NYSE:CNC - Centene Stock Price, News, & Analysis

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$131.60 -9.71 (-6.87 %)
(As of 10/23/2018 12:18 PM ET)
Previous Close$141.31
Today's Range$127.13 - $134.53
52-Week Range$89.08 - $148.24
Volume2.50 million shs
Average Volume1.29 million shs
Market Capitalization$29.31 billion
P/E Ratio26.16
Dividend YieldN/A
Beta0.82
Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It operates through two segments, Managed Care and Specialty Services. The Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term care, foster care, and dual eligible individual, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray services, home-based primary care, transportation assistance, vision care, dental care, immunizations, prescriptions and limited over-the-counter drugs, specialty pharmacy, therapies, social work services, and care coordination. The Specialty Services segment provides pharmacy benefits management services; health, triage, wellness, and disease management services; vision and dental services; correctional healthcare services; home based primary care services; and integrated long-term care services, as well as care management software that automate the clinical, administrative, and technical components of care management programs. This segment offers its services and products to state programs, correctional facilities, healthcare organizations, employer groups, military service members and their families, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Hospital & medical service plans
Sub-IndustryManaged Health Care
SectorMedical
Current SymbolNYSE:CNC
Previous Symbol
CUSIP15135B10
Phone314-725-4477

Debt

Debt-to-Equity Ratio0.59
Current Ratio1.25
Quick Ratio1.26

Price-To-Earnings

Trailing P/E Ratio26.16
Forward P/E Ratio18.59
P/E Growth1.38

Sales & Book Value

Annual Sales$48.38 billion
Price / Sales0.56
Cash Flow$6.6768 per share
Price / Cash19.71
Book Value$39.78 per share
Price / Book3.31

Profitability

EPS (Most Recent Fiscal Year)$5.03
Net Income$828 million
Net Margins2.06%
Return on Equity14.57%
Return on Assets4.74%

Miscellaneous

Employees33,700
Outstanding Shares205,260,000
Market Cap$29.31 billion
OptionableN/A

Centene (NYSE:CNC) Frequently Asked Questions

What is Centene's stock symbol?

Centene trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNC."

How were Centene's earnings last quarter?

Centene Corp (NYSE:CNC) posted its earnings results on Tuesday, October, 23rd. The company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.02. The business had revenue of $16.18 billion for the quarter, compared to analysts' expectations of $15.93 billion. Centene had a net margin of 2.06% and a return on equity of 14.57%. The business's revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 earnings per share. View Centene's Earnings History.

When is Centene's next earnings date?

Centene is scheduled to release their next quarterly earnings announcement on Tuesday, October 23rd 2018. View Earnings Estimates for Centene.

What guidance has Centene issued on next quarter's earnings?

Centene updated its FY18 earnings guidance on Tuesday, October, 23rd. The company provided earnings per share guidance of $6.90-7.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.08. The company issued revenue guidance of $59.8-60.3 billion, compared to the consensus revenue estimate of $59.81 billion.Centene also updated its FY 2018 guidance to $6.90-7.10 EPS.

What price target have analysts set for CNC?

16 equities research analysts have issued 1-year price objectives for Centene's shares. Their forecasts range from $115.00 to $175.00. On average, they expect Centene's share price to reach $147.50 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for Centene.

What is the consensus analysts' recommendation for Centene?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centene in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centene.

What are Wall Street analysts saying about Centene stock?

Here are some recent quotes from research analysts about Centene stock:
  • 1. According to Zacks Investment Research, "Centene’s shares have outperformed its industry’s gain in the past year. The company has been performing really well on the back of higher revenues, primarily driven by growth in the Health Insurance Marketplace business in 2018, strategic acquisitions, expansions and new programs across many of the states in 2017 and 2018 as well as the reinstatement of the health insurer fee in 2018. Its raised 2018 guidance should instill investors’ confidence in the stock. However, it is burdened with high debts. The long-term debt has been rising since 2005, mainly because the company’s acquisitions are financed majorly by borrowings. Apart from long term debt, increasing interest expenses weighs on its margins. Escalating operating costs since 2007 remains another concern." (10/4/2018)
  • 2. Cantor Fitzgerald analysts commented, "This morning, Centene filed an 8-K which indicates that it will contribute $340 million (over five years) to New York State in conjunction with the Fidelis acquisition." (4/2/2018)

Who are some of Centene's key competitors?

Who are Centene's key executives?

Centene's management team includes the folowing people:
  • Mr. Michael Frederic Neidorff, Chairman & CEO (Age 75)
  • Ms. Cynthia J. Brinkley, Pres , COO, Chief Admin. & Markets Officer (Age 58)
  • Mr. Jeffrey Alan Schwaneke CPA, CPA, Exec., CFO & Treasurer (Age 42)
  • Mr. Keith Harvey Williamson, Exec. VP, Gen. Counsel & Corp. Sec. (Age 66)
  • Mr. Jesse N. Hunter, Exec. VP & Chief Strategy Officer (Age 42)

Who are Centene's major shareholders?

Centene's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.28%), Strs Ohio (0.16%), Handelsbanken Fonder AB (0.10%), Chevy Chase Trust Holdings Inc. (0.08%), BB&T Corp (0.07%) and Nisa Investment Advisors LLC (0.07%). Company insiders that own Centene stock include Brandy Burkhalter, Christopher D Bowers, Jeffrey A Schwaneke, Jesse N Hunter, Keith H Williamson, Mark J Brooks, Michael F Neidorff, Richard A Gephardt, Robert K Ditmore and Stephen Wallace. View Institutional Ownership Trends for Centene.

Which major investors are selling Centene stock?

CNC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Strs Ohio, Rhenman & Partners Asset Management AB, BB&T Corp, Chevy Chase Trust Holdings Inc., Texas Permanent School Fund, Xact Kapitalforvaltning AB and Andra AP fonden. Company insiders that have sold Centene company stock in the last year include Brandy Burkhalter, Christopher D Bowers, Jesse N Hunter, Keith H Williamson, Michael F Neidorff and Robert K Ditmore. View Insider Buying and Selling for Centene.

Which major investors are buying Centene stock?

CNC stock was acquired by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc., Nisa Investment Advisors LLC, First Citizens Bank & Trust Co., First Hawaiian Bank, Polianta Ltd, Iberiabank Corp, Bfsg LLC and Seven Eight Capital LP. View Insider Buying and Selling for Centene.

How do I buy shares of Centene?

Shares of CNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Centene's stock price today?

One share of CNC stock can currently be purchased for approximately $131.60.

How big of a company is Centene?

Centene has a market capitalization of $29.31 billion and generates $48.38 billion in revenue each year. The company earns $828 million in net income (profit) each year or $5.03 on an earnings per share basis. Centene employs 33,700 workers across the globe.

What is Centene's official website?

The official website for Centene is http://www.centene.com.

How can I contact Centene?

Centene's mailing address is 7700 FORSYTH BOULEVARD, ST LOUIS MO, 63105. The company can be reached via phone at 314-725-4477 or via email at [email protected]


MarketBeat Community Rating for Centene (NYSE CNC)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  777 (Vote Outperform)
Underperform Votes:  496 (Vote Underperform)
Total Votes:  1,273
MarketBeat's community ratings are surveys of what our community members think about Centene and other stocks. Vote "Outperform" if you believe CNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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