Key Details
Price
$61.21Annual Revenue
$154.00 BAnnual EPS
$4.95Annual ROE
10.77%Beta
0.28Events Calendar
Next earnings date:
Feb 06, 2025Recent quarterly earnings:
Oct 25, 2024Recent annual earnings:
Feb 06, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
Feb 07, 2019Analyst ratings
Recent major analysts updates
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Centene announced impressive results for the third quarter of 2024, surpassing revenue forecasts by $4.13 billion and reporting earnings per share of $1.62, thanks to increases in Medicaid rates and a rise in membership. Notable achievements for the quarter include successful Medicaid reprocurements, better Medicare Advantage star ratings for 2025, and progress in using AI to enhance operations, setting Centene up for future growth. Although there are some challenges, Centene maintains an investment-grade rating and favorable debt maturities, indicating financial stability and a positive outlook for earnings and Medicare revenue.
Health Net is helping its members during the state of emergency in Sacramento, California. This announcement was made on December 18, 2024, following the governor's actions.
The funding will support the mental health needs of children and young people in the area. On December 16, 2024, Superior HealthPlan, a major managed care organization in Texas and part of Centene Corporation, announced that NAMI El Paso has received a $25,000 grant to celebrate Superior's 25th anniversary.
CNC anticipates strong growth in its Medicaid, Marketplace, and Medicare sectors. This growth is expected to be fueled by higher rates, an increase in uninsured people, and expansions for dual-eligible individuals.
On Thursday, U.S. health insurer Centene predicted a profit for 2025 that is higher than expected. The company is confident that its strong commercial plans will help offset the increased costs in its government-supported health plans.
Centene Corporation has announced that it expects its adjusted diluted earnings per share (EPS) for 2025 to be over $7.25. The company also confirmed its guidance for 2024, predicting an adjusted diluted EPS of more than $6.80. On December 12, 2024, in St. Louis, Centene will hold an investor day to discuss its financial plans for 2025.
On Thursday, Centene Corporation CNC shared its financial expectations for 2025.
The murder of UnitedHealthcare CEO Brian Thompson led Centene, a large Medicaid insurer, to organize a virtual investor day rather than an in-person one at the New York Stock Exchange. Additionally, other significant health companies, like United Health Group, which owns UnitedHealthcare, took down pictures of their executives and board members from their websites.
ST. LOUIS, Dec. 5, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a major healthcare company focused on improving people's health, has announced that its Investor Day will now take place online due to the sad passing of UnitedHealthcare's CEO Brian Thompson. The event will be streamed on the originally planned date and time, which is Thursday, December 12, 2024, starting at 8:30 a.m.
Dublin, November 25, 2024 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com has included the company profile "Enterprise Tech Ecosystem Series: Centene Corporation - 2024" in its collection.
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