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4-Traders Homepage  >  Equities  >  Nasdaq  >  Magellan Health Inc    MGLN

Delayed Quote. Delayed  - 08/26 10:00:00 pm
56.18 USD   -1.85%
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Magellan Health Services : Announces Second Quarter 2014 Earnings Conference Call

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07/23/2014 | 03:29am CEST

AVON, Conn.--(BUSINESS WIRE)-- Magellan Health, Inc. (NASDAQ: MGLN) today announced that it will release second quarter 2014 earnings results on Friday, July 25, 2014. Management will discuss the company's financial results, as well as its business strategy and outlook, in a conference call to be held the same day from 11:00 a.m. to noon Eastern.

The press release detailing the company's second quarter 2014 earnings results will be issued that day at approximately 6:30 a.m. Eastern, and will be immediately available on Magellan's investor relations page at MagellanHealth.com.

To participate in the conference call, interested parties should call 1-800-857-1812 and reference the pass code Second Quarter Earnings 2014 Call approximately 15 minutes before the start of the call. The conference call will also be available live via webcast at Magellan's investor relations page at MagellanHealth.com.

A taped replay of the conference call will be available for one week following the call. Interested parties should call 1-866-475-1461 or 1-203-369-1508 (from outside the U.S.) to listen.

Those who plan to access the call or webcast are encouraged to read Magellan's Annual report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission (SEC) on Monday, March 3, 2014, and subsequent Quarterly Reports on Form 10-Q, filed with the SEC on Tuesday, April 29, 2014, for material information regarding Magellan's operational and financial results, including the section titled "Risk Factors."

About Magellan Health: Headquartered in Avon, Conn., Magellan Health, Inc. is a healthcare management company that focuses on fast-growing, complex and high-cost areas of healthcare, with an emphasis on special population management. Magellan delivers innovative solutions to improve quality outcomes and optimize the cost of care for those we serve. Magellan's customers include health plans, managed care organizations, insurance companies, employers, labor unions, various military and government agencies, third party administrators, and brokers. For more information, visit MagellanHealth.com.

Cautionary Statement

Certain of the statements to be made in the Company's conference call may constitute forward-looking statements contemplated under the Securities Exchange Act of 1934 and the Securities Act of 1933, as amended, which involve a number of risks and uncertainties. Any such forward-looking statements are based on management's analysis, judgment, belief and expectations as of the date of such statements and are subject to known and unknown uncertainties and risks which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Any such forward-looking statements are qualified in their entirety by the more complete discussion of risks set forth in the section entitled "Risk Factors" in Magellan's most recent Annual Report on Form 10-K and in subsequent Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission. Magellan undertakes no obligation to publicly revise such forward-looking statements to reflect events or circumstances that arise after the date of such statements.

Magellan Health, Inc.
Media Contact:
Colleen Flanagan Johnson, 860-507-1923
cefjohnson@magellanhealth.com
or
Investor Contact:
Renie Shapiro Silver,877-645-6464
rshapiro@magellanhealth.com

Source: Magellan Health, Inc.

News Provided by Acquire Media

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Financials ($)
Sales 2016 4 836 M
EBIT 2016 155 M
Net income 2016 60,2 M
Debt 2016 294 M
Yield 2016 -
P/E ratio 2016 20,87
P/E ratio 2017 15,83
EV / Sales 2016 0,35x
EV / Sales 2017 0,35x
Capitalization 1 381 M
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Mean consensus HOLD
Number of Analysts 6
Average target price 69,8 $
Spread / Average Target 24%
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NameTitle
Barry M. Smith Chairman & Chief Executive Officer
Jonathan N. Rubin Chief Financial Officer & Executive Vice President
Gary D. Anderson Chief Information Officer
Karen Amstutz Chief Medical Officer
Srinivas Koushik Chief Technology Officer
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