Centene Corporation (CNC)

NYSE: CNC · Real-Time Price · USD
59.10
+1.29 (2.23%)
At close: Nov 20, 2024, 4:00 PM
59.07
-0.03 (-0.05%)
Pre-market: Nov 21, 2024, 5:47 AM EST
2.23%
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]

Sector Healthcare
IPO Date Dec 13, 2001
Employees 67,000
Stock Exchange NYSE
Ticker Symbol CNC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$83.92
(42.00% upside)
Analyst Consensus: Buy
Stock Forecasts

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 ...

Other symbols: CIELVHUMMOHUNH
12 days ago - Seeking Alpha

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 ...

13 days ago - PRNewsWire

Trump Will Create New Winners and Losers in Healthcare

Market reactions sharply diverged among healthcare companies as investors expect changes to Obamacare, Medicare.

Other symbols: OSCRUNHXLV
14 days ago - WSJ

Harris Stocks: Promising Picks If Harris Wins

The Trump vs. Harris game is down to the bottom of the ninth.

15 days ago - Forbes

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...

19 days ago - PRNewsWire

These are the S&P 500's biggest laggards for October, down by as much as 29%

Super Micro joined the list after a 33% drop on Wednesday.

20 days ago - Market Watch

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...

21 days ago - PRNewsWire

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/...

21 days ago - 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...

22 days ago - PRNewsWire

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...

22 days ago - PRNewsWire

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...

22 days ago - PRNewsWire

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 ...

26 days ago - Investopedia

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...

26 days ago - Seeking Alpha

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.

26 days ago - Benzinga

Centene Earnings Are Another Win for Health Insurer Stocks. What to Know.

The health insurer beat quarterly estimates for earnings and sales.

26 days ago - Barrons

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.

26 days ago - Forbes

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.

26 days ago - Market Watch

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...

27 days ago - Reuters

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 . ...

27 days ago - PRNewsWire

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...

Other symbols: MOHUNH
4 weeks ago - Market Watch

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...

4 weeks ago - Seeking Alpha

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...

4 weeks ago - PRNewsWire

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.

Other symbols: CVSELVHUMUNH
5 weeks ago - CNBC Television

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire