Centene Corporation (CNC)
Market Cap | 34.97B |
Revenue (ttm) | 144.55B |
Net Income (ttm) | 1.20B |
Shares Out | 551.27M |
EPS (ttm) | 2.07 |
PE Ratio | 30.71 |
Forward PE | 13.07 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 2,093,113 |
Open | 64.00 |
Previous Close | 63.65 |
Day's Range | 63.30 - 64.02 |
52-Week Range | 61.71 - 98.53 |
Beta | 0.56 |
Analysts | Buy |
Price Target | 91.23 (+43.76%) |
Earnings Date | Apr 25, 2023 |
About CNC
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and speci... [Read more]
Financial Performance
In 2022, Centene's revenue was $144.55 billion, an increase of 14.74% compared to the previous year's $125.98 billion. Earnings were $1.20 billion, a decrease of -10.76%.
Financial StatementsAnalyst Forecast
According to 24 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $91.23, which is an increase of 43.76% from the latest price.
News

Centene (CNC) Expands Evolent Partnership to Boost Quality
Centene (CNC) expands the use of Evolent's oncology specialty care to improve cost management.

Health Net Providing Special Assistance to Members Affected by Winter Storms
Health Net Assisting Members in Alameda, Marin, Modoc and Shasta Counties During State of Emergency SACRAMENTO, Calif. , March 29, 2023 /PRNewswire/ -- In response to Gov.

Evolent Health and Centene Agree to Expanded Partnership for Oncology Specialty Care for Medicare Advantage Members
WASHINGTON , March 29, 2023 /PRNewswire/ -- Evolent Health, Inc. (NYSE: EVH), a health care company that delivers proven value-based specialty care solutions to payers and providers, today announced a...

CENTENE CORPORATION ANNOUNCES NEW CHIEF PEOPLE OFFICER
ST. LOUIS , March 27, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today the appointment of Tanya McNally to Senior Vice President and Chief People Officer of Centene. As the Chief P...

5 HMO Stocks to Watch Despite Elevated Tech Costs, Nursing Shortage
Improved premiums cropping from a solid customer base might aid the Medical-HMO industry. However, an escalating expense level and an acute shortage of nurses are roadblocks.

CENTENE TO PRESENT AT BARCLAYS 2023 GLOBAL HEALTHCARE CONFERENCE
ST. LOUIS , March 2, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today it will present at the Barclays 2023 Global Healthcare Conference, to be held Tuesday, March 14-Thursday, Marc...

Why Centene (CNC) is a Top Growth Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Centene Addresses Social Isolation in Schools with National No One Eats Alone Day
Centene Charitable Foundation Sponsored National No One Eats Alone® Day for Seventh Consecutive Year Health Plans Hosted Events in 220 Schools across the Country in 2023 ST. LOUIS , Feb. 23, 2023 /PRN...

Amazon and Other Quality Stocks Have Been Hit Hard. They Could Be Buys.
Some quality stocks are on sale, a perfect opportunity for investors interested in names that might have a particularly bright future.

Health Net Awards $1.5 Million Grant to Keck School of Medicine to Enable Street Medicine Teams to Better Serve Unsheltered Populations Across California
Funds will establish programs to prepare new street medicine workforces across the state. SACRAMENTO, Calif.

Centene (CNC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Centene (CNC) give insight into how the company performed in the quarter ended December 2022, but it may be worthwhile to compare some of its key metrics to Wall Street estima...

Centene (CNC) Q4 Earnings Miss on High Costs, '23 Premium View Up
Centene's (CNC) fourth-quarter results suffer from elevated medical expenses, partly offset by growing premium and service revenues.

Centene (CNC) Q4 Earnings and Revenues Lag Estimates
Centene (CNC) delivered earnings and revenue surprises of -1.15% and 0.08%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Centene boosts revenue forecast for 2023
Centene Corp. CNC, swung to a loss in the latest quarter, though the company boosted its 2023 revenue forecast in its Tuesday morning report. The company posted a fourth-quarter net loss of $213 milli...

CENTENE CORPORATION REPORTS 2022 RESULTS
-- 2022 Full Year Diluted EPS of $2.07; Adjusted Diluted EPS of $5.78 -- 2022 adjusted diluted EPS growth of 12%. 2022 total revenues of $144.5 billion, up 15%.

CENTENE RECOGNIZED IN 2023 BLOOMBERG GENDER-EQUALITY INDEX
ST. LOUIS , Feb. 6, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today it has been named to the 2023 Bloomberg Gender-Equality Index for the fourth year. The annual index recognizes ...

Can Lower Managed Care Profits Hurt Centene (CNC) Q4 Earnings?
Centene's (CNC) fourth-quarter results are likely to reflect growth in premiums and memberships.

CENTENE NAMED TO FORTUNE WORLD'S MOST ADMIRED COMPANIES LIST
Recognition Marks Fifth Consecutive Year Centene Honored in Annual Ranking ST. LOUIS , Feb. 1, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today it has once again been recognized by...

Health Net Federal Services Welcomes New Interns from the Department of Defense SkillBridge Program
Three Military Transition Interns Start January 2023. ARLINGTON, Va.

CENTENE COMPLETES DIVESTITURE OF MAGELLAN SPECIALTY HEALTH
ST. LOUIS , Jan. 23, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that it has completed the previously announced divestiture of Magellan Specialty Health to Evolent Health, Inc...

CENTENE CORPORATION SCHEDULES 2022 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS CONFERENCE CALL
ST. LOUIS , Jan. 13, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today issued a reminder that it will release its 2022 fourth quarter and full year financial results at approximately 6 a.m. (...

Centene (CNC) Wins Contract From DHCS to Serve Medi-Cal Members
Centene's (CNC) California subsidiary receives a contract from the DHCS to better address the health requirements of the state's Medi-Cal members.

Why Hold Strategy is Apt for Centene (CNC) Stock Right Now
Centene's (CNC) health benefits ratio is expected to improve in the coming days, signaling better operating efficiency.

Centene boosts 2024 profit outlook after new Medi-Cal contracts from DHCS
Centene Corp. CNC, +0.35% raised on Tuesday the low end of its 2024 profit outlook, after the healthcare services provider announced new Medi-Cal direct contracts. The company said it raised its proje...