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Centene Corporation (CNC)

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63.50 +1.24 (+1.99%)
As of 1:58 PM EDT. Market Open.
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DELL
  • Previous Close 62.26
  • Open 62.32
  • Bid 63.63 x 800
  • Ask 63.63 x 800
  • Day's Range 62.26 - 63.84
  • 52 Week Range 59.77 - 81.42
  • Volume 2,703,133
  • Avg. Volume 4,632,232
  • Market Cap (intraday) 32.059B
  • Beta (5Y Monthly) 0.48
  • PE Ratio (TTM) 10.97
  • EPS (TTM) 5.79
  • Earnings Date Oct 25, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 83.14

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 Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual, small, and large group commercials. It also operates clinical healthcare and pharmacies, as well as offers dental and speech therapy services. In addition, the company engages in the government contracts business under the TRICARE program and other healthcare related government contracts. It provides services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in Saint Louis, Missouri.

www.centene.com

67,700

Full Time Employees

December 31

Fiscal Year Ends

Recent News: CNC

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Performance Overview: CNC

Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

CNC
14.43%
S&P 500
20.24%

1-Year Return

CNC
7.94%
S&P 500
36.76%

3-Year Return

CNC
10.86%
S&P 500
24.53%

5-Year Return

CNC
19.63%
S&P 500
88.81%

Compare To: CNC

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Statistics: CNC

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Valuation Measures

Annual
As of 10/31/2024
  • Market Cap

    31.43B

  • Enterprise Value

    31.47B

  • Trailing P/E

    10.75

  • Forward P/E

    8.59

  • PEG Ratio (5yr expected)

    0.64

  • Price/Sales (ttm)

    0.21

  • Price/Book (mrq)

    1.15

  • Enterprise Value/Revenue

    0.19

  • Enterprise Value/EBITDA

    5.34

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    2.10%

  • Return on Assets (ttm)

    3.51%

  • Return on Equity (ttm)

    11.56%

  • Revenue (ttm)

    146.2B

  • Net Income Avi to Common (ttm)

    3.07B

  • Diluted EPS (ttm)

    5.79

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    17.57B

  • Total Debt/Equity (mrq)

    64.23%

  • Levered Free Cash Flow (ttm)

    1B

Research Analysis: CNC

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 37.33B
Earnings 713M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

66.00
83.14 Average
63.50 Current
95.00 High
 

Company Insights: CNC

Research Reports: CNC

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  • Recent weakness offers buying opportunity

    Centene is an international healthcare company. Based in St. Louis, Centene offers services to government-sponsored and commercial healthcare providers, with an emphasis on underinsured and uninsured individuals. It is the largest Medicaid managed care organization in the U.S. and a leading provider of insurance under the Affordable Care Act. Its Specialty Services segment provides a range of healthcare products and services to managed care members and other customers.

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  • U.S. stock indices are solidly higher at midday on Monday. Traders seem to be

    U.S. stock indices are solidly higher at midday on Monday. Traders seem to be in an upbeat mood ahead of major earnings and economic news this week. Also helping multiple market sectors is a significant drop in the price of oil, this as Israeli airstrikes against Iran over the weekend did not include energy-related targets.

     
  • Centene Earnings: Medicaid Rate Pressure Offset by Individual Plan Expansion in 2024 Outlook

    Centene is a managed care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of September, mostly in Medicaid (about 60% of membership), the individual exchanges (about 20%), and Medicare Advantage (about 5%). The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program and has a military contract.

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  • While the Election Looms, Near-Term Regulatory Risks Look Manageable for Managed-Care Organizations

    Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.

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    Price Target
     

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