Previous close | 76.19 |
Open | 76.06 |
Bid | 75.70 x 800 |
Ask | 79.40 x 900 |
Day's range | 74.86 - 76.32 |
52-week range | 60.83 - 81.42 |
Volume | |
Avg. volume | 3,036,732 |
Market cap | 40.482B |
Beta (5Y monthly) | 0.39 |
PE ratio (TTM) | 15.29 |
EPS (TTM) | 4.95 |
Earnings date | 26 Apr 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 90.00 |
Robust Marketplace Growth and Strategic Expansions Underpin Performance
Centene Corp raised its annual profit forecast and beat Wall Street estimates for first-quarter profit on Friday, helped by higher premiums from its commercial insurance business. An over 35% jump in memberships in commercial plans, private health insurance offerings for individuals and families, helped cushion the impact from a drop in Medicaid plan members. Health insurers, especially Centene, have seen a decline in Medicaid memberships intended for people with limited income after many who had signed up under COVID-related relief measures were deemed ineligible in April last year when the pandemic ended.
Centene Corporation (NYSE: CNC) ("the Company") announced today its financial results for the first quarter ended March 31, 2024. In summary, the 2024 first quarter results were as follows: