Centene (NYSE:CNC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $5.47-5.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.49. The company issued revenue guidance of $60-60.8 billion, compared to the consensus revenue estimate of $51.91 billion.Centene also updated its FY17 guidance to $4.86-5.04 EPS.
Centene (NYSE:CNC) traded up $0.33 on Thursday, hitting $101.19. The stock had a trading volume of 1,989,800 shares, compared to its average volume of 1,676,377. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.71. Centene has a 52-week low of $54.40 and a 52-week high of $103.15. The stock has a market capitalization of $17,470.00, a PE ratio of 19.21, a PEG ratio of 1.54 and a beta of 0.71.
Centene (NYSE:CNC) last posted its earnings results on Tuesday, October 24th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.11. Centene had a return on equity of 14.79% and a net margin of 1.81%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. analysts forecast that Centene will post 4.98 earnings per share for the current fiscal year.
In other Centene news, Director Robert K. Ditmore sold 4,167 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $90.42, for a total value of $376,780.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.
WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.com-unik.info/2017/12/14/centene-cnc-issues-fy18-earnings-guidance.html.
Centene Company Profile
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.
What are top analysts saying about Centene? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Centene and related companies.