Last $111.27 USD
Change Today -0.53 / -0.47%
Volume 245.4K
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As of 8:04 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

centene corp (CNC) Snapshot

Open
$111.38
Previous Close
$111.80
Day High
$111.98
Day Low
$110.30
52 Week High
01/23/15 - $112.80
52 Week Low
04/17/14 - $55.11
Market Cap
6.5B
Average Volume 10 Days
466.2K
EPS TTM
$3.67
Shares Outstanding
58.7M
EX-Date
--
P/E TM
30.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for CENTENE CORP (CNC)

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centene corp (CNC) Details

Centene Corporation provides multi-line healthcare programs and services in the United States. It operates in two segments, Managed Care and Specialty Services. The Managed Care segment offers Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State children’s health insurance program, long-term care, foster care, and Medicare special needs plans, as well as aged, blind, or disabled programs. The Specialty Services segment provides behavioral healthcare programs; healthcare services to individuals; in-home health services for high acuity populations; health insurance to individual customers and their families; life and health management programs; vision network services; telehealth services; and pharmacy benefits management services. This segment also offers pharmacy services for complex diseases, including hepatitis c, hemophilia, multiple sclerosis, rheumatoid arthritis, and oncology; and care management software that automate the clinical, administrative, and technical components of care management programs. This segment provides its services and products to state programs, healthcare organizations, employer groups, and other commercial organizations. Its health plans offer primary and specialty physician care, inpatient and outpatient hospital care, transportation assistance, emergency and urgent care, vision care, prenatal care, dental care, laboratory and x-ray services, immunizations, prescriptions and limited over-the-counter drugs, home health and durable medical equipment, behavioral health and substance abuse services, therapies, social work services, care coordination, and 24-hour nurse advice line. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

8,800 Employees
Last Reported Date: 02/21/14
Founded in 1984

centene corp (CNC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $4.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.6M
Chief Business Development Officer and Execut...
Total Annual Compensation: $1.2M
Chief Administration Officer and Executive Vi...
Total Annual Compensation: $1.0M
Executive Vice President of Insurance Group B...
Total Annual Compensation: $875.0K
Compensation as of Fiscal Year 2013.

centene corp (CNC) Key Developments

A Former Executive Files a Lawsuit against Centene Corp

A former executive who filed a lawsuit against Centene Corp. alleging that she was improperly fired says a counter-claim that says she is trying to extort $3 million is a 'not so thinly-veiled campaign of retaliation.' Former Sunflower State Health Plan Inc. Vice President Jacqueline Leary in October filed the suit, which says she was fired after protesting potentially improper cost-cutting moves for Kansas' Medicaid program. Leary's suit says she questioned a directive not to assign Medicaid participants to some physicians based on whether their institutions had contracts with Centene, a move aimed at lowering costs but a possible violation of its contracts with the state and with individual providers. Centene has said Leary didn't complain about the practice until she received a poor job performance evaluation.

Centene Corporation Provides Earnings Guidance for the Years 2014 and 2015

Centene Corporation provided earnings guidance for the years 2014 and 2015. The company announced that premium service revenue jump 48% to $15.3 million to $15.8 million in that range, guidance that the company gave on. The company saw the EPS up 54% compared to the previous year in the range of $4.35 to $4.50. For the year 2015, the company expects premium and service revenues of $20.3 billion to $20.8 billion. The company is going to see diluted EPS of $5.05 to $5.35.

Centene Corporation Announces Offering of 4.75% Senior Due 2022 Notes

Centene Corporation announced that it has commenced an offering of approximately $200 million aggregate principal amount of 4.75% Senior (the "Senior ") due 2022 through led by Citigroup, Barclays, SunTrust Robinson Humphrey, and Wells Fargo Securities. Allen & Company LLC, Morgan Stanley and Regions Securities LLC will be the co-managers of the offering. The Senior are expected to be an additional issuance of, be fully fungible with, rank equally with, have the same CUSIP number as, and form a single series with Centene's $300 million 4.75% Senior due 2022 issued on April 29, 2014. The offering is being conducted pursuant to a registration statement filed with the Securities and Exchange Commission (the "SEC"). Centene intends to use the net proceeds of the offering to repay amounts outstanding under its Revolving Credit Facility and to pay related fees and expenses. The remainder of the proceeds will be used for general corporate purposes, primarily including the of statutory capital.

 

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Industry Analysis

CNC

Industry Average

Valuation CNC Industry Range
Price/Earnings 31.5x
Price/Sales 0.5x
Price/Book 4.0x
Price/Cash Flow 30.1x
TEV/Sales 0.3x
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