Last $50.89 USD
Change Today +0.12 / 0.24%
Volume 336.6K
CNC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/13 All times are local (Market data is delayed by at least 15 minutes).

centene corp (CNC) Snapshot

Open
$50.83
Previous Close
$50.77
Day High
$51.81
Day Low
$50.45
52 Week High
05/16/13 - $52.60
52 Week Low
06/11/12 - $24.26
Market Cap
2.8B
Average Volume 10 Days
423.9K
EPS TTM
$0.33
Shares Outstanding
54.4M
EX-Date
--
P/E TM
154.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CENTENE CORP (CNC)

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centene corp (CNC) Details

Centene Corporation provides multi-line healthcare programs and services in the United States. It operates in two segments, Medicaid Managed Care and Specialty Services. The Medicaid Managed Care segment provides Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State children’s health insurance program, long-term care, foster care, and Medicare special needs plans, as well as aged, blind, or disabled programs. Its health plans provide primary and specialty physician care, inpatient and outpatient hospital care, transportation assistance, emergency and urgent care, vision care, prenatal care, dental care, laboratory and x-ray services, immunizations, prescriptions and over-the-counter drugs, home health and durable medical equipment, behavioral health and substance abuse services, therapies, social work services, care coordination, and 24-hour nurse advice line. The Specialty Services segment manages behavioral healthcare for members; provides health insurance to individual customers and their families; implements life and health management programs; offers long-term care services to the elderly and people with disabilities; and administers routine and medical surgical eye care benefits through its network of eye care providers. It also offers telehealth services; and claims processing, pharmacy network management, benefit design consultation, drug utilization review, formulary and rebate management, specialty and mail order pharmacy services, and patient and physician intervention services, as well as provides care management solutions that automate the clinical, administrative, and technical components of care management programs. The company offers its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

6,800 Employees
Last Reported Date: 02/19/13
Founded in 1984

centene corp (CNC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.2M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $665.0K
Chief Business Development Officer and Execut...
Total Annual Compensation: $550.0K
Chief Administration Officer and Executive Vi...
Total Annual Compensation: $480.0K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2012.

centene corp (CNC) Key Developments

Centene Corp. Enters into New Unsecured Revolving Credit Agreement

As part of ongoing operations and growth experienced by Centene Corp., on May 21, 2013, the company entered into a new unsecured Revolving Credit Agreement which: increases the borrowing capacity from $350 million to $500 million; increases the expansion provision from $50 million to $100 million; decreases the interest rate for each tier by 100 basis points; and extends the term from January 2016 to June 1, 2018. The new unsecured, $500 million Revolving Credit Agreement was arranged with various financial institutions and Barclays Bank PLC as administrative agent. Borrowings under the agreement will bear interest based upon LIBOR rates, the Federal Funds Rate or the Prime Rate. The agreement contains non-financial and financial covenants, including requirements of minimum fixed charge coverage ratios, minimum debt-to-EBITDA ratios and minimum tangible net worth. The agreement has a maturity date of June 1, 2018, provided it will mature 90 days prior to the maturity date of the Company's 5.75% Senior Notes due 2017 if such notes are not refinanced (or extended) or certain financial conditions are not met. On May 21, 2013, in connection with the entering into this agreement, the company terminated its existing loan agreement with Barclays Bank PLC, dated January 31, 2011, as amended, which had provided the company with a $350 million revolving line of credit facility. As of May 21, 2013, there were no borrowings outstanding under the agreement.

Centene Corp. Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-21-2013 11:30 AM

Centene Corp. Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-21-2013 11:30 AM. Venue: JW Marriott Chicago, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Edmund E. Kroll, Senior Vice President of Finance & Investor Relations.

Centene Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for 2013

Centene Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported premium and service revenues of $2.5 billion, representing a 53% increase over last year's level of almost $1.7 billion. This increase of approximately $880 million results from the addition of 3 new states: Missouri, Washington and Kansas, and from a full 3 months of revenue related to the 2012 expansions in Louisiana, Mississippi and Texas. Investment income decreased from $5.3 million to $4.5 million between years, reflecting the lower level of returns on new investments and reinvestments. Cash flow from operations was $43 million. Diluted earnings per share for the quarter was $0.42 compared to $0.45 last year. Net earnings attributable to company was $23 million against $23.9 million a year ago. Earnings from operations was $40.1 million and earnings before income tax expense was $37.9 million against earnings from operations of $34.1 million and earnings before income tax expense of $34.6 million a year ago. Capital expenditures was $10.6 million and purchases of investments was $358.1 million against capital expenditures of $14.9 million and purchases of investments of $255.2 million a year ago. For 2013, the company expects premium and service revenues of $10.1 billion to $10.4 billion, diluted earnings per share of $2.60 to $2.90 and effective tax rate of 40% to 41%.

 

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CNC

Industry Average

Valuation CNC Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 2.7x
Price/Cash Flow 3,129.1x
TEV/Sales 0.1x
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