Centene Corporation (CNC)

NYSE: CNC · IEX Real-Time Price · USD
63.46
-0.19 (-0.30%)
Mar 30, 2023, 1:46 PM EDT - Market open
-0.3%
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]

Sector Healthcare
IPO Date Dec 13, 2001
Employees 72,500
Stock Exchange NYSE
Ticker Symbol CNC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$91.23
(43.76% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Centene (CNC) Expands Evolent Partnership to Boost Quality

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

52 minutes ago - Zacks Investment Research

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.

19 hours ago - PRNewsWire

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...

Other symbols: EVH
21 hours ago - PRNewsWire

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...

3 days ago - PRNewsWire

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.

Other symbols: CIHUMMOHUNH
1 week ago - Zacks Investment Research

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...

3 weeks ago - PRNewsWire

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.

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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.

Other symbols: AMZNMTCHSNOW
1 month ago - Barrons

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.

1 month ago - PRNewsWire

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...

1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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?

1 month ago - Zacks Investment Research

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...

1 month ago - Market Watch

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%.

1 month ago - PRNewsWire

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 ...

1 month ago - PRNewsWire

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.

1 month ago - Zacks Investment Research

Health-insurance stocks drop after Medicare Advantage proposes lower rates for 2024

A proposal for lower-than-expected Medicare Advantage rates in 2024 has sent shares of publicly traded health insurers falling.

Other symbols: CIELVHUMMOHUNH
2 months ago - Market Watch

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...

2 months ago - PRNewsWire

Health Net Federal Services Welcomes New Interns from the Department of Defense SkillBridge Program

Three Military Transition Interns Start January 2023. ARLINGTON, Va.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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. (...

2 months ago - PRNewsWire

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.

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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...

3 months ago - Market Watch