Centene Corp. (NYSE:CNC) – Analysts at Leerink Swann dropped their Q3 2016 EPS estimates for shares of Centene Corp. in a report issued on Monday. Leerink Swann analyst A. Gupte now anticipates that the brokerage will post earnings of $1.16 per share for the quarter, down from their previous estimate of $1.18. Leerink Swann has a “Hold” rating on the stock. Leerink Swann also issued estimates for Centene Corp.’s Q4 2016 earnings at $1.18 EPS.

Centene Corp. (NYSE:CNC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. The company had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Centene Corp. had a net margin of 1.19% and a return on equity of 14.27%. The business’s quarterly revenue was up 97.9% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share.

Earnings History and Estimates for Centene Corp. (NYSE:CNC)

Several other brokerages also recently commented on CNC. Zacks Investment Research downgraded shares of Centene Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Credit Suisse Group AG dropped their price objective on shares of Centene Corp. from $78.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, October 5th. FBR & Co reissued an “outperform” rating and issued a $90.00 price objective on shares of Centene Corp. in a research note on Tuesday, July 26th. Vetr downgraded shares of Centene Corp. from a “strong-buy” rating to a “buy” rating and set a $81.00 price objective for the company. in a research note on Tuesday, July 12th. Finally, Jefferies Group decreased their price target on shares of Centene Corp. from $89.00 to $82.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $80.76.

Shares of Centene Corp. (NYSE:CNC) opened at 61.41 on Tuesday. Centene Corp. has a 52-week low of $47.36 and a 52-week high of $75.57. The company has a 50-day moving average of $65.57 and a 200 day moving average of $65.78. The company has a market capitalization of $10.48 billion, a PE ratio of 23.70 and a beta of 0.95.

In other news, EVP Kenneth Rone Baldwin sold 6,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $66.58, for a total transaction of $399,480.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Carol Goldman sold 10,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $66.36, for a total value of $663,600.00. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Somerset Trust Co raised its position in shares of Centene Corp. by 0.3% in the third quarter. Somerset Trust Co now owns 8,353 shares of the company’s stock valued at $560,000 after buying an additional 23 shares in the last quarter. RFG Advisory Group LLC raised its position in shares of Centene Corp. by 0.5% in the second quarter. RFG Advisory Group LLC now owns 5,900 shares of the company’s stock valued at $421,000 after buying an additional 32 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Centene Corp. by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 12,134 shares of the company’s stock valued at $866,000 after buying an additional 55 shares in the last quarter. Blair William & Co. IL raised its position in shares of Centene Corp. by 0.9% in the second quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $489,000 after buying an additional 62 shares in the last quarter. Finally, Bremer Trust National Association raised its position in shares of Centene Corp. by 0.9% in the second quarter. Bremer Trust National Association now owns 7,525 shares of the company’s stock valued at $537,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Centene Corp. Company Profile

Centene Corporation is a diversified healthcare company that provides programs and services to government sponsored healthcare programs. The Company also provides education and outreach programs to inform and assist members in accessing appropriate healthcare services. The Company operates through two segments.

5 Day Chart for NYSE:CNC

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