Centene Corporation (CNC)
| Market Cap | 41.44B |
| Revenue (ttm) | 155.52B |
| Net Income (ttm) | 2.74B |
| Shares Out | 533.66M |
| EPS (ttm) | 5.05 |
| PE Ratio | 15.38 |
| Forward PE | 10.96 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,037,979 |
| Open | 75.92 |
| Previous Close | 75.85 |
| Day's Range | 75.75 - 77.69 |
| 52-Week Range | 60.83 - 81.42 |
| Beta | 0.41 |
| Analysts | Buy |
| Price Target | 85.00 (+9.47%) |
| 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]
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 StatementsAnalyst Forecast
According to 15 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $85.0, which is an increase of 9.47% from the latest price.
News
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...
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...
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 ...
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.
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.
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...
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...
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...
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...
Health care stocks headed for worst day since early November
CNBC's Bertha Coombs reports on what's driving health insurer stocks lower.
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.
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...
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...
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...
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.
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...
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,...
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...
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...
Superior HealthPlan Grant Program Now Open to Providers and Community-based Organizations in Texas
Applications to Address Non-medical Drivers of Health are due by March 31. AUSTIN, Texas , March 5, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior"), a leading managed care organization in Texas ...
CENTENE TO PRESENT AT BARCLAYS 26TH ANNUAL GLOBAL HEALTHCARE CONFERENCE
ST. LOUIS , Feb. 29, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today it will present at the Barc...
Analyst talks stock plays in health care
Hospital revenue has grown by nearly 8% year-to-date in 2024. While hospital and medical costs are aiming to moderate, what does this entail for healthcare stocks and the sector at large?
DELAWARE FIRST HEALTH PARTNERS WITH PYX HEALTH TO TACKLE LONELINESS EPIDEMIC
Innovative Social Health Technology Platform Screens for Loneliness, Depression, and Anxiety While Offering Proven Science-Based Support NEWARK, Del. , Feb. 29, 2024 /PRNewswire/ -- Today Delaware Fir...
Sunflower Health Plan, Centene Foundation and KU Endowment Announce $500,000 Grant to the Kansas Nursing Workforce Center
Funding to Help Address Imbalances in Kansas Healthcare Workforce LENEXA, Kan. , Feb. 28, 2024 /PRNewswire/ -- Sunflower Health Plan ("Sunflower"), a managed care organization established to deliver q...
California Schools, Health Net & The Centene Foundation Create a Culture of Belonging Through National No One Eats Alone® Day
More than 2,000 schools nationwide are expected to participate in this year's event. SACRAMENTO, Calif.