Centene Corporation (CNC)

NYSE: CNC · IEX Real-Time Price · USD
66.19
+0.85 (1.30%)
At close: Jul 2, 2024, 4:00 PM
66.14
-0.05 (-0.08%)
After-hours: Jul 2, 2024, 7:11 PM EDT
1.30%
Market Cap 35.32B
Revenue (ttm) 155.52B
Net Income (ttm) 2.74B
Shares Out 533.66M
EPS (ttm) 5.05
PE Ratio 13.11
Forward PE 9.28
Dividend n/a
Ex-Dividend Date n/a
Volume 3,634,469
Open 65.53
Previous Close 65.34
Day's Range 65.34 - 66.39
52-Week Range 60.83 - 81.42
Beta 0.47
Analysts Buy
Price Target 84.93 (+28.31%)
Earnings Date Jul 26, 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 $154.00 billion, an increase of 6.54% compared to the previous year's $144.55 billion. Earnings were $2.70 billion, an increase of 124.79%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $84.93, which is an increase of 28.31% from the latest price.

Price Target
$84.93
(28.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CENTENE CORPORATION TO HOST 2024 SECOND QUARTER FINANCIAL RESULTS EARNINGS CALL

ST. LOUIS , July 2, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 202...

14 hours ago - PRNewsWire

Sunflower Health Plan and Centene Foundation Announce $200,000 Grant to GoodLife Innovations

Partnership to Improve Behavioral Health Support for  Kansans with Intellectual and Developmental Disabilities LENEXA, Kan. , July 1, 2024 /PRNewswire/ -- Sunflower Health Plan ("Sunflower"), a manage...

1 day ago - PRNewsWire

Health Net Providing Special Assistance to Members Affected by Winter Storms Throughout California

Health Net Assisting Members During State of Emergency SACRAMENTO, Calif. , June 25, 2024 /PRNewswire/ -- In response to Gov.

7 days ago - PRNewsWire

Centene CEO says Medicaid redetermination shifted member profile-conference

Health insurer Centene's Chief Executive Sarah London said on Friday that turnover in people enrolled in Medicaid plans had led to a shift in its membership health profile, to patients who were sicker...

4 weeks ago - Reuters

Centene sees higher-than-expected medical costs in Medicaid

Centene said on Wednesday the health insurer had higher-than-expected claims receipts in April for the first quarter as well as April 2024, indicating continued medical costs in Medicaid.

4 weeks ago - Reuters

WellCare of North Carolina and the Centene Foundation Announce $1.95 Million Investment in The Umbrella Center

Investment will Support Development of Family Justice Center and Vital Services for Those Impacted by Domestic Violence, Sexual Assault and Other Abuses  CHARLOTTE, N.C., May 29, 2024 /PRNewswire/ -- ...

4 weeks ago - PRNewsWire

US health insurer shares fall after UnitedHealth flags Medicaid enrollment issues

Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group cited a near-term disturbance around reimbursement rates for Medicaid due to ongoing program-wide enrollment hurdles that bega...

Other symbols: UNHELVHUM
4 weeks ago - Reuters

Chesapeake Independent Physician Association Expands into Virginia

New Market Gives More Providers Opportunity to Participate in Value-Based Care Programs TAMPA, Fla. , May 28, 2024 /PRNewswire/ -- Collaborative Health Systems (CHS), a management services organizatio...

5 weeks ago - PRNewsWire

Wellcare and The American Legion Partner on Initiative to Prevent Veteran Suicides

The "Be the One" initiative raises awareness of resources available to support veterans The initiative also focuses on education and seeks to reduce the stigma associated with seeking mental health se...

5 weeks ago - PRNewsWire

AcariaHealth Opens Modern Specialty Pharmacy Facility in Chesterfield, Missouri

The Facility Relocation Represents Commitment to Enhanced Patient Care, Employee Well-being and Community Engagement ST. LOUIS, May 28, 2024 /PRNewswire/ --  AcariaHealth , a national specialty pharma...

5 weeks ago - PRNewsWire

CENTENE TO PRESENT AT BERNSTEIN 40TH ANNUAL SDC CONFERENCE 2024

ST. LOUIS , May 27, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today it will present at the Berns...

