Centene (NYSE:CNC – Get Rating) up to date its FY 2024 earnings steering on Tuesday. The corporate offered earnings per share (EPS) steering of $7.15- for the interval. The corporate issued income steering of -.
Analysts Set New Value Targets
A number of brokerages have not too long ago commented on CNC. Deutsche Financial institution Aktiengesellschaft decreased their value goal on shares of Centene from $99.00 to $94.00 in a report on Wednesday, October twenty sixth. Barclays minimize their value goal on shares of Centene from $107.00 to $100.00 and set an obese score on the inventory in a analysis observe on Monday, October third. Cowen minimize their value goal on Centene from $108.00 to $101.00 in a report on Thursday, September twenty second. Credit score Suisse Group lifted their value goal on Centene from $104.00 to $106.00 and gave the corporate an outperform score in a analysis observe on Monday, December nineteenth. Lastly, StockNews.com downgraded Centene from a strong-buy score to a purchase score in a report on Monday, December twenty sixth. One funding analyst has rated the inventory with a promote score, two have assigned a maintain score and twelve have given a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the corporate presently has a mean score of Average Purchase and a mean value goal of $101.56.
Centene Buying and selling Down 2.8 %
Centene stock traded down $2.27 throughout buying and selling on Tuesday, reaching $79.74. The corporate had a buying and selling quantity of 6,391,617 shares, in comparison with its common quantity of two,811,817. The corporate has a debt-to-equity ratio of 0.71, a fast ratio of 1.06 and a present ratio of 1.06. The agency has a market capitalization of $45.15 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.07 and a beta of 0.60. Centene has a 12-month low of $73.19 and a 12-month excessive of $98.53. The inventory’s 50 day shifting common value is $83.47 and its two-hundred day shifting common value is $85.28.
Centene (NYSE:CNC – Get Rating) final posted its quarterly earnings outcomes on Tuesday, October twenty fifth. The corporate reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. Centene had a web margin of 1.42% and a return on fairness of 13.08%. The agency had income of $35.84 billion for the quarter, in comparison with analyst estimates of $35.45 billion. Throughout the identical quarter final 12 months, the agency posted $1.26 earnings per share. Centene’s income for the quarter was up 10.6% in comparison with the identical quarter final 12 months. As a gaggle, equities analysts count on that Centene will publish 5.72 earnings per share for the present fiscal 12 months.
Centene introduced that its Board of Administrators has initiated a share repurchase program on Friday, December sixteenth that authorizes the corporate to repurchase $2.00 billion in shares. This repurchase authorization authorizes the corporate to purchase as much as 4.3% of its inventory by open market purchases. Inventory repurchase packages are sometimes a sign that the corporate’s administration believes its shares are undervalued.
Institutional Inflows and Outflows
A number of hedge funds have not too long ago added to or diminished their stakes within the inventory. Cibc World Market Inc. boosted its holdings in Centene by 1,401.4% within the first quarter. Cibc World Market Inc. now owns 46,333 shares of the corporate’s inventory value $3,901,000 after buying a further 43,247 shares through the interval. Vontobel Holding Ltd. elevated its holdings in shares of Centene by 7.2% within the first quarter. Vontobel Holding Ltd. now owns 9,734 shares of the corporate’s inventory valued at $841,000 after shopping for a further 657 shares within the final quarter. Blair William & Co. IL elevated its place in shares of Centene by 104.7% within the first quarter. Blair William & Co. IL now owns 43,760 shares of the corporate’s inventory value $3,684,000 after buying a further 22,382 shares within the final quarter. Brighton Jones LLC bought a brand new place in shares of Centene through the first quarter valued at $203,000. Lastly, Candriam Luxembourg S.C.A. elevated its place in Centene by 10.0% within the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,404 shares of the corporate’s inventory value $3,149,000 after buying a further 3,414 shares over the past quarter. 93.28% of the inventory is owned by institutional buyers and hedge funds.
Centene Firm Profile
Centene Company operates as a multi-national healthcare enterprise that gives packages and companies to under-insured and uninsured people in america. Its Managed Care phase presents well being plan protection to people by authorities sponsored packages, together with Medicaid, the State youngsters’s medical insurance program, long-term companies and assist, foster care, and medicare-medicaid plans, which cowl dually eligible people, in addition to aged, blind, or disabled packages.
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