citigroup cut their target price on 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.