Centene Corporation (CNC)
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]
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 StatementsAnalyst 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.
News
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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...
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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...
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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.
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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...
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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.
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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/ -- ...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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.
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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 ...
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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...
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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...
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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 ...
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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...
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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...
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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 ...
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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.
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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.
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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...
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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...
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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...