Centene Corporation (CNC)

NYSE: CNC · Delayed Price · USD
85.31
-1.90 (-2.18%)
At close: May 25, 2022 4:03 PM
84.03
-1.28 (-1.50%)
Pre-market:May 26, 2022 6:41 AM EDT
Market Cap49.90B
Revenue (ttm)133.18B
Net Income (ttm)1.50B
Shares Out584.89M
EPS (ttm)2.53
PE Ratio33.71
Forward PE15.70
Dividendn/a
Ex-Dividend Daten/a
Volume2,467,290
Open86.65
Previous Close87.21
Day's Range84.39 - 86.65
52-Week Range59.67 - 89.92
Beta0.52
AnalystsBuy
Price Target97.73 (+14.6%)
Earnings DateApr 26, 2022

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...

IndustryHealth Care Providers & Services
IPO DateDec 13, 2001
CEOMichael Neidorff
Employees72,500
Stock ExchangeNYSE
Ticker SymbolCNC
Full Company Profile

Financial Performance

In 2021, Centene's revenue was $125.98 billion, an increase of 13.38% compared to the previous year's $111.12 billion. Earnings were $1.35 billion, a decrease of -25.50%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is 97.73, which is an increase of 14.56% from the latest price.

Price Target
$97.73
(14.56% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CENTENE CORPORATION TO HOST VIRTUAL INVESTOR MEETING ON JUNE 17, 2022

ST. LOUIS , May 19, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) will host its next Investor Meeting in a virtual format on Friday, June 17 th, 2022. Centene Corporation's senior management will...

6 days ago - PRNewsWire

Here's Why Centene Stock Is A Better Bet Compared To This Pharmaceuticals Bellwether

We think that Centene stock (NYSE: CNC) currently is a better pick compared to the pharmaceuticals bellwether Johnson & Johnson stock (NYSE: JNJ), given Centene's better prospects and comparatively lowe...

1 week ago - Forbes

California's Most Vulnerable Get Boost in Access to Health Care by Data Driven Human Outreach and Relentless Drive fo...

Creating Human Connections, Meeting Patients Where They Are, and Keeping Solutions Simple among Key Best Practices to Improving Access and Driving Health Equity SACRAMENTO, Calif., May 12, 2022 /PRNewsw...

1 week ago - PRNewsWire

Behavioral Health Center of Excellence and Centene Announce Partnership to Advance Quality in Autism Treatment Outcomes

LOS ANGELES & ST. LOUIS--(BUSINESS WIRE)--Behavioral Health Center of Excellence (BHCOE), a data-driven healthcare accreditor, today announced a strategic partnership with Centene Corporation (NYSE:CNC)...

2 weeks ago - Business Wire

Centene Subsidiary Selected to Continue Serving Missouri's Medicaid Managed Care Members and Wins Single Source Foste...

ST. LOUIS , May 6, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its Missouri subsidiary, Home State Health, has been awarded the MO HealthNet Managed Care General Plan and Specia...

2 weeks ago - PRNewsWire

Stocks With Rising Composite Ratings: Centene

Centene saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 93 the day before. The post Stocks With Rising Composite Ratings: Centene appeared first on Investor's Business Daily.

2 weeks ago - Investors Business Daily

General Atlantic, Nautic Partners and The Vistria Group Announce Strategic Acquisition of PANTHERx Rare From Centene ...

Investor consortium plans to partner with PANTHERx Rare to fuel its continued expansion as a leading rare and orphan focused specialty pharmacy PITTSBURGH, NEW YORK, PROVIDENCE, R.I. and CHICAGO, May 5,...

2 weeks ago - PRNewsWire

3 Growth Stocks That Beat Earnings Despite Inflation

Macroeconomic factors have challenged a lot of companies lately -- but these three companies have succeeded anyway.

Other symbols:MSFTPEP
2 weeks ago - The Motley Fool

CENTENE SIGNS DEFINITIVE AGREEMENTS TO DIVEST TWO PHARMACY BUSINESSES IN SEPARATE TRANSACTIONS

~ Centene to sell Magellan Rx to Prime Therapeutics ~ ~ Centene to sell PANTHERx to The Vistria Group, General Atlantic, and Nautic Partners ~ ~ Centene expects to receive aggregate proceeds of approxim...

