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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Centene

Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Managed Care and Specialty Services. The Medicaid Managed Care segment provides health plan coverage to individuals through government subsidized programs through Medicaid. The Specialty Services segment offers healthcare services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company was founded in 1984 and is headquartered in St. Louis, MO.

Earnings data Q1 2021

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Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Centene exceeds earnings guidance, eyes growth in Marketplace products

Centene's Q4 2022 earnings call highlighted robust financial performance, successful execution of value-creation plans, and a focus on operational efficiency. While challenges in Medicare Advantage margins are anticipated, opportunities in the Marketplace business and cost-cutting initiatives offer avenues for growth. Strategic initiatives to address demographic shifts and enhance care relationships position Centene for future success.

Centene reports strong Q1 earnings, focuses on growth opportunities

Centene's Q1 performance reflects strength in financial results and a strategic outlook for future growth.
Despite challenges in Medicare profitability and Medicaid redeterminations, Centene remains focused on maximizing membership and maintaining high margins.
Opportunities in enhancing relationships, investing in infrastructure, and updating margin assumptions position Centene for long-term success.

Centene reports strong Q2 earnings, raises 2023 outlook amidst challenges

Centene's Q2 earnings call showcased robust financial performance, operational efficiencies, and strategic wins in Medicaid and Marketplace segments. While facing challenges in cost trends and Star ratings strategy, the company is well-positioned for growth through revenue expansion and value-creation initiatives. Opportunities for engagement with key stakeholders and successful outreach efforts present avenues for continued success.

Centene exceeds Q3 earnings expectations, eyes growth opportunities in 2024

Centene's Q3 2023 earnings call highlighted strong financial performance, progress in Medicaid redeterminations, and operational advancements. The company anticipates continued growth in adjusted EPS for 2023 and 2024, with a focus on margin expansion and operational efficiencies. Challenges include managing membership declines and addressing questions on business plans and cost implications.

Centene exceeds 2023 expectations, poised for growth in 2024

Centene's 2023 performance was strong, exceeding expectations and positioning the company for continued growth. Key initiatives in Medicaid, Medicare Advantage, and Marketplace are driving revenue growth and operational efficiency. Challenges in managing utilization trends and achieving target margins require ongoing attention.

Centene surpasses Q1 earnings expectations, eyes growth in Medicaid and Marketplace

Centene's Q1 performance exceeded expectations, showcasing strength in Medicaid and Marketplace segments.
While facing challenges in contract protests and operational clarity, the company's strategic focus on Medicare Advantage and growth opportunities remain key strengths.
With a robust financial outlook and ongoing initiatives for optimization, Centene is well-positioned for continued success in the healthcare market.
Investors can be optimistic about Centene's growth trajectory, supported by strong operational performance and strategic initiatives.

Centene reports robust Q2 earnings, eyes Medicaid rebound and Medicare growth

Centene's Q2 2024 earnings call highlighted strong performance, Medicaid challenges, and growth opportunities in Medicaid and Medicare markets. Leadership transitions and focus on program innovation are key areas of development for the company.

Centene surpasses Q3 earnings expectations, eyes growth amid challenges

Centene's Q3 performance exceeded expectations, driven by improvements in Medicaid and strong Medicare and Marketplace segments.
Despite challenges in Medicaid and competitive pressures, Centene remains confident in its future growth and operational enhancements.
The company's strategic focus on AI, margin expansion, and quality improvement positions it well for continued success and profitability.
Analyst inquiries and company responses highlighted key areas of focus and potential areas for improvement and growth.

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Centene Corp. is a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment includes the Temporary Assistance for Needy Families program, Medicaid Expansion programs, the Aged, Blind or Disabled program, the Children's Health Insurance Program, Long-Term Services and Supports, Foster Care, Medicare-Medicaid Plans, which cover beneficiaries who are dually eligible for Medicaid and Medicare, and other state-based programs. The Medicare segment consists of Medicare Advantage, Medicare Supplement, Dual Eligible Special Needs Plans, and Medicare Prescription Drug Plans. The Commercial segment is involved in the Health Insurance Marketplace product along with individual, small group, and large group commercial health insurance products. The Other segment refers to pharmacy operations, Envolve Benefit Options’ vision and dental services, clinical healthcare, behavioral health, international operations, and corporate management companies. The company was founded in 1984 and is headquartered in St. Louis, MO.

