Centene Corporation (NYSE:CNC) will post its quarterly earnings results on Tuesday, July 25th. Analysts expect Centene Corporation to post earnings of $1.28 per share for the quarter. Centene Corporation has set its FY17 guidance at $4.50-4.90 EPS.
Centene Corporation (NYSE:CNC) last released its earnings results on Tuesday, April 25th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $11.44 billion. Centene Corporation had a return on equity of 14.19% and a net margin of 1.57%. Centene Corporation’s revenue was up 68.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. On average, analysts expect Centene Corporation to post $4.76 EPS for the current fiscal year and $5.33 EPS for the next fiscal year.
Centene Corporation (NYSE:CNC) opened at 83.69 on Tuesday. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 20.60 and a beta of 0.67. Centene Corporation has a 12-month low of $50.00 and a 12-month high of $85.79. The company’s 50-day moving average price is $77.26 and its 200-day moving average price is $69.76.
In related news, SVP Mark J. Brooks sold 2,161 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $75.43, for a total transaction of $163,004.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Ditmore sold 4,167 shares of the stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $72.43, for a total value of $301,815.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,728 shares of company stock valued at $4,506,020. 3.00% of the stock is owned by corporate insiders.
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Several equities analysts have recently issued reports on CNC shares. Citigroup Inc. lowered Centene Corporation from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research note on Thursday, March 23rd. Deutsche Bank AG started coverage on Centene Corporation in a research note on Wednesday, April 5th. They set a “buy” rating and a $84.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $79.00 price target on shares of Centene Corporation in a research note on Wednesday, April 19th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $88.00 price target (up previously from $85.00) on shares of Centene Corporation in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus upped their price target on Centene Corporation from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.74.
About Centene Corporation
Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.
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