Centene (NYSE:CNC) Issues 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 -.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Argus cut shares of Centene from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Robert W. Baird lifted their price target on Centene from $66.00 to $71.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. restated an “overweight” rating and set a $75.00 price objective (down from $80.00) on shares of Centene in a research report on Tuesday, December 17th. Barclays lifted their target price on Centene from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Centene in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.92.

Centene Trading Down 0.8 %

Shares of NYSE:CNC opened at $58.88 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $29.21 billion, a PE ratio of 9.44, a P/E/G ratio of 0.80 and a beta of 0.40. Centene has a 12-month low of $55.03 and a 12-month high of $80.59. The business’s fifty day simple moving average is $60.09 and its 200-day simple moving average is $62.90.

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

Centene Company Profile

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.