Centene Corporation (CNC)
| Market Cap | 39.01B |
| Revenue (ttm) | 155.52B |
| Net Income (ttm) | 2.74B |
| Shares Out | 533.66M |
| EPS (ttm) | 5.05 |
| PE Ratio | 14.48 |
| Forward PE | 10.27 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 9,686,465 |
| Open | 69.45 |
| Previous Close | 67.40 |
| Day's Range | 69.30 - 74.72 |
| 52-Week Range | 60.83 - 81.42 |
| Beta | 0.50 |
| Analysts | Buy |
| Price Target | 84.00 (+14.91%) |
| 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 $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 $84.0, which is an increase of 14.91% from the latest price.
News
Centene Beats Estimates, Boosts Guidance on Higher Premiums, Memberships
Centene (CNC) shares jumped in intraday trading Friday as the managed care provider reported better-than-expected profit and sales and raised its guidance as its premium and services sales and members...
Health Insurer Centene's Q2 Premium Revenue Cushions Fall In Medicaid Enrollment, Raises Annual Outlook
On Friday, Centene Corporation CNC reported second-quarter sales of $39.84 billion, up 5.9% year-over-year, beating the consensus of $36.46 billion.
Centene Profits Hit $1.1 Billion As Obamacare Offsets Drop In Medicaid
Centene reported second quarter profits of $1.1 billion as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.
Centene beats profit estimates after change in govt risk adjustment
Centene Corp beat Wall Street estimates for second-quarter profit on Friday following the company's announcement that it was no longer required to make a $1.3 billion payment related to its government...
CENTENE CORPORATION REPORTS SECOND QUARTER 2024 RESULTS
-- Diluted E PS of $2.16; Adjusted Diluted EPS of $2.42 -- -- Reaffirms 2024 Adjusted Diluted EPS Guidance Floor of Greater Than $6.80 -- Adjusted diluted EPS of $2.42 , up 15% from $2.10 in the seco...
Astrana Health Enters Definitive Agreement to Acquire Collaborative Health Systems
ALHAMBRA, Calif. , July 25, 2024 /PRNewswire/ -- Astrana Health, Inc. ("Astrana"), together with its subsidiaries and affiliated entities ("the Company") (NASDAQ: ASTH), a leading provider-centric, te...
Health insurer Centene's upbeat quarterly profit forecast fails to impress
Centene forecast second-quarter adjusted profit above Wall Street estimates, saying it does not have to make a previously expected payment under a "risk adjustment" program related to its government-b...
WellCare Welcome Room Opens in Raleigh, Providing Healthcare Resources and Community Support
The New Facility is the Sixth Welcome Room to Open in North Carolina RALEIGH, N.C. , July 18, 2024 /PRNewswire/ -- WellCare of North Carolina (WellCare), the Medicaid brand and wholly owned subsidiar...
Duo Health Partners with Arizona Complete Health on Value-Based Care Program to Improve Outcomes for Members with Chronic Kidney Disease and End-Stage Kidney Disease
WASHINGTON--(BUSINESS WIRE)--Duo Health (“Duo”), a new type of value-based medical group purpose-built to manage chronic kidney disease (CKD) and end-stage kidney disease (ESKD), announced today it ha...
WellCare of North Carolina Receives NCQA Health Equity Accreditation Ahead of 2025 Requirement
RALEIGH, N.C. , July 10, 2024 /PRNewswire/ -- Today WellCare of North Carolina (WellCare), a Medicaid health plan and subsidiary of Centene Corporation (NYSE: CNC) has received Health Equity Accredit...
Health Net Providing Special Assistance to Members Affected by Thompson Fire in Butte County
Health Net Assisting Members During State of Emergency SACRAMENTO, Calif. , July 4, 2024 /PRNewswire/ -- In response to Gov.
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...
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...
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.
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...
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.
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/ -- ...
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...
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...
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...
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...
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...
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 ...
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.
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 ...