Centene Corporation (CNC)
Market Cap | 30.08B |
Revenue (ttm) | 146.20B |
Net Income (ttm) | 3.07B |
Shares Out | 504.87M |
EPS (ttm) | 5.75 |
PE Ratio | 10.36 |
Forward PE | 8.75 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 16,691,256 |
Open | 60.00 |
Previous Close | 59.71 |
Day's Range | 59.00 - 60.70 |
52-Week Range | 55.03 - 81.42 |
Beta | 0.46 |
Analysts | Buy |
Price Target | 80.73 (+35.5%) |
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 15 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $80.73, which is an increase of 35.50% from the latest price.
News
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 ...
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/...