5 weeks ago - PRNewsWire

Centene Foundation Announces Partnership with Affordable Housing Leader McCormack Baron Salazar to Increase Access to Affordable Housing

Multiyear partnership will focus on predevelopment loans to enable approximately $900 million in planning activity and construction Partnership expected to create thousands of housing units and drive ...

6 weeks ago - PRNewsWire

Cityblock and Sunshine Health Announce Partnership to Deliver Comprehensive Care to Medicaid Members in Central Florida

Members will benefit from 24/7 access to care teams virtually, at home or in a clinic. BROOKLYN, N.Y.

6 weeks ago - PRNewsWire

CENTENE CORPORATION NAMED ONE OF TOP 50 COMPANIES FOR DIVERSITY BY FAIR360

ST. LOUIS , May 15, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today it was named one of the Top ...

6 weeks ago - PRNewsWire

Oklahoma Complete Health Encourages Members to Complete Health Risk Screening Form to Access Additional Services

OKLAHOMA CITY , May 15, 2024 /PRNewswire/ -- Oklahoma Complete Health, a care management organization serving the needs of Oklahomans with a range of health insurance solutions, and a subsidiary of Ce...

6 weeks ago - PRNewsWire

CENTENE SUBSIDIARY SUNFLOWER HEALTH PLAN SELECTED FOR KANSAS MEDICAID AWARD

ST. LOUIS , May 14, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that the Kansas Department o...

7 weeks ago - PRNewsWire

MHS Launches MHS Serves, a $12 Million Statewide Health Equity Program

MHS Serves will support the advancement of programs and innovations to improve health equity efforts statewide MHS Serves will be a collaboration with Indiana Minority Health Coalition and Black Onyx ...

7 weeks ago - PRNewsWire

Uvalde Consolidated Independent School District Expands Student Healthcare Services through Partnership with Hazel Health and Superior HealthPlan

Funding provides access to telehealth services for all students enrolled in the district at no cost through the 2028-29 school year. UVALDE, Texas , May 8, 2024 /PRNewswire/ -- Uvalde Consolidated Ind...

7 weeks ago - PRNewsWire

Meridian in Michigan and the Centene Foundation Announce $1.1 million Grant to Neighborhood Service Organization

Grant funds medical respite program to improve healthcare and housing stability for Detroit's homeless population. DETROIT , May 7, 2024 /PRNewswire/ -- Meridian in Michigan , a leading managed care o...

2 months ago - PRNewsWire

Wellcare and Wellvana Announce Partnership to Expand Patient-Centered Primary Care for Benefit of Medicare Advantage Members in Georgia, Tennessee and Texas

ST. LOUIS and NASHVILLE, Tenn. , May 2, 2024 /PRNewswire/ -- Wellcare , the Medicare business of Centene Corporation (NYSE: CNC), and Wellvana , a value-based care physician enablement company, today ...

2 months ago - PRNewsWire

Centene Profits Eclipse $1 Billion Thanks To Big Obamacare Enrollment

Centene reported first quarter profits of $1.1 billion as membership and premium revenue grew thanks to a big increase in Obamacare enrollment, the health insurer said Friday.

2 months ago - Forbes

Centene raises 2024 profit forecast on strength in commercial plans

Centene Corp raised annual profit forecast and beat Wall Street estimates for first-quarter profit on Friday, helped by higher premiums from its commercial insurance business.

2 months ago - Reuters

Centene's stock jumps premarket after earnings crush estimates and company raises guidance

Centene Corp.'s stock CNC, -0.67% rose 2.7% early Friday, after the managed healthcare provider blew past earnings estimates for the first quarter and raised its full-year guidance. St. Louis-based Ce...

2 months ago - Market Watch

CENTENE CORPORATION REPORTS FIRST QUARTER 2024 RESULTS

-- Diluted E PS of $2.16; Adjusted Diluted EPS of $2.26 -- -- Increases 2024 Full Year Guidance -- 2024 adjusted diluted EPS of $2.26 , up over 7% from $2.11 in the first quarter of 2023. Increases 20...

2 months ago - PRNewsWire

CENTENE SUBSIDIARY MERIDIAN IN MICHIGAN AWARDED MICHIGAN MEDICAID CONTRACTS

ST. LOUIS , April 9, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its subsidiary, Meridi...

3 months ago - PRNewsWire