Centene, a leading health insurer, shows strong fundamentals and growth despite sector challenges, making it a "Buy" at a target price of $70/share. The company's 2Q24 results indicate robust earnings growth and increasing membership, contrasting with peers like Humana, which face significant declines. Centene's valuation at $61/share with a P/E of 9x is attractive, projecting a potential 27.17% annualized upside until 2026.

Centene: Should Have Followed My Original Thesis, But A Buy For Q3 2024

Get a deeper insight into the potential performance of Centene (CNC) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unveiling Centene (CNC) Q3 Outlook: Wall Street Estimates for Key Metrics

Centene (CNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Centene (CNC) Q3 Earnings Expected to Decline

Health Net is one of only three plans in California to ever earn this Accreditation SACRAMENTO, Calif. , Oct. 17, 2024 /PRNewswire/ -- Health Net, one of California's most experienced Medi-Cal managed care health plans and a company of Centene Corporation (NYSE: CNC), announced today that it is the only health plan in the nation to earn the Health Equity Accreditation Plus (HEA+) certification awarded by the National Committee for Quality Assurance (NCQA) across all lines of business.

Health Net Only Health Plan in United States to Receive "Health Equity Accreditation Plus" Across All Lines of Business for 2024

CNC's Meridian subsidiary secures a contract to provide integrated Medicare and Medicaid services in Michigan through a new HIDE SNP program, which is expected to boost its member base and statewide presence.

Centene's Meridian Unit Wins Michigan Contract for HIDE SNP Plan

OKLAHOMA CITY , Oct. 15, 2024 /PRNewswire/ -- Oklahoma Complete Health, a care management organization serving the needs of Oklahomans with a range of health insurance solutions, a subsidiary of Centene Corporation (NYSE: CNC), today announced a $75,000 investment in the recruitment, training, and retention of foster and adoptive families. This funding allows the Foster Care Association of Oklahoma (FCAO) to continue to grow the Foster Parent Mentoring Program.

OKLAHOMA COMPLETE HEALTH DONATES $75,000 TO THE FOSTER CARE ASSOCIATION OF OKLAHOMA TO SUPPORT FOSTER FAMILIES

Donation will aid community-based organizations in regions heavily impacted by Hurricanes Helene and Milton ATLANTA , Oct. 15, 2024 /PRNewswire/ -- Peach State Health Plan, a care management organization serving Georgians through diverse health insurance solutions and Centene Foundation, the philanthropic arm of Centene Corporation (NYSE: CNC), today announced $100,000 in donations to support hurricane relief efforts in Georgia following Hurricanes Helene and Milton. The contributions will be disbursed to the Georgia Primary Care Association, the National Council on Independent Living, United Way of Southwest Georgia, United Way of Toombs, Montgomery and Wheeler Counties, Second Harvest of South Georgia, Southern Healthcare Collaboration Inc. and several faith-based organizations across Georgia.

Peach State Health Plan and Centene Foundation Announce $100,000 Donation to Support Hurricane Relief Efforts in Georgia

ST. LOUIS , Oct. 14, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that its subsidiary, Meridian Health Plan of Michigan, Inc. ("Meridian"), has been selected by the Michigan Department of Health and Human Services (MDHHS) to provide highly integrated Medicare and Medicaid services for dually eligible Michiganders through a Highly Integrated Dual Eligible Special Needs Plan (HIDE SNP). The plan will launch on Jan. 1, 2026, when Michigan's MI Health Link pilot program transitions from a Medicare-Medicaid Plan (MMP) to MI Coordinated Health, a HIDE SNP in coordination with the Centers for Medicare and Medicaid Services (CMS).

