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Centene (CNC)
NYSE:CNC
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CNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$63.45 - $81.42
Previous Close$75.63
Volume1.17M
Average Volume (3M)3.98M
Market Cap
$39.74B
Enterprise Value$37.30B
Total Cash (Recent Filing)$20.21B
Total Debt (Recent Filing)$17.63B
Price to Earnings (P/E)14.3
Beta0.50
Next Earnings
Oct 25, 2024EPS Estimate
$1.47Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.27
Shares Outstanding526,030,000
10 Day Avg. Volume4,519,260
30 Day Avg. Volume3,982,174
Standard Deviation0.08
R-Squared0.09
Alpha0.00607
Financial Highlights & Ratios
Price to Book (P/B)1.45
Price to Sales (P/S)0.25
Price to Cash Flow (P/CF)4.60
P/FCF Ratio5.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.24
Enterprise Value/Gross Profit2.15
Enterprise Value/Ebitda6.58
Forecast
1Y Price Target
$86.69Price Target Upside14.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Centene News
Bulls Say, Bears Say
Bulls Say
Earnings GrowthCNC expects to grow EPS supported by MLR improvement in Medicaid as rates improve, return to Medicaid enrollment growth, and growth in ACA marketplace.
Financial PerformanceCNC now expects $600m of net outperformance vs prior guidance.
Revenue GrowthContinued growth in the HIX market and PDP revenue growth are expected for 2025.
Bears Say
EPS GuidanceCore full-year guidance of greater than $5.85 is approximately 7% below comparable WFS estimate of $6.30 and approximately 14% below previous comparable guidance.
Medicaid MembershipMedicaid membership dropped faster than expected as states got more aggressive about procedural disenrollments.
Medicaid PressureCNC continues to experience pressure from redeterminations, rejoiner utilization patterns, and certain state program changes that are more than offsetting rate tailwinds.
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Ownership Overview
3.20% Insiders
37.63% Mutual Funds
53.59% Other Institutional Investors
5.58% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CNC FAQ
What was Centene’s price range in the past 12 months?
Centene lowest stock price was $63.45 and its highest was $81.42 in the past 12 months.
What is Centene’s market cap?
Currently, no data Available
When is Centene’s upcoming earnings report date?
Centene’s upcoming earnings report date is Oct 25, 2024 which is in 35 days.
How were Centene’s earnings last quarter?
Centene released its earnings results on Jul 26, 2024. The company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.117 by $0.303.
Is Centene overvalued?
According to Wall Street analysts Centene’s price is currently Undervalued.
Does Centene pay dividends?
Centene does not currently pay dividends.
What is Centene’s EPS estimate?
Centene’s EPS estimate is $1.47.
How many shares outstanding does Centene have?
Centene has 526,030,000 shares outstanding.
What happened to Centene’s price movement after its last earnings report?
Centene reported an EPS of $2.42 in its last earnings report, beating expectations of $2.117. Following the earnings report the stock price went up 8.457%.
Which hedge fund is a major shareholder of Centene?
Among the largest hedge funds holding Centene’s share is Hotchkis & Wiley Capital Management LLC. It holds Centene’s shares valued at 184M.
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Centene Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$86.69 (14.75% Upside)
$86.69 (14.75% Upside)
Blogger Sentiment
Bullish
CNC Sentiment 86%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 1.3M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.2%
Last 30 Days ▲ 5.7%
Last 30 Days ▲ 5.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
11.46%
12-Months-Change
Fundamentals
Return on Equity
10.65%
Trailing 12-Months
Asset Growth
0.34%
Trailing 12-Months
Company Description
Centene
Centene Corporation is a diversified healthcare company that primarily engages in providing programs and services to the government sponsored healthcare programs. The company is also engaged in providing education and outreach programs to assist members in accessing quality and appropriate healthcare services.
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CNC Earnings Call
Q2 2024
0:00 / 0:00
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CNC Revenue Breakdown
88.08% Premium
9.03% Premium tax
2.90% Service
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CNC Stock 12 Month Forecast
Average Price Target
$86.69
▲(14.75% Upside)
Technical Analysis
Best Analysts Covering CNC
1 Year
1 Year Success Rate
39/52 ratings generated profit
1 Year Average Return
+18.39%
reiterated a buy rating 16 days ago
Copying Michael Wiederhorn's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +18.39% per trade.
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