News coverage about Centene Corporation (NYSE:CNC) has trended positive on Wednesday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centene Corporation earned a coverage optimism score of 0.36 on Accern’s scale. Accern also gave news headlines about the company an impact score of 74 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Centene Corporation (CNC) stock stream of 0.27% – Stocks Gallery (stocksgallery.com)
- Centene CEO: Health-care subsidies in limbo (finance.yahoo.com)
- ETFs with exposure to Centene Corp. : August 8, 2017 (finance.yahoo.com)
- Centene Corporation (NYSE:CNC) Expected to Post Earnings of $1.25 Per Share (americanbankingnews.com)
- Zooming in on the Numbers for Centene Corporation (NYSE:CNC) – Jonesboro Recorder (jonesbororecorder.com)
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Centene Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub lowered shares of Centene Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and set a $98.00 target price on shares of Centene Corporation in a research note on Thursday, July 27th. Piper Jaffray Companies reissued a “buy” rating and set a $105.00 target price on shares of Centene Corporation in a research note on Thursday, July 27th. Finally, ValuEngine upgraded shares of Centene Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. Centene Corporation currently has an average rating of “Buy” and a consensus target price of $86.82.
Shares of Centene Corporation (CNC) opened at 82.72 on Wednesday. Centene Corporation has a one year low of $50.00 and a one year high of $87.94. The firm has a 50-day moving average of $81.87 and a 200-day moving average of $73.81. The company has a market capitalization of $14.27 billion, a P/E ratio of 18.15 and a beta of 0.66.
Centene Corporation (NYSE:CNC) last announced its earnings results on Tuesday, July 25th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.29. The company had revenue of $11.95 billion during the quarter, compared to analysts’ expectations of $11.69 billion. Centene Corporation had a net margin of 1.72% and a return on equity of 14.62%. Centene Corporation’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 earnings per share. Equities research analysts expect that Centene Corporation will post $4.92 EPS for the current fiscal year.
In related news, Director Robert K. Ditmore sold 3,900 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $75.43, for a total transaction of $294,177.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark J. Brooks sold 2,161 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $75.43, for a total transaction of $163,004.23. The disclosure for this sale can be found here. In the last three months, insiders sold 53,578 shares of company stock valued at $4,264,757. 3.00% of the stock is currently owned by company insiders.
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About Centene Corporation
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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