Centene tweaks 2020 guidance, warns of potential rate decrease [MarketWatch]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
centene.com/investors.html
Company Research
Source: MarketWatch
Centene tweaks 2020 guidance, warns of potential rate decrease Centene Corp. CNC, -2.54% shares fell 3.8% in the extended session Tuesday after the health-care manager tweaked its guidance for 2020 to reflect an acquisition and said it could face a rate reduction. Centene said it expects sales between $104.8 billion and $105.6 billion and per-share earnings between $3.00 and $3.14 for the year. It called for adjusted EPS between $4.56 and $4.76 for 2020. In the same press release, Centene also said it received notice of a potential rate decrease from the state of New York, which could result in a pre-tax net reduction around $200 million. "While not final, we have begun to develop initiatives to mitigate a portion of the potential rates for 2020," Centene said in a statement. "We currently expect $150 million of the adjustment to potentially lower our pre-tax earnings for the year, resulting in a $0.17 reduction to our GAAP and adjusted diluted earnings per share guidance." Shares
Show less
Read more
Impact Snapshot
Event Time:
CNC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CNC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CNC alerts
High impacting Centene Corporation news events
Weekly update
A roundup of the hottest topics
CNC
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