Centene Corporation (CNC)

NYSE: CNC · IEX Real-Time Price · USD
78.43
+0.03 (0.04%)
May 22, 2024, 4:00 PM EDT - Market closed
0.04%
Market Cap 41.85B
Revenue (ttm) 155.52B
Net Income (ttm) 2.74B
Shares Out 533.66M
EPS (ttm) 5.05
PE Ratio 15.53
Forward PE 11.07
Dividend n/a
Ex-Dividend Date n/a
Volume 2,472,680
Open 78.37
Previous Close 78.40
Day's Range 78.12 - 79.02
52-Week Range 60.83 - 81.42
Beta 0.41
Analysts Buy
Price Target 85.21 (+8.65%)
Earnings Date Apr 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 15 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $85.21, which is an increase of 8.65% from the latest price.

Price Target
$85.21
(8.65% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

1 day 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.

1 day 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 ...

7 days 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...

7 days 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...

8 days 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 ...

8 days 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...

14 days 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...

15 days 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 ...

20 days 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.

26 days 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.

26 days 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...

26 days 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...

26 days 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...

6 weeks ago - PRNewsWire

Mayor's Fund's Eviction-prevention Program Receives $2.8 Million Investment from Bob & Dolores Hope Foundation and Health Net

Join L.A. Care Health Plan prior donation to become top donors to We Are LA program LOS ANGELES , April 8, 2024 /PRNewswire/ -- Recognizing the importance of preventing evictions in overcoming Los Ang...

6 weeks ago - PRNewsWire

Health care stocks headed for worst day since early November

CNBC's Bertha Coombs reports on what's driving health insurer stocks lower.

Other symbols: CICVSELVHUMUNH
7 weeks ago - CNBC Television

Health insurer stocks slide as final Medicare Advantage rates disappoint

The rate adds more pressure on insurers already grappling with high medical costs and uncertainty after the cyberattack on UnitedHealth Group's tech unit.

Other symbols: CVSELVHUMUNH
7 weeks ago - CNBC

Oklahoma Complete Health Now Serving SoonerSelect Members

OKLAHOMA CITY , April 1, 2024 /PRNewswire/ -- Oklahoma Complete Health, a care management organization serving the needs of Oklahomans with health insurance solutions and a subsidiary of Centene Corpo...

7 weeks ago - PRNewsWire

Health Net Federal Services Named Top Contact Center Awardee

Company was also recognized – for the 12th consecutive year – as a Center of Excellence by BenchmarkPortal ARLINGTON, Va. , March 29, 2024 /PRNewswire/ -- Health Net Federal Services, LLC (HNFS), a ma...

7 weeks ago - PRNewsWire

Sunflower Health Plan and Centene Foundation Announce $160,000 Grant to Hays Medical Center Foundation

Funding to Help Expand Access to Behavioral Health Services in Rural Kansas LENEXA, Kan. , March 27, 2024 /PRNewswire/ -- Sunflower Health Plan ("Sunflower"), a managed care organization established t...

2 months 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. , March 25, 2024 /PRNewswire/ -- In response to Gov.

2 months ago - PRNewsWire

Texas-based Superior HealthPlan Releases Annual Community Investment Report

Superior partnered with 629 organizations and contributed nearly $1 million in funding to Texas-based community organizations in 2023 AUSTIN, Texas , March 18, 2024 /PRNewswire/ -- Superior HealthPlan...

2 months ago - PRNewsWire

DELAWARE FIRST HEALTH DONATES $15,000 FOR DOULAS TO BE CREDENTIALED IN DELAWARE

NEWARK, Del. , March 14, 2024 /PRNewswire/ -- Delaware First Health, a managed care organization and wholly owned subsidiary of Centene Corporation (NYSE: CNC), today announced three $5,000 donations,...

2 months ago - PRNewsWire

CENTENE CORPORATION TO HOST 2024 FIRST QUARTER FINANCIAL RESULTS EARNINGS CALL

ST. LOUIS , March 7, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 20...

2 months ago - PRNewsWire

11 Texas Schools, Superior HealthPlan & The Centene Foundation Create a Culture of Belonging Through National No One Eats Alone® Day

More than 2,000 schools nationwide participated in this year's event.   EL PASO, Texas , March 7, 2024 /PRNewswire/ -- For the eighth year in a row, Superior HealthPlan ("Superior"), a leading managed...

2 months ago - PRNewsWire