Last $62.14 USD
Change Today +0.68 / 1.11%
Volume 752.8K
CNC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

centene corp (CNC) Snapshot

Open
$61.41
Previous Close
$61.46
Day High
$62.19
Day Low
$61.03
52 Week High
02/24/15 - $62.27
52 Week Low
04/17/14 - $27.56
Market Cap
7.4B
Average Volume 10 Days
977.6K
EPS TTM
$2.28
Shares Outstanding
118.8M
EX-Date
--
P/E TM
27.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for CENTENE CORP (CNC)

centene corp (CNC) Related Businessweek News

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centene corp (CNC) Details

Centene Corporation operates as a diversified, multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals 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 dual-eligible individuals, as well as aged, blind, or disabled programs. The Specialty Services segment provides behavioral healthcare programs; healthcare services to individuals; dental services; in-home health services; life and health management programs; vision network services; pharmacy benefits management services; and telehealth services. This segment also offers pharmacy services for complex diseases, including cystic fibrosis, hemophilia, hepatitis C, infertility, multiple sclerosis, oncology, and rheumatoid arthritis; 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, emergency and urgent care, behavioral health and substance abuse services, 24-hour nurse advice line, transportation assistance, immunizations, prenatal care, laboratory and x-ray services, prescriptions and limited over-the-counter drugs, therapies, social work services, and care coordination. 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.

13,400 Employees
Last Reported Date: 02/23/15
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

Centene Corporation Announces Amendment to its By-Laws

On February 2, 2015 the Board of Directors of Centene Corporation adopted an amendment to the company's By-Laws to specify that the sole and exclusive forum for certain actions involving the company shall be the Court of Chancery of the State of Delaware (or certain other courts if such court lacks jurisdiction), unless the company consents in writing to the selection of an alternative forum. Shareholders are deemed to have given consent to personal jurisdiction for such actions in such forum.

Centene Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Centene Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of USD 4,725 million compared to USD 2,932 million a year ago. Earnings from operations were USD 194 million compared to USD 85 million a year ago. Earnings from continuing operations, before income tax expense was USD 194 million compared to USD 84 million a year ago. Net earnings were USD 105 million compared to USD 55 million a year ago. Net earnings attributable to the company were USD 107 million compared to USD 53 million a year ago. Diluted earnings per share from continuing operations were USD 1.74 compared to USD 0.84 a year ago. Diluted earnings per common share were USD 1.76 compared to USD 0.93 a year ago. For the full year, the company reported total revenues of USD 16,560 million compared to USD 10,863 million a year ago. Earnings from operations were USD 464 million compared to USD 277 million a year ago. Earnings from continuing operations, before income tax expense was USD 457 million compared to USD 269 million a year ago. Net earnings were USD 264 million compared to USD 166 million a year ago. Net earnings attributable to the company were USD 271 million compared to USD 165 million a year ago. Diluted earnings per share from continuing operations were USD 4.45 compared to USD 2.87 a year ago. Diluted earnings per common share were USD 4.50 compared to USD 2.94 a year ago. Net cash provided by operating activities were USD 1,223 million compared to USD 382 million a year ago. Capital expenditures were USD 103 million compared to USD 68 million a year ago. Purchases of investments were USD 1,015 million compared to USD 790 million a year ago. The company provided earnings guidance for the full year of 2015. For the year, the company expects premium and service revenues in the range of USD 20,300 million to USD 20,800 million, Diluted EPS to be in the range of USD 5.05 to USD 5.35. The company also expects effective tax rate to be in the range of 48.0% to 50.0%.

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.

 

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CNC

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Valuation CNC Industry Range
Price/Earnings 27.6x
Price/Sales 0.5x
Price/Book 4.2x
Price/Cash Flow 26.9x
TEV/Sales 0.3x
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