Magellan Health Issues 2015 Guidance - Quick Facts

(RTTNews) - Magellan Health Inc. (MGLN) announced it expects to generate net revenue in the range of $4.25 billion to $4.49 billion, and net income in the range of $51 million to $67 million, or in the range of $1.90 to $2.50 per share, for 2015. Adjusted net income for 2015 is expected to be in the range of $88 million to $100 million, or in the range of $3.28 to $3.73 per share.

Analysts polled by Thomson Reuters expect the company to report earnings per share of $2.67 on revenue of $4.47 billion. Analysts' estimates typically exclude special items.

The company expects segment profit to be in the range of $265 million to $285 million. Cash flow from operations is expected to be in the range of $171 million to $195 million.

"Looking ahead to 2015, We are projecting revenue growth of slightly less than 20 percent, and expect to report revenues of over $4 billion for the first time in the company's history. We are reiterating our long-term compound annual growth objectives for both revenue and adjusted EPS of more than 20 percent, and for segment profit of more than 15 percent. Our 2015 plan and guidance represent a meaningful step forward towards these long-term goals," said Jonathan Rubin, CFO.

The company confirmed its 2014 guidance, which was most recently updated in October.