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Centene (CNC)
NYSE:CNC
Centene (CNC) Stock Price & Analysis
2,059 Followers
CNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$60.83 - $81.42
Previous Close$66.24
Volume3.54M
Average Volume (3M)3.78M
Market Cap
$35.35B
Enterprise Value$33.64B
Total Cash (Recent Filing)$19.65B
Total Debt (Recent Filing)$17.83B
Price to Earnings (P/E)13.2
Beta0.56
Next Earnings
Jul 26, 2024EPS Estimate
$1.96Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.03
Shares Outstanding533,656,000
10 Day Avg. Volume3,732,231
30 Day Avg. Volume3,776,692
Standard Deviation0.08
R-Squared0.09
Alpha0.00103
Financial Highlights & Ratios
Price to Book (P/B)16.62
Price to Sales (P/S)0.92
Price to Cash Flow (P/CF)41.80
P/FCF Ratio51.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.22
Enterprise Value/Gross Profit1.94
Enterprise Value/Ebitda5.99
Forecast
1Y Price Target
$87.27Price Target Upside31.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Centene News
Bulls Say, Bears Say
Bulls Say
EarningsCNC can grow EPS around 11% from 2024 to 2027 on a probability-weighted basis.
Financial PerformanceTotal revenue of ~$40.4bn beat our and consensus estimates by +13% and +11%, respectively, reflecting membership growth in Marketplace.
Market PositionThe company continues to execute well in Marketplace, where revenue and HBR exceeded estimates.
Bears Say
EarningsLowering the 2024 EPS estimate to around 2% below guidance due to recent warnings.
Medicaid IssuesCNC shares have decreased 9% as concerns on Medicaid have intensified.
Profit MarginsThe company reported a higher Medicaid HBR and pointed to MA bid complexities.
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Ownership Overview
3.16% Insiders
36.53% Mutual Funds
25.24% Other Institutional Investors
35.06% 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 $60.83 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 Jul 26, 2024 which is in 4 days.
How were Centene’s earnings last quarter?
Centene released its earnings results on Apr 26, 2024. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.064 by $0.196.
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 $1.96.
How many shares outstanding does Centene have?
Centene has 533,656,000 shares outstanding.
What happened to Centene’s price movement after its last earnings report?
Centene reported an EPS of $2.26 in its last earnings report, beating expectations of $2.064. Following the earnings report the stock price went down -2.22%.
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 220M.
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Centene Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$87.27 (31.75% Upside)
$87.27 (31.75% Upside)
Blogger Sentiment
Bullish
CNC Sentiment 93%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 1.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $688.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 2.2%
Last 30 Days ▲ 2.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.28%
12-Months-Change
Fundamentals
Return on Equity
10.52%
Trailing 12-Months
Asset Growth
-0.43%
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
Q1 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
$87.27
▲(31.75% Upside)
Technical Analysis
Best Analysts Covering CNC
1 Year
1 Year Success Rate
33/52 ratings generated profit
1 Year Average Return
+17.08%
reiterated a buy rating last month
Copying Michael Wiederhorn's trades and holding each position for 1 Year would result in 63.46% of your transactions generating a profit, with an average return of +17.08% per trade.
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