MultiPlan (MPLN) to Release Quarterly Earnings on Tuesday

MultiPlan (NYSE:MPLN) is scheduled to issue its quarterly 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 interested in participating in 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 for the quarter, beating the consensus estimate of ($1.60) by $0.40. MultiPlan had a negative return on equity of 8.90% and a negative net margin of 122.73%. The firm had revenue of $233.48 million during the quarter, compared to analyst estimates of $253.59 million. During the same period in the previous 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 Up 2.2 %

NYSE:MPLN opened at $9.16 on Friday. MultiPlan has a 52 week low of $6.35 and a 52 week high of $69.20. The company has a debt-to-equity ratio of 7.48, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $147.87 million, a price-to-earnings ratio of -0.13 and a beta of 0.46.

Insider Transactions at MultiPlan

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

Analyst Upgrades and Downgrades

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

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.