Centene Corporation (CNC) recently revealed its 2025 outlook at its investor day, reaffirming its 2024 guidance.The company continues to expect premium and service revenues within $143.5-$144.5 billion, up from the 2023 figure of $140.1 billion.Adjusted earnings per share (EPS) is projected to be at least $6.80, suggesting a significant improvement from the 2023 reported figure of $6.68. The Zacks Consensus Estimate for the same is currently pegged at $6.83 per share. The company also reiterated its HBR gui ...

Financial Guidance - For fiscal year 2025, Centene Corporation expects total revenues between $166.5 billion and $169.5 billion, slightly above the consensus of $166.58 billion [1] - The guidance includes premium and service revenues projected at $154.0 billion to $156.0 billion [1] - The company anticipates GAAP EPS greater than $6.19 and adjusted EPS greater than $7.25, compared to the consensus of $6.97 [1] Health Benefits Ratio and Expenses - Centene expects a Health Benefits Ratio (HBR) of 88.4% to 89.0% for 2025 [2] - The forecast for selling, general, and administrative (SG&A) expense ratio is between 8.1% and 8.7%, with an adjusted SG&A expense ratio also in the same range [2] 2024 Guidance Reaffirmation - The company reaffirms its 2024 premium and service revenues guidance of $143.5 billion to $144.5 billion [3] - HBR guidance for 2024 is set at 88.3% to 88.5% [3] - Adjusted diluted EPS guidance for 2024 is greater than $6.80 [3] Company Mission and Operations - Centene is dedicated to delivering high-quality outcomes for over 28 million members, focusing on medically complex and historically underserved populations [4] - The company has improved core operations and invested in customer and provider experiences while meeting financial commitments [4] Stock Performance - CNC stock increased by 1.92%, reaching $57.99 during the last check on Thursday [6]

-- 2025 adjusted diluted EPS of greater than $7.25 ---- Reaffirms 2024 adjusted diluted EPS guidance of greater than $6.80 --ST. LOUIS, Dec. 12, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("the Company"), a leading healthcare enterprise committed to helping people live healthier lives, today will host its investor day to outline its 2025 financial guidance."Centene is a mission driven organization, dedicated to delivering high quality outcomes for more than 28 million members, many of whom are amo ...

ST. LOUIS, Dec. 5, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, today announced that, in the wake of the tragic loss of UnitedHealthcare's CEO Brian Thompson, Centene's Investor Day will now be hosted virtually. The program will be webcast during the previously scheduled date and time – Thursday, December 12, 2024, starting at 8:30 a.m. Eastern Time."All of us at Centene are deeply saddened by Brian Thompson's death a ...

Three-year partnership to increase value-based payment model adoption and improve maternal and child health outcomes in community health centers, impacting up to 1 in 5 Medicaid membersST. LOUIS, Dec. 4, 2024 /PRNewswire/ -- The Centene Foundation ("The Foundation"), the philanthropic arm of Centene Corporation ("Centene") [NYSE: CNC], a healthcare enterprise focused on transforming the health of the communities it serves, today announced it has made a commitment to enter into a partnership with the Nationa ...

ST. LOUIS, Dec. 3, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, today announced that it will host an investor day on Thursday, December 12, 2024, starting at 8:30 a.m. Eastern Time. The event can be accessed via a live webcast on the Company's website at www.centene.com, under the Investors section, or directly via the following link at: https://event.webcasts.com/starthere.jsp?ei=1700085&tp_key=eac9720ef1. A webcast ...

Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Centene Corporation - 2024" company profile has been added to ResearchAndMarkets.com's offering. The report provides insights into the company's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and investments. Centene is a US-based healthcare enterprise offering government-sponsored healthcare services to eligible individuals in the US. The company enables i ...

Investors closely monitor insider buys, as they can give hints surrounding the long-term picture.An insider is an officer, director, 10% stockholder, or anyone who possesses internal information because of their relationship with the company. It’s critical to note that insiders have a longer holding period than most, and many strict rules apply to their transactions.Several large-cap companies – Bristol-Myers Squibb (BMY) , Pfizer (PFE) , and Centene (CNC) – have seen recent insider activity. Let’s take a c ...

PEMBROKE PINES, Fla., Nov. 7, 2024  /PRNewswire/ -- Sunshine Health, Florida's largest managed care organization and a Centene Corporation company (NYSE: CNC), announced today Charlene Zein has been named Plan President and Chief Executive Officer, effective Nov. 3, 2024. Zein has nearly two decades of experience in the healthcare industry, including various leadership roles of increasing scope and responsibility at Sunshine Health since joining in 2019. She most recently served as Sunshine Health Chief Pr ...

Health insurers have been getting a lot of heat surrounding the rising costs of Medicare Advantage (MA) plans. Companies like CVS Health Co. NYSE: CVS have seen their medical benefits ratio (MBR) continue to rise, forecasting 90.8%, driven by the rising costs to provide MA plans to seniors. The MBR, also referred to as the health benefits ratio (HBR) and medical costs ratio (MCR), is the percentage of insurance premium payments that are paid out to providers and facilities for medical services. Higher MBR/H ...