Centene Stock Analysis

CNC -  USA Stock  

USD 82.38  0.61  0.75%

The current indifference towards the small price fluctuations of Centene Corp could raise concerns from investors as the firm is trading at a share price of 82.38 on 596,777 in volume. The company executives did not add any value to Centene Corp investors in April. However, most investors can still diversify their portfolios with Centene Corp to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.02. The current volatility is consistent with the ongoing market swings in April 2022 as well as with Centene Corp unsystematic, company-specific events.
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The Centene Corp stock analysis report makes it easy to digest most publicly released information about Centene Corp and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Centene Stock analysis module also helps to analyze the Centene Corp price relationship with some important fundamental indicators such as market cap and management efficiency.

Centene Stock Analysis Notes

About 95.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.81. Some equities with similar Price to Book (P/B) outperform the market in the long run. Centene Corp has Price/Earnings To Growth (PEG) ratio of 1.47. The entity next dividend is scheduled to be issued on the 29th of October 2010. The firm had 2:1 split on the 7th of February 2019. Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people. For more info on Centene Corp please contact Rich Fisher at 314 725 4477 or go to https://www.centene.com.

Centene Corp Quarterly Cost of Revenue

32.83 Billion


Centene Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Centene Corp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Centene Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Centene Corp is unlikely to experience financial distress in the next 2 years
Centene Corp was previously known as ALPHA METALLURGICAL RESOURCES and was traded on New York Stock Exchange under the symbol CNTE.
Centene Corp has a strong financial position based on the latest SEC filings
Over 95.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Centene Corp exotic insider transaction detected

Centene Corp Upcoming and Recent Events

Earnings reports are used by Centene Corp to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Centene Corp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report8th of February 2022
Next Financial Report26th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End8th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Centene Largest EPS Surprises

Earnings surprises can significantly impact Centene Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Fiscal Date
Estimated EPS
Reported EPS
View All Earnings Estimates

Centene Corp SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Centene Corp prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Centene Corp investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Centene Corp specific information freely available to individual and institutional investors to make a timely investment decision.
2nd of May 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
28th of April 2022
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year
25th of April 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
15th of April 2022
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
31st of March 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
22nd of March 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
24th of February 2022
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
14th of February 2022
Unclassified Corporate Event

Centene Corp Thematic Classifications

In addition to having Centene Corp stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Insurance IdeaInsurance
USA Equities from Insurance industry as classified by Fama & French
Obamacare IdeaObamacare
Companies that count on Obamacare to take off
Health Management IdeaHealth Management
Healthcare providers, hospitals

Centene Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Centene Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Centene Corp backward and forwards among themselves. Centene Corp's institutional investor refers to the entity that pools money to purchase Centene Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Vanguard Group IncCommon Shares63.6 M5.4 B
Capital World InvestorsCommon Shares50.5 M4.3 B
Blackrock IncCommon Shares41.8 M3.5 B
Fmr LlcCommon Shares34.3 M2.9 B
Price T Rowe Associates IncCommon Shares30.4 M2.6 B
Jpmorgan Chase CoCommon Shares26.7 M2.2 B
State Street CorpCommon Shares24.2 MB
Note, although Centene Corp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Centene Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 48.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Centene Corp's market, we take the total number of its shares issued and multiply it by Centene Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Centene Profitablity

Centene Corp's profitability indicators refer to fundamental financial ratios that showcase Centene Corp's ability to generate income relative to its revenue or operating costs. If, let's say, Centene Corp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Centene Corp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Centene Corp's profitability requires more research than a typical breakdown of Centene Corp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 1.14 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 3.12 %, which entails that for every 100 dollars of revenue, it generated 0.03 of operating income.
Last ReportedProjected for 2022
Return on Investment 10.30  13.08 
Return on Average Assets 0.018  0.0244 
Return on Average Equity 0.05  0.07 
Return on Invested Capital 0.09  0.13 
Return on Sales 0.02  0.0225 

Management Efficiency

The entity has Return on Asset of 3.13 % which means that on every $100 spent on asset, it made $3.13 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 5.04 %, implying that it generated $5.04 on every 100 dollars invested. Centene Corp management efficiency ratios could be used to measure how well centene corp manages its routine affairs as well as how well it operates its assets and liabilities. The current year Return on Investment is expected to grow to 13.08. The current year Return on Average Assets is expected to grow to 0.0244. Centene Corp Total Assets are projected to increase significantly based on the last few years of reporting. The past year's Total Assets were at 78.38 Billion. The current year Current Assets is expected to grow to about 30.7 B, whereas Tangible Assets Book Value per Share are forecasted to decline to 70.40.
Last ReportedProjected for 2022
Book Value per Share 45.97  49.60 
Enterprise Value over EBIT 21.00  18.63 
Enterprise Value over EBITDA 13.49  12.62 
Price to Book Value 1.79  1.92 
Tangible Assets Book Value per Share 87.13  70.40 
Enterprise Value53.5 B57.7 B
Tangible Asset Value50.8 B54.8 B

Technical Drivers

As of the 19th of May, Centene Corp shows the Mean Deviation of 1.6, risk adjusted performance of 0.0138, and Downside Deviation of 2.34. Centene Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Centene Corp, which can be compared to its rivals. Please confirm Centene Corp maximum drawdown, and the relationship between the information ratio and downside variance to decide if Centene Corp is priced correctly, providing market reflects its regular price of 82.38 per share. Given that Centene Corp has jensen alpha of 0.133, we suggest you to validate Centene Corp's prevailing market performance to make sure the company can sustain itself at a future point.

Centene Corp Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Triple Exponential Moving Average (T3) indicator is developed by Tim Tillson as Centene Corp price series composite of a single exponential moving average, a double exponential moving average and a triple exponential moving average.

Centene Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Centene Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Centene Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Centene Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Centene Corp Predictive Daily Indicators

Centene Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Centene Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Centene Corp Forecast Models

Centene Corp time-series forecasting models is one of many Centene Corp's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Centene Corp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Centene Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Centene Corp stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Centene shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Centene Corp. By using and applying Centene Stock analysis, traders can create a robust methodology for identifying Centene entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 3.19  3.17 
EBITDA Margin 0.031  0.0375 
Gross Margin 0.11  0.13 
Profit Margin 0.011  0.0125 
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people.

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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Centene Corp to your portfolios without increasing risk or reducing expected return.

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Continue to Trending Equities. Note that the Centene Corp information on this page should be used as a complementary analysis to other Centene Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Centene Corp price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Centene Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.