Centene (CNC) Earnings Date and Reports 2024 (2024)

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Centene (CNC) Earnings Date and Reports 2024? ›

CNC Earnings Date

Is CNC stock undervalued or overvalued? Compared to the current market price of 66.39 USD, Centene Corp is Undervalued by 60%.

The average price target for Centene is $89.70. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $110.00 ,the lowest forecast is $76.00. The average price target represents 30.13% Increase from the current price of $68.93.

Centene's fiscal year is the calendar year.

As of today (2024-06-08), Centene's share price is $69.81. Centene's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $6.81. Therefore, Centene's PE Ratio without NRI for today is 10.25.

The deal to sell Circle Health was inked in August 2023 and was expected to close in the first quarter of 2024, thereby meeting the targeted timeline. The recent announcement is a longstanding endeavor of Centene to intensify focus on expanding its core Managed Care business.

Last year, Centene's revenues totaled $126 billion, $43 billion more than Humana. More than 26.6 million people were enrolled in Centene operated-health plans at the end of last year. 9.5 million more than Humana's 17.1 million. It made $1.8 billion in profits last year.

Canada Nickel Company has 219.86% upside potential, based on the analysts' average price target. Canada Nickel Company has a consensus rating of Moderate Buy which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.

Centene Stock Prediction 2025

The Centene stock prediction for 2025 is currently $ 83.46, assuming that Centene shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 19.56% increase in the CNC stock price.

According to the latest TipRanks data, approximately 49.38% of the company's stock is held by institutional investors, 3.18% is held by insiders, and 10.84% is held by retail investors. Vanguard owns the most shares of Centene (CNC).

Is Centene in financial trouble? ›

While it does have liabilities worth noting, Centene also has more cash than debt, so we're pretty confident it can manage its debt safely. Fortunately, Centene grew its EBIT by 9.3% in the last year, making that debt load look even more manageable. There's no doubt that we learn most about debt from the balance sheet.

Information as of December 31, 2023. Workforce data includes all full-time and part-time U.S. employees of Centene's integrated companies. Our total Full-Time Equivalent (FTE) count (including international and U.S. non-integrated companies) is approximately 67,700.

With those two breadcrumbs, we see that Buffett has historically paid PE ratios of somewhere 11-15 times, which translates Ricky into earnings yields, earnings yields are just the inverse of the PE ratio of roughly 7-9 percent. These are low below market average valuations, that's the big takeaway so far, Ricky.

Centene annual gross profit for 2023 was $17.315B, a 3.96% increase from 2022. Centene annual gross profit for 2022 was $16.656B, a 17.3% increase from 2021. Centene annual gross profit for 2021 was $14.199B, a 6.68% decline from 2020.

As of 2024-06-14, the Intrinsic Value of Centene Corp (CNC) is 128.12 USD. This Centene valuation is based on the model Peter Lynch Fair Value. With the current market price of 68.98 USD, the upside of Centene Corp is 85.7%.

Centene Corporation is boosting its guidance for the year following a quarter where it beat the Street in both profit and revenue. The company posted $1.16 billion in profit and $40.4 billion in total revenue for the first quarter of 2024.