CENTENE SUBSIDIARY MERIDIAN IN MICHIGAN AWARDED CONTRACT TO SERVE DUAL ELIGIBILE MEDICARE AND MEDICAID MEMBERS IN MICHIGAN

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ST. LOUIS , Oct. 8, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 2024 third quarter financial results at approximately 6:00 a.m. ET on Friday, October 25, 2024, and host a conference call at 8:30 a.m.

CENTENE CORPORATION TO HOST 2024 THIRD QUARTER FINANCIAL RESULTS EARNINGS CALL

Astrana Health Inc

ALHAMBRA, Calif. , Oct. 7, 2024 /PRNewswire/ --– Astrana Health, Inc. ("Astrana"), together with its subsidiaries and affiliated entities ("the Company") (NASDAQ: ASTH), a leading provider-centric, technology-powered healthcare company enabling providers to deliver accessible, high-quality, and high-value care to all, today announced it has closed its transaction to acquire Collaborative Health Systems ("CHS"), a management services organization serving more than 129,000 beneficiaries across 17 states and previously a company of Centene Corporation (NYSE:CNC) ("Centene"), a leading healthcare enterprise focused on transforming the health of the communities it serves.

Astrana Health Completes Acquisition of Collaborative Health Systems

Texas residents will have access to a variety of affordable coverage plans from Ambetter from Superior HealthPlan during open enrollment beginning Nov. 1 AUSTIN, Texas , Oct. 2, 2024 /PRNewswire/ --  Ambetter from Superior HealthPlan , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, will offer Texans a variety of affordable health insurance plans for plan year 2025. Open enrollment for the Health Insurance Marketplace for Texas runs from Nov. 1, 2024, through Jan. 15, 2025.

Ambetter from Superior HealthPlan Offers Health Insurance in 149 Counties Across Texas in 2025

Georgia residents will have access to a variety of affordable plans from Ambetter Health during open enrollment beginning Nov. 1 ATLANTA , Oct. 2, 2024 /PRNewswire/ --  Ambetter Health , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the Georgia Health Insurance Exchange, will offer Georgians a variety of affordable health insurance plans in plan year 2025. Open enrollment for the Health Insurance Marketplace for Georgia runs from Nov. 1, 2024, through Jan. 15, 2025.

Ambetter Health Offers Health Insurance to 149 Counties Across Georgia in 2025

Open Enrollment begins Nov. 1 OKLAHOMA CITY , Oct. 2, 2024 /PRNewswire/ --  Ambetter of Oklahoma , a product offered by a Centene Corporation (NYSE: CNC) company which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, announced today it will reduce plan premiums to residents in 36 counties in Oklahoma for 2025. Open enrollment for the Health Insurance Marketplace for Oklahoma runs from Nov. 1, 2024, through Jan. 15, 2025.

Ambetter of Oklahoma Reduces Plan Premiums by 8%, Offering More Affordable Coverage to Oklahomans

California residents will have access to a variety of affordable plans from Ambetter from Health Net during open enrollment beginning Nov. 1 SACRAMENTO, Calif. , Oct. 2, 2024 /PRNewswire/ --  Ambetter from Health Net , a product offered by a Centene Corporation (NYSE: CNC) company which provides insurance to under-insured and uninsured populations through Covered California, the State Based Exchange, will offer Californians a variety of affordable health insurance plans in plan year 2025.

Ambetter from Health Net Offers Health Insurance to 10 Counties Across California in 2025

Iowa residents will have access to a variety of affordable plans from Ambetter Health during open enrollment beginning Nov. 1 DES MOINES, Iowa , Oct. 2, 2024 /PRNewswire/ -- Ambetter Health, a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, will now offer Iowans a variety of affordable health insurance plans to residents in 33 counties in Iowa in 2025. Open enrollment for the Health Insurance Marketplace for Iowa runs from Nov. 1, 2024, through Jan. 15, 2025.

