Centene Corporation Reports 2019 Third Quarter Results
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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US:NYSE Investor Relations:
centene.com/investors.html
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Source: PR Newswire
ST. LOUIS, Oct. 22, 2019 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its financial results for the third quarter ended September 30, 2019, reporting diluted earnings per share (EPS) of $0.23, and Adjusted Diluted EPS of $0.96.In summary, the 2019 third quarter results were as follows:Total revenues (in millions)$18,976Health benefits ratio88.2%SG&A expense ratio8.9%GAAP diluted EPS$0.23Adjusted Diluted EPS (1)$0.96Total cash flow used in operations (in millions) (2)$(99)(1) A full reconciliation of Adjusted Diluted EPS is shown beginning on page seven of this release.(2) Consistent with previous years, the third quarter cash flow was negatively impacted by approximately $1.0 billion of payments related to the 2018 risk adjustment and minimum MLR programs."We are pleased with our third quarter results which reflect growth in our marketplace business, Medicaid business, and new programs, demonstrating the benefits of our diversification strategy on our healthcare ent
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News
- Health Net Providing Special Assistance to Members Affected by Bird Flu Throughout CaliforniaPR Newswire
- Centene Co. (NYSE: CNC) had its "overweight" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $75.00 price target on the stock, down previously from $80.00.MarketBeat
- Superior HealthPlan Commemorates 25-year Anniversary by Awarding $25,000 Grant to NAMI El Paso [Yahoo! Finance]Yahoo! Finance
- Superior HealthPlan Commemorates 25-year Anniversary by Awarding $25,000 Grant to NAMI El PasoPR Newswire
- Centene Co. (NYSE: CNC) had its price target lowered by analysts at Stephens from $75.00 to $73.00. They now have an "equal weight" rating on the stock.MarketBeat
CNC
Earnings
- 10/25/24 - Beat
CNC
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- CNC's page on the SEC website