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 -.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com downgraded Centene from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Robert W. Baird upped their target price on shares of Centene from $66.00 to $71.00 in a report on Tuesday, February 4th. Oppenheimer reduced their price target on shares of Centene from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, December 13th. Stephens dropped their price objective on Centene from $75.00 to $73.00 and set an “equal weight” rating on the stock in a report on Friday, December 13th. Finally, Truist Financial decreased their target price on Centene from $89.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.92.

Centene Stock Performance

Shares of CNC opened at $58.88 on Wednesday. Centene has a 1 year low of $55.03 and a 1 year high of $80.59. The stock has a market capitalization of $29.21 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.80 and a beta of 0.40. 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’s fifty day moving average is $60.09 and its two-hundred day moving average is $62.90.

Centene (NYSE:CNC) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.31. The firm had revenue of $40.81 billion during the quarter, compared to the consensus estimate of $38.78 billion. Centene had a net margin of 2.03% and a return on equity of 13.85%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. On average, sell-side analysts predict that Centene will post 6.86 earnings per share for the current 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.