Centene Corporation (CNC)
Market Cap | 32.14B |
Revenue (ttm) | 146.20B |
Net Income (ttm) | 3.07B |
Shares Out | 504.87M |
EPS (ttm) | 5.75 |
PE Ratio | 11.07 |
Forward PE | 9.35 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 4,640,803 |
Open | 62.79 |
Previous Close | 62.25 |
Day's Range | 62.27 - 63.75 |
52-Week Range | 55.03 - 81.42 |
Beta | 0.45 |
Analysts | Buy |
Price Target | 80.86 (+27.02%) |
Earnings Date | Feb 4, 2025 |
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 14 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $80.86, which is an increase of 27.02% from the latest price.
News
Focus On Costs, Regulatory Outlook For Health Insurers In Q4'24 Earnings Season
Most publicly traded US health insurers are forecast to report sequential revenue and earnings declines for the fourth quarter of 2024, according to S&P Global Market Intelligence analysis of sell-sid...
CENTENE CORPORATION TO HOST 2024 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS EARNINGS CALL
ST. LOUIS , Jan. 15, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 20...
'Ohana Health Plan and Hope Services Hawaii Launch Residential Program for Integrated Clinical Care
First-of-its-kind health plan and housing agency partnership in Hawaii offers transitional housing and structured support for its most vulnerable members experiencing homelessness HILO, Hawaii , Jan. ...
Centene Corporation Names First President over Individual Coverage Health Reimbursement Arrangements (ICHRA) Business
New leadership role reflects Centene's focus on ICHRA growth ST LOUIS , Jan. 9, 2025 /PRNewswire/ -- Centene Corporation ("Centene") [NYSE: CNC], a leading healthcare enterprise committed to helping p...
Health Net Providing Special Assistance to Members Affected by Palisades Fire and Windstorm Conditions in Los Angeles and Ventura Counties
Health Net Assisting Members During State of Emergency SACRAMENTO, Calif. , Jan. 8, 2025 /PRNewswire/ -- In response to Gov.
MHS' Health Equity Program, MHS Serves, Launches Youth Mental Health Partnership
MHS Serves supports the advancement of programs and innovations to improve health equity efforts statewide. INDIANAPOLIS , Jan. 7, 2025 /PRNewswire/ -- MHS Serves, a health equity program from Managed...
Centene: Attractive Risk-Reward For A Growing Company At A Value Price
Centene reported strong Q3'24 results, beating revenue expectations by $4.13 billion and achieving EPS of $1.62, driven by Medicaid rate increases and membership growth. Key highlights from the quarte...
Health Net Providing Special Assistance to Members Affected by Bird Flu Throughout California
Health Net Assisting Members During State of Emergency SACRAMENTO, Calif. , Dec. 18, 2024 /PRNewswire/ -- In response to Gov.
Superior HealthPlan Commemorates 25-year Anniversary by Awarding $25,000 Grant to NAMI El Paso
The funding will help address the mental health needs of local children and youth. AUSTIN, Texas , Dec. 16, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior"), a leading managed care organization ...
Why Is Insurance Firm Centene Stock Trading Higher On Thursday?
On Thursday, Centene Corporation CNC outlined its 2025 financial guidance.
Health insurer Centene forecasts 2025 profit above expectations
U.S. health insurer Centene forecast a better-than-expected profit for 2025 on Thursday, betting on the strength of its commercial plans to neutralize higher costs in its government-backed health plan...
CENTENE CORPORATION ANNOUNCES 2025 GUIDANCE
-- 2025 adjusted diluted EPS of greater than $7.25 -- -- Reaffirms 2024 adjusted diluted EPS guidance of greater than $6.80 -- ST. LOUIS , Dec. 12, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC)...
Health care stocks fall as lawmakers, patients push for changes to their business models
Shares of major healthcare companies fell nearly 5% on Wednesday on concerns related to potential changes to their complex business models. That includes UnitedHealth Group, Cigna and CVS Health, whic...
Health insurer stocks fall as WSJ says lawmakers set to break up pharmacy-benefit managers
Shares of health insurers such as UnitedHealth and CVS Health fell on Wednesday after a Wall Street Journal report said a bipartisan group of lawmakers were set to introduce legislation to break up ph...
UnitedHealth, rival insurer stocks continue to tumble after Brian Thompson's murder in NYC
Thompson's death sparked a wide social media conversation over frustrations with navigating the US health insurance system.
Health insurer shares fall after UnitedHealth exec murder
Shares of health insurance companies including UnitedHealth Group continued to fall on Friday, two days after Brian Thompson, the CEO of the company's health insurance unit, was fatally shot outside a...
Health Insurance Stocks—Led By UnitedHealth—Suffer Steep Drops Following Brian Thompson's Killing
Shares of UnitedHealthcare's parent company led a broader selloff in health insurance stocks, losses one analyst described as a likely result of the industry's fresh focus following the Wednesday kill...
UnitedHealthcare CEO killing spurs Centene to hold virtual meeting and insurers to pull exec photos
The killing of UnitedHealthcare CEO Brian Thompson spurred big Medicaid insurer Centene to hold a virtual investor day instead of an in-person event at the New York Stock Exchange. Other major health ...
CENTENE CORPORATION TO HOST VIRTUAL INVESTOR DAY ON DECEMBER 12, 2024
ST. LOUIS , Dec. 5, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, today announced that, in the wake of the tra...
CENTENE FOUNDATION PARTNERS WITH THE NATIONAL ASSOCIATION OF COMMUNITY HEALTH CENTERS TO STRENGTHEN COMMUNITY HEALTH DELIVERY
Three-year partnership to increase value-based payment model adoption and improve maternal and child health outcomes in community health centers, impacting up to 1 in 5 Medicaid members ST. LOUIS , De...
CENTENE CORPORATION TO HOST INVESTOR DAY ON DECEMBER 12, 2024
ST. LOUIS , Dec. 3, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, today announced that it will host an investo...
Centene Corporation - Digital Transformation Strategy Report 2024: Details of Estimated ICT budgets and Major ICT Contracts
Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Centene Corporation - 2024" company profile has been added to ResearchAndMarkets.com's offering.
Meridian Health Plan of Illinois and Liberty Bank and Trust Partner to Create Small Business Loan Program to Support and Empower Diverse and Small Businesses in Illinois
$500,000 grant from Meridian will support $2.5 million in lending power to fuel growth and community development CHICAGO , Nov. 21, 2024 /PRNewswire/ -- Meridian Health Plan of Illinois, Inc. (Meridia...
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 ...