Centene (NYSE:CNC) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.24-4.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.25. The company issued revenue guidance of $72.8-73.6 billion, compared to the consensus revenue estimate of $70.76 billion.Centene also updated its FY 2019 guidance to $4.24-4.44 EPS.
Shares of Centene stock traded up $0.47 during midday trading on Friday, hitting $56.04. The company had a trading volume of 11,761,700 shares, compared to its average volume of 6,476,667. The company has a market capitalization of $22.89 billion, a P/E ratio of 15.83, a PEG ratio of 0.92 and a beta of 1.21. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. Centene has a 52-week low of $45.44 and a 52-week high of $74.49.
Centene (NYSE:CNC) last announced its earnings results on Tuesday, April 23rd. The company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.07. Centene had a return on equity of 14.60% and a net margin of 1.66%. The company had revenue of $18.44 billion for the quarter, compared to analysts’ expectations of $17.44 billion. During the same period last year, the firm earned $2.17 EPS. Centene’s revenue for the quarter was up 39.8% compared to the same quarter last year. As a group, equities analysts expect that Centene will post 4.36 EPS for the current year.
Centene Company Profile
Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. The company's Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which covers dually eligible individuals, as well as aged, blind, or disabled programs.
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