Centene Corporation (CNC)
Market Cap | 29.84B |
Revenue (ttm) | 146.20B |
Net Income (ttm) | 3.07B |
Shares Out | 504.87M |
EPS (ttm) | 5.75 |
PE Ratio | 10.28 |
Forward PE | 8.66 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 4,562,879 |
Open | 58.20 |
Previous Close | 57.81 |
Day's Range | 58.09 - 59.44 |
52-Week Range | 57.20 - 81.42 |
Beta | 0.49 |
Analysts | Buy |
Price Target | 83.92 (+42.0%) |
Earnings Date | Oct 25, 2024 |
About CNC
Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support. This segment also provides healthcare products. The Medi... [Read more]
Financial Performance
In 2023, Centene's revenue was $141.27 billion, an increase of 3.87% compared to the previous year's $136.00 billion. Earnings were $2.70 billion, an increase of 124.79%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $83.92, which is an increase of 42.00% from the latest price.
News
Trump Win Gives Some U.S. Health Insurers A Post-Election Bump On Wall Street
Several US health insurers saw notable stock price gains following the reelection of former US President Donald Trump amid an expectation of less federal scrutiny. Humana Inc. experienced the largest ...
Sunshine Health Announces the Appointment of Charlene Zein as President and CEO
PEMBROKE PINES, Fla. , Nov. 7, 2024 /PRNewswire/ -- Sunshine Health, Florida's largest managed care organization and a Centene Corporation company (NYSE: CNC), announced today Charlene Zein has been ...
Trump Will Create New Winners and Losers in Healthcare
Market reactions sharply diverged among healthcare companies as investors expect changes to Obamacare, Medicare.
CENTENE SUBSIDIARY BUCKEYE HEALTH PLAN AWARDED CONTRACT TO SERVE DUAL ELIGIBILE MEDICARE AND MEDICAID MEMBERS IN OHIO
ST. LOUIS , Nov. 1, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its subsidiary, Buckeye...
AcariaHealth Shines at the 2024 NASP Annual Meeting: Transforming Specialty Pharmacy
ORLANDO, Fla. , Oct. 30, 2024 /PRNewswire/ -- AcariaHealth, a leading national specialty pharmacy and a Centene Corporation company (NYSE: CNC), secured several recognitions during the 2024 National A...
AMBETTER OF ILLINOIS EXPANDS PROVIDER NETWORK TO INCLUDE ADVOCATE HEALTH CARE
The addition of Advocate Health Care to the Ambetter of Illinois provider network offers its members expanded access to the health system's high-quality healthcare CHICAGO , Oct. 30, 2024 /PRNewswire/...
CENTENE NAMED ONE OF FORTUNE'S® 100 BEST LARGE WORKPLACES FOR WOMEN™ 2024
ST. LOUIS , Oct. 29, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it has been named to t...
WHAT THEY ARE SAYING: 'Significant Positive Impact to
Grants enable physicians to implement critical Department of Healthcare Services' Equity and Practice Transformation (EPT) Directed Payment Program SACRAMENTO, Calif. , Oct. 29, 2024 /PRNewswire/ -- H...
Superior HealthPlan Awards $26,000 in Grants to 13 Nonprofits and Providers
The funding is made available through a quarterly program open to community-based organizations and providers across Texas. AUSTIN, Texas , Oct. 29, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior...
Centene Stock Pops on Membership Growth, Premium and Service Sales
Centene (CNC) shares surged more than 10% Friday morning as the managed care and health insurance provider's third-quarter results easily beat estimates as it boosted its membership rolls and premium ...
Centene Corporation (CNC) Q3 2024 Earnings Call Transcript
Centene Corporation (NYSE:CNC) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants Jennifer Gilligan - Senior Vice President, Finance and Investor Relations Sarah London...
Centene Says It Is Positioned To Capture Long-Term Growth In Government-Sponsored Healthcare, Lifts Annual Outlook
On Friday, Centene Corporation CNC third-quarter sales of $42.02 billion, up 10.5% year-over-year, beating the consensus of $37.69 billion.
Centene Earnings Are Another Win for Health Insurer Stocks. What to Know.
The health insurer beat quarterly estimates for earnings and sales.
Obamacare Leads Centene To $713 Million Profit Even As Medicaid Dips
Centene reported a third quarter profit of $713 million as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.
Centene's stock soars 14% after earnings sweep past estimates and company backs guidance
Chief Executive Sarah M. London said the company had navigated a ‘dynamic landscape' in the quarter amid turmoil in the Medicaid business.
Centene beats quarterly profit estimates on commercial plan strength
Centene beat Wall Street estimates for third-quarter profit on Friday, as strength in its commercial insurance business outweighed the impact of high costs related to its government-backed Medicaid pl...
CENTENE CORPORATION REPORTS THIRD QUARTER 2024 RESULTS
-- Diluted E PS of $1.36; Adjusted Diluted EPS of $1.62 -- -- Reaffirms 2024 Adjusted Diluted EPS Guidance Floor of Greater Than $6.80 -- Adjusted diluted EPS of $1.62 in the third quarter of 2024 . ...
Harris trades: These healthcare stocks could rally if she wins — or drop if Trump triumphs
Certain healthcare stocks rank among the “Harris trades,” meaning stocks that could rally on a win by Democratic presidential nominee Kamala Harris. Meanwhile, small-cap banks are among the stocks tha...
Centene: Should Have Followed My Original Thesis, But A Buy For Q3 2024
Centene, a leading health insurer, shows strong fundamentals and growth despite sector challenges, making it a "Buy" at a target price of $70/share. The company's 2Q24 results indicate robust earnings...
Health Net Only Health Plan in United States to Receive "Health Equity Accreditation Plus" Across All Lines of Business for 2024
Health Net is one of only three plans in California to ever earn this Accreditation SACRAMENTO, Calif. , Oct. 17, 2024 /PRNewswire/ -- Health Net, one of California's most experienced Medi-Cal managed...
Healthcare stocks under pressure as medical costs climb
CNBC's Bertha Coombs joins 'Squawk on the Street' to report on third-quarter healthcare earnings and why some of those stocks are moving lower.
OKLAHOMA COMPLETE HEALTH DONATES $75,000 TO THE FOSTER CARE ASSOCIATION OF OKLAHOMA TO SUPPORT FOSTER FAMILIES
OKLAHOMA CITY , Oct. 15, 2024 /PRNewswire/ -- Oklahoma Complete Health, a care management organization serving the needs of Oklahomans with a range of health insurance solutions, a subsidiary of Cente...
Peach State Health Plan and Centene Foundation Announce $100,000 Donation to Support Hurricane Relief Efforts in Georgia
Donation will aid community-based organizations in regions heavily impacted by Hurricanes Helene and Milton ATLANTA , Oct. 15, 2024 /PRNewswire/ -- Peach State Health Plan, a care management organizat...