The Q4 2016 EPS Estimates for Centene Corp. (CNC) Decreased by Jefferies Group

The Q4 2016 EPS Estimates for Centene Corp. (CNC) Decreased by Jefferies Group

Centene Corp. (NYSE:CNC) – Investment analysts at Jefferies Group cut their Q4 2016 earnings estimates for shares of Centene Corp. in a research report issued on Tuesday. Jefferies Group analyst D. Windley now forecasts that the brokerage will post earnings per share of $1.12 for the quarter, down from their previous forecast of $1.15. Jefferies Group has a “Buy” rating and a $82.00 price target on the stock. Jefferies Group also issued estimates for Centene Corp.’s Q4 2017 earnings at $1.13 EPS and FY2018 earnings at $5.40 EPS.

Several other research analysts have also commented on CNC. Vetr lowered Centene Corp. from a “strong-buy” rating to a “buy” rating and set a $81.00 price target for the company. in a research report on Tuesday, July 12th. FBR & Co reissued an “outperform” rating and issued a $90.00 price target on shares of Centene Corp. in a research report on Tuesday, July 26th. Zacks Investment Research lowered Centene Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $78.00 target price on shares of Centene Corp. in a research report on Thursday, September 1st. Finally, Leerink Swann lowered Centene Corp. from an “outperform” rating to a “market perform” rating and set a $80.00 target price on the stock. in a research report on Tuesday, September 6th. One 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. Centene Corp. presently has a consensus rating of “Buy” and an average price target of $80.76.

Centene Corp. (NYSE:CNC) opened at 63.14 on Friday. Centene Corp. has a 1-year low of $47.36 and a 1-year high of $75.57. The stock has a 50 day moving average price of $64.64 and a 200 day moving average price of $65.83. The company has a market cap of $10.79 billion, a P/E ratio of 23.26 and a beta of 0.94.

Centene Corp. (NYSE:CNC) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.15 by $0.04. Centene Corp. had a return on equity of 13.40% and a net margin of 1.17%. The company earned $10.85 billion during the quarter, compared to the consensus estimate of $10.96 million. During the same period last year, the business earned $0.87 EPS. The firm’s quarterly revenue was up 86.3% compared to the same quarter last year.

In other news, VP Carol Goldman sold 10,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $66.36, for a total value of $663,600.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth Rone Baldwin sold 6,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $66.58, for a total value of $399,480.00. The disclosure for this sale can be found here. 4.50% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of CNC. Robecosam AG bought a new stake in shares of Centene Corp. during the first quarter worth approximately $107,000. Duncker Streett & Co. Inc. increased its stake in shares of Centene Corp. by 28.0% in the second quarter. Duncker Streett & Co. Inc. now owns 1,600 shares of the company’s stock worth $114,000 after buying an additional 350 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of Centene Corp. during the third quarter worth approximately $120,000. Quadrant Capital Group LLC increased its stake in shares of Centene Corp. by 11.0% in the second quarter. Quadrant Capital Group LLC now owns 2,170 shares of the company’s stock worth $151,000 after buying an additional 215 shares during the last quarter. Finally, Tompkins Financial Corp increased its stake in shares of Centene Corp. by 243.8% in the second quarter. Tompkins Financial Corp now owns 2,235 shares of the company’s stock worth $159,000 after buying an additional 1,585 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Centene Corp. Company Profile

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