Magellan Health Services Inc. (MGLN) reported third quarter results last Friday. The company posted a 31.9% growth in net income to $31.0 million or 88 cents per share, compared to $23.5 million or 58 cents per share in the year-ago period, and easily surpassed the Zacks Consensus Estimate by 21 cents. The strong result was primarily driven by the acquisition of First Health coupled with the solid performance of the Specialty Pharmacy segment. Magellan Health offers managed behavioral healthcare, radiology benefits management and pharmaceutical management services to health plans, insurance companies, corporations, labor unions and various governmental agencies in the U.S. During July this year, the company completed the acquisition of First Health Services Corp., a subsidiary of Coventry Health Care Inc. (CVH). First Health provides pharmacy benefits administration, health care management and IT services to state Medicaid programs. The company said net revenues recorded ...

DrStockPick.com Stock Report!

Friday July 31, 2009

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Constellation Energy (NYSE: CEG) today reported adjusted earnings of $1.08 per share for the second quarter of 2009, compared with adjusted earnings of $1.82 per share in the same period last year. Adjusted earnings exclude the cumulative effects of changes in accounting principles, discontinued operations and special items (which are defined as significant items that are not related to our ongoing, underlying business or which distort comparability of results). On a generally accepted accounting principles (GAAP) basis, the company reported earnings of $0.04 per share, compared with earnings of $0.95 per share in the second quarter of 2008. Second quarter 2009 GAAP results reflect negative impacts primarily

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Magellan Health Services Inc.'s (MGLN) share price has entered into oversold territory with a stochastic value of 12.54. The Zacks #2 Rank ("Buy") stock has topped the consensus in 3 out of the last 4 quarters with an average surprise of 7.70%, or 4 cents per share. Analysts on average expect the company's full-year earnings to grow by 4.63% to $2.26 per share.

Zacks Investment Research

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Magellan Health Services Inc. (MGLN) rose more than 2% on Tuesday noon and was pressuring a short-term level of resistance at $35.98. This Zacks#1 Rank (“Strong buy”) stock has topped the consensus estimate in 3 of the last 4 quarters.

Zacks Investment Research

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Access National Corp (ANCX) Air Liquide (AIQUY) American Financial Group (AFG) Amtrust Financial Services Inc (AFSI) APAC Customer Services Inc (APAC) Churchill Downs Inc (CHDN) Citi Trends Inc (CTRN) CNS Response Inc (CNSO) Corus Entertainment Inc (CJR) Denison Mines Corp (DNN) Dynamics Research Corp (DRCO) EMC Insurance Group Inc (EMCI) Gander Mountain Co (GMTN) Grand Canyon Education Inc (LOPE) Hansen Natural Corp (HANS) Inspire Pharmaceuticals Inc (ISPH) InterOil Corp (IOC) INX Inc (INXI) Local.com Corp (LOCM) Lundin Mining Corp (LMC) Magellan Health Services Inc (MGLN) Medivation Inc (MDVN) Metabasis Therapeutics Inc (MBRX) Nidec Corp (NJ) NYFIX Inc (NYFX) Orion Energy Systems Inc (OESX) PetMed Express Inc (PETS) Poniard ...

Magellan Health Services Inc. (MGLN) reported a nearly 25% drop in quarterly profit as it lost some contracts, but the healthcare management company still topped analyst estimates and boosted its 2009 guidance.

Chief Executive Officer Rene Lerer said, “Our business segments performed well, with particular strength in our key growth areas of public sector behavioral health, specialty pharmacy and radiology." In the latest fourth quarter, the company's net income was $23.6 million, or 61 cents per share, while the consensus estimate was pegged at 55 cents a share.

Looking forward, Magellan raised its outlook range by 3 cents a share to $1.99 and $2.54 for 2009 on the back of share repurchases it made through February 25. Analysts were looking for $2.26 per share.

Magellan shares rose 9% to $34.51 at noon on the NASDAQ. Earlier in the session, they had touched an intra-day high

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Magellan Health Services Inc (MGLN) shares are experiencing abnormally low trading volume. Shares were down more than 1% this afternoon.

Zacks Investment Research

Magellan Health Services Inc. (MGLN) was trading below its 200-day moving average at $38.29 today. The Zacks #1 Rank (“Strong buy”) stock has topped the consensus estimate in 3 out of the last 4 quarters.

"MGLN" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

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