Ambetter Health Expands Health Insurance Offering into Iowa in 2024

Florida residents will have access to a variety of affordable plans from Ambetter Health during open enrollment beginning Nov. 1 FORT LAUDERDALE, Fla. , Oct. 2, 2024 /PRNewswire/ --  Ambetter Health , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, will offer a variety of affordable health insurance plans to Floridians in 63 counties in plan year 2025.

Ambetter Health Offers Health Insurance to 63 Counties Across Florida in 2025

New York residents will have a variety of affordable plans from Ambetter from Fidelis Care during open enrollment beginning Nov. 16 LONG ISLAND CITY, N.Y. , Oct. 2, 2024 /PRNewswire/ -- Ambetter from Fidelis , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through NY State of Health, the official Health Plan Marketplace, will offer a variety of affordable health insurance plans to New Yorkers in 56 counties for plan year 2025.

Ambetter from Fidelis Care Offers Health Insurance in 56 Counties Across New York in 2025

Nevada residents will have access to a variety of affordable plans from Ambetter Health insurance offers during open enrollment beginning Nov. 1 LAS VEGAS and RENO, Nev. , Oct. 2, 2024 /PRNewswire/ --  Ambetter from SilverSummit Healthplan , a product offered by a Centene Corporation (NYSE: CNC) company.

Ambetter from SilverSummit Healthplan Offers Health Insurance Statewide in Nevada in 2025

Kansas residents will have access to a variety of affordable plans from Ambetter from Sunflower Health Plan during open enrollment beginning Nov. 1 LENEXA, Kan. , Oct. 2, 2024 /PRNewswire/ -- Ambetter from Sunflower Health Plan , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, will offer a variety of affordable health insurance plans to Kansans in 91 counties in plan year 2025.

Ambetter from Sunflower Health Plan Offers Health Insurance to 91 Kansas Counties in 2025

Pennsylvania residents will have access to a variety of affordable plans from Ambetter from PA Health & Wellness during Open Enrollment beginning Nov. 1 HARRISBURG, Pa. , Oct. 2, 2024 /PRNewswire/ -- Ambetter from PA Health & Wellness , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the Pennsylvania Health Insurance Exchange, will offer a variety of affordable health insurance plans to Pennsylvanians in 30 counties in plan year 2025.

Ambetter from PA Health & Wellness Expands Health Insurance Offerings to 30 Counties Across Pennsylvania in 2025

Residents in 107 Kentucky counties will have a variety of affordable plans from Ambetter from WellCare of Kentucky during open enrollment beginning Nov. 1 LOUISVILLE, Ky. , Oct. 2, 2024 /PRNewswire/ --  Ambetter from WellCare of Kentucky , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the State Based Exchange will offer residents a variety of affordable health insurance plans in Kentucky in plan year 2025.

Ambetter from WellCare of Kentucky Offers Affordable, Accessible Healthcare Coverage Statewide in 2025

More Louisiana residents will have access to a variety of affordable plans from Ambetter from Louisiana Healthcare Connections during open enrollment beginning Nov. 1 BATON ROUGE, La. , Oct. 2, 2024 /PRNewswire/ -- Ambetter from Louisiana Healthcare Connections , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, will offer a variety of affordable health insurance plans to Louisianans in 22 parishes for plan year 2025.

Ambetter from Louisiana Healthcare Connections Expands Health Insurance Offering to 22 Parishes

Mississippi residents will have access to a variety of affordable plans from Ambetter from Magnolia Health during open enrollment beginning Nov. 1. JACKSON, Miss.

Ambetter from Magnolia Health Offers Health Insurance Statewide in Mississippi

Arizona residents will have access to a variety of affordable plans during open enrollment beginning Nov. 1 PHOENIX , Oct. 2, 2024 /PRNewswire/ --  Ambetter from Arizona Complete Health , a product offered by a Centene Corporation (NYSE: CNC) company, which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace®, will offer a variety of affordable health insurance plans to Arizonans in nine counties for plan year 2025. Open enrollment for the Health Insurance Marketplace for Arizona runs from Nov. 1, 2024, through Jan. 15, 2025.

News for Centene Stock (CNC)