Centene (NYSE:CNC) Updates FY 2025 Earnings Guidance

Centene (NYSE:CNC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.250- for the period, compared to the consensus estimate of 7.950. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

CNC has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on Centene from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Oppenheimer lowered their target price on shares of Centene from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, December 13th. UBS Group raised Centene from a “neutral” rating to a “buy” rating and increased their target price for the company from $79.00 to $80.00 in a report on Friday, December 13th. Barclays boosted their price target on shares of Centene from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, StockNews.com lowered Centene from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.92.

Centene Trading Up 2.8 %

Shares of CNC stock opened at $60.58 on Thursday. The stock has a market capitalization of $30.05 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 0.80 and a beta of 0.40. Centene has a fifty-two week low of $55.03 and a fifty-two week high of $80.59. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.10 and a current ratio of 1.11. The company has a 50 day moving average price of $60.04 and a 200 day moving average price of $62.88.

Centene (NYSE:CNC) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.31. Centene had a return on equity of 13.85% and a net margin of 2.03%. The business had revenue of $40.81 billion for the quarter, compared to analyst estimates of $38.78 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Equities research analysts predict that Centene will post 6.86 EPS for the current fiscal year.

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.