Centene Corporation (NYSE:CNC) – Investment analysts at Jefferies Group cut their Q4 2017 EPS estimates for shares of Centene Corporation in a research report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst D. Windley now anticipates that the company will earn $0.94 per share for the quarter, down from their prior estimate of $0.95. Jefferies Group currently has a “Buy” rating and a $112.00 price target on the stock. Jefferies Group also issued estimates for Centene Corporation’s Q1 2018 earnings at $1.27 EPS, Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.22 EPS and FY2019 earnings at $6.07 EPS.
CNC has been the topic of several other research reports. Cantor Fitzgerald boosted their target price on shares of Centene Corporation to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, September 13th. Credit Suisse Group began coverage on shares of Centene Corporation in a report on Thursday, November 2nd. They issued a “neutral” rating and a $102.00 target price on the stock. ValuEngine upgraded shares of Centene Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Centene Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, BMO Capital Markets began coverage on shares of Centene Corporation in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the stock. Centene Corporation currently has a consensus rating of “Buy” and an average price target of $97.53.
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Centene Corporation (CNC) opened at $93.68 on Thursday. Centene Corporation has a 1-year low of $50.33 and a 1-year high of $98.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71. The firm has a market cap of $16,165.98, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.
Centene Corporation (NYSE:CNC) last announced its earnings results on Tuesday, October 24th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. Centene Corporation had a net margin of 1.81% and a return on equity of 14.79%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year.
In related news, Director Robert K. Ditmore sold 4,167 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $90.42, for a total transaction of $376,780.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CNC. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Centene Corporation during the 2nd quarter worth about $101,000. Seven Bridges Advisors LLC acquired a new position in Centene Corporation in the 2nd quarter valued at about $123,000. IFP Advisors Inc grew its position in Centene Corporation by 9.6% in the 2nd quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock valued at $155,000 after acquiring an additional 170 shares in the last quarter. Baldwin Brothers Inc. MA acquired a new position in Centene Corporation in the 3rd quarter valued at about $185,000. Finally, MV Capital Management Inc. acquired a new position in Centene Corporation in the 2nd quarter valued at about $186,000. 92.88% of the stock is owned by hedge funds and other institutional investors.
Centene Corporation Company Profile
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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