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Centene (CNC)
NYSE:CNC
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CNC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$59.77 - $81.42
Previous Close$60.15
Volume6.33M
Average Volume (3M)4.94M
Market Cap
$31.56B
Enterprise Value$31.70B
Total Cash (Recent Filing)$17.57B
Total Debt (Recent Filing)$17.61B
Price to Earnings (P/E)10.4
Beta0.21
Next Earnings
Feb 11, 2025EPS Estimate
$0.47Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)5.77
Shares Outstanding504,865,000
10 Day Avg. Volume6,908,027
30 Day Avg. Volume4,941,907
Standard Deviation0.08
R-Squared0.10
Alpha-0.00006
Financial Highlights & Ratios
Price to Book (P/B)1.11
Price to Sales (P/S)0.20
Price to Cash Flow (P/CF)-8.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.20
Enterprise Value/Gross Profit1.83
Enterprise Value/Ebitda5.63
Forecast
1Y Price Target
$82.30Price Target Upside36.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Centene News
PremiumThe Fly
Centene rises 12.7%Bulls Say, Bears Say
Bulls Say
EarningsCNC reported Q3 results that beat on EPS by 15% and reaffirmed its FY24 guide of at least $6.80.
Financial PerformanceAdjusted EPS of $1.62 beat consensus of $1.41, indicating better-than-expected performance.
Growth OpportunitiesThere are strong EPS growth opportunities for 2026 & 2027, with a 45% upside expected over 12 months.
Bears Say
Earnings And Financial PerformanceLowering the 2024E EPS estimates to $4.99 to account for base case expectation of incremental MLR pressure indicates potential financial challenges.
Membership And Market PositionTotal Medicaid membership declined 18.0% y/y to 13.1mm, totaling net loss of ~3mm of members since redetermination began last spring.
Stock PerformanceCNC's stock price down approximately 17% over the past month signals concerns over incremental cost trends.
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Ownership Overview
0.56% Insiders
34.87% Mutual Funds
5.72% Other Institutional Investors
34.77% 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 $59.77 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 Feb 11, 2025 which is in 93 days.
How were Centene’s earnings last quarter?
Centene released its earnings results on Oct 25, 2024. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.355 by $0.265.
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 $0.47.
How many shares outstanding does Centene have?
Centene has 504,865,000 shares outstanding.
What happened to Centene’s price movement after its last earnings report?
Centene reported an EPS of $1.62 in its last earnings report, beating expectations of $1.355. Following the earnings report the stock price went up 4.219%.
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:
$82.30 (36.82% Upside)
$82.30 (36.82% Upside)
Blogger Sentiment
Bullish
CNC Sentiment 92%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 1.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $250.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.7%
Last 30 Days ▲ 20.1%
Last 30 Days ▲ 20.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.45%
12-Months-Change
Fundamentals
Return on Equity
11.66%
Trailing 12-Months
Asset Growth
-2.41%
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
Q3 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
$82.30
▲(36.82% Upside)
Technical Analysis
Best Analysts Covering CNC
1 Year
1 Year Success Rate
32/52 ratings generated profit
1 Year Average Return
+15.22%
reiterated a buy rating 13 days ago
Copying Michael Wiederhorn's trades and holding each position for 1 Year would result in 61.54% of your transactions generating a profit, with an average return of +15.22% per trade.
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