Centene (CNC) Set to Announce Quarterly Earnings on Friday

Centene (NYSE:CNC) will issue its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Centene (NYSE:CNC) last announced its quarterly earnings results on Friday, July 26th. The company reported $2.42 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.02). Centene had a net margin of 1.79% and a return on equity of 14.45%. The business had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $36.83 billion. During the same quarter last year, the firm posted $2.10 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts expect Centene to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Centene Stock Down 2.0 %

Centene stock opened at $59.82 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average price is $73.50 and its two-hundred day moving average price is $72.45. The firm has a market capitalization of $31.92 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.48. Centene has a 1-year low of $59.77 and a 1-year high of $81.42.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their price target on Centene from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. cut their target price on Centene from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price target on Centene from $82.00 to $87.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Jefferies Financial Group lowered Centene from a “buy” rating to a “hold” rating and decreased their target price for the company from $83.00 to $69.00 in a research report on Wednesday, July 24th. Finally, Stephens restated an “equal weight” rating and set a $78.00 price target on shares of Centene in a research report on Monday, August 5th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.58.

About Centene

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support.