2 weeks ago - PRNewsWire

CENTENE TO PRESENT AT BANK OF AMERICA 2022 HEALTHCARE CONFERENCE

ST. LOUIS , May 3, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today it will present at the Bank of America 2022 Healthcare Conference, to be held Monday, May 9-Friday, May 13, 2022, ...

3 weeks ago - PRNewsWire

Buy XOM, SLCA, CNC and R Before Earnings Reports?

The earnings season is coming in soft as expected, but there should be a boost from energy stocks later this week.

Other symbols:RSLCAXOM
4 weeks ago - Zacks Investment Research

Centene (CNC) Q1 Earnings Beat Estimates, Ups '22 EPS View

Centene's (CNC) first-quarter results highlight improved premium and service revenues and, higher membership growth. An increased 2022 guidance with respect to EPS and revenues should impress investors.

4 weeks ago - Zacks Investment Research

Centene (CNC) Q1 Earnings and Revenues Surpass Estimates

Centene (CNC) delivered earnings and revenue surprises of 8.93% and 7.21%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 weeks ago - Zacks Investment Research

Centene profit and revenue rise above expectations, full-year outlook lifted

Centene Corp. CNC, +0.53% reported Tuesday first-quarter profit and revenue that rose above expectations, amid strength in its Medicare and Medicaid businesses, and raised its full-year earnings outlook...

1 month ago - Market Watch

CENTENE CORPORATION REPORTS FIRST QUARTER 2022 RESULTS AND INCREASES 2022 GUIDANCE

-- Diluted EPS of $1.44; Adjusted Diluted EPS of $1.83 -- -- Raises Total Revenue and Adjusted EPS Guidance -- ST. LOUIS , April 26, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today ...

1 month ago - PRNewsWire

What to Expect From Centene (CNC) this Earnings Season?

Centene's (CNC) first-quarter results are likely to reflect growing revenues attributable to a rise in premiums and membership, partly offset by lower investment income.

1 month ago - Zacks Investment Research

Meridian Shines a Light on Cyberbullying and Encourages Michigan Youth to Make a Difference

DETROIT , April 21, 2022 /PRNewswire/ -- In today's world of technology, many youth experience the negative consequences of increased connectivity and socialization in the form of cyberbullying. Cyberbu...

1 month ago - PRNewsWire

Centene (CNC) Earnings Expected to Grow: Should You Buy?

Centene (CNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

CENTENE BOARD ISSUES STATEMENT ON DEPARTURE OF BOARD MEMBER

ST. LOUIS , April 15, 2022 /PRNewswire/ -- Centene Corporation's (NYSE: CNC) Board of Directors issued the following statement today: The Centene Board has accepted the resignation of Leslie V. Norwalk,...

1 month ago - PRNewsWire

What Centene's Next Era in Managed Care Looks Like

Neidorff built Centene through Medicaid contracts and strict cost controls. His successor is under pressure to increase margins.

1 month ago - InvestorPlace

Meridian Michigan Announces Appointment of New Chief Medical Officer

DETROIT , April 4, 2022 /PRNewswire/ -- Meridian Michigan, a provider of government-sponsored health plans, announced today that it has appointed Dr. Kay Judge as its new Chief Medical Officer, effectiv...

1 month ago - PRNewsWire

CENTENE TO HOLD 2022 ANNUAL MEETING FOLLOWING 2022 FIRST QUARTER FINANCIAL RESULTS CONFERENCE CALL

– Live Audio Webcast of Annual Meeting Available – ST. LOUIS , April 1, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced that following the release of its 2022 first quarter financia...

1 month ago - PRNewsWire

Jesse Hunter Joins Welsh, Carson, Anderson & Stowe as Healthcare Operating Partner

NEW YORK, March 23, 2022 /PRNewswire/ -- Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm focused exclusively on the healthcare and technology industries, announced today that Jesse...

2 months ago - PRNewsWire

CENTENE APPOINTS SARAH LONDON AS CHIEF EXECUTIVE OFFICER

ST. LOUIS, March 22, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that Sarah London, Vice Chairman of Centene, has been appointed Chief Executive Officer, effective immediately, ...

2 months ago - PRNewsWire

CENTENE CORPORATION SCHEDULES 2022 FIRST QUARTER FINANCIAL RESULTS CONFERENCE CALL

ST. LOUIS , March 22, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today issued a reminder that it will release its 2022 first quarter financial results at approximately 6 a.m. (Eastern Time) on...

2 months ago - PRNewsWire