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Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

133.23USD
16 Jul 2018
Change (% chg)

$-1.30 (-0.97%)
Prev Close
$134.53
Open
$134.34
Day's High
$134.42
Day's Low
$133.16
Volume
258,337
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466,985
52-wk High
$134.70
52-wk Low
$79.06

Latest Key Developments (Source: Significant Developments)

Centene Corp Says Unit Issued $1.8 Bln In Aggregate Principal Amount Of 5.375 Pct Senior Notes Due 2026
Thursday, 24 May 2018 

May 23 (Reuters) - Centene Corp ::CENTENE CORP SAYS UNIT ISSUED $1.8 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2026 - SEC FILING.  Full Article

Centene Corp Announces Offering Of Senior Notes
Wednesday, 9 May 2018 

May 9 (Reuters) - Centene Corp ::CENTENE CORPORATION ANNOUNCES OFFERING OF SENIOR NOTES.CENTENE CORP - UNIT COMMENCED AN OFFERING TO SELL $1.7 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.CENTENE - TO USE NET PROCEEDS TO FINANCE A PORTION OF CASH CONSIDERATION PAYABLE RELATED TO ANNOUNCED ACQUISITION OF ASSETS OF FIDELIS CARE.  Full Article

Centene Corp Prices Offering Of Common Stock
Wednesday, 2 May 2018 

May 1 (Reuters) - Centene Corp ::ORATION PRICES OFFERING OF COMMON STOCK.PRICED ITS PREVIOUSLY ANNOUNCED REGISTERED OFFERING OF $2.6 BILLION IN SHARES OF COMMON STOCK, PAR VALUE $0.001 PER SHARE.PRICED ITS PREVIOUSLY ANNOUNCED REGISTERED OFFERING OF $2.6 BILLION IN SHARES OF COMMON STOCK, PAR VALUE $0.001 PER SHARE.PRICED REGISTERED OFFERING OF $2.6 BILLION IN SHARES OF COMMON STOCK, AT A PUBLIC OFFERING PRICE OF $107.50 PER SHARE.  Full Article

Centene Corp Reports 2018 Q1 Adj Earnings Per Share $2.17
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Centene Corp ::ORATION REPORTS 2018 FIRST QUARTER RESULTS AND ADJUSTS 2018 GUIDANCE.Q1 ADJUSTED EARNINGS PER SHARE $2.17.Q1 REVENUE $13.2 BILLION VERSUS I/B/E/S VIEW $13.19 BILLION.Q1 EARNINGS PER SHARE VIEW $1.88 -- THOMSON REUTERS I/B/E/S.QTRLY EARNINGS PER SHARE $1.91.HBR OF 84.3% FOR Q1 OF 2018 REPRESENTS A DECREASE FROM 87.6% IN COMPARABLE PERIOD IN 2017.SEES FY 2018 TOTAL REVENUES $58.2 BILLION TO $59.0 BILLION.SEES 2018 ADJUSTED DILUTED EPS IN RANGE OF $ 6.75 - $ 7.15.SEES FY 2018 GAAP DILUTED EPS $4.36 TO $4.70.MARCH 31, 2018 MANAGED CARE MEMBERSHIP OF 12.8 MILLION, AN INCREASE OF 684,000 MEMBERS, OR 6% OVER MARCH 31, 2017.FY2018 EARNINGS PER SHARE VIEW $7.14, REVENUE VIEW $59.94 BILLION -- THOMSON REUTERS I/B/E/S.SEES 2018 HBR IN RANGE OF 85.9 % - 86.4 %.  Full Article

Centene Says Confirms 2017 Guidance, Excluding Expected Benefit Of Tax Reform, That Was Previously Announced On Dec 14, 2017
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Centene Corp ::CENTENE SAYS CONFIRMS 2017 GUIDANCE, EXCLUDING EXPECTED BENEFIT OF TAX REFORM, THAT WAS PREVIOUSLY ANNOUNCED ON DEC 14, 2017 - SEC FILING.  Full Article

Centene's Washington Subsidiary Reaches Agreement With State Of Washington
Saturday, 16 Dec 2017 

Dec 15 (Reuters) - Centene Corp ::CENTENE'S WASHINGTON SUBSIDIARY REACHES AGREEMENT WITH STATE OF WASHINGTON.CENTENE CORP -COORDINATED CARE FINALIZED TERMS OF AGREEMENT WITH OIC REGARDING ITS AMBETTER PRODUCT AND IS AGAIN ACCEPTING ENROLLMENT IN WASHINGTON​ STATE.  Full Article

Centene Corp Says Amended And Restated Existing Credit Agreement
Friday, 15 Dec 2017 

Dec 14 (Reuters) - Centene Corp ::CENTENE CORP SAYS ON DEC 14, CO AMENDED AND RESTATED ITS EXISTING CREDIT AGREEMENT - SEC FILING.CENTENE CORP - CREDIT AGREEMENT PROVIDES FOR A $1.5 BILLION UNSECURED MULTI-CURRENCY REVOLVING CREDIT FACILITY.CENTENE - CREDIT AGREEMENT PROVIDES FOR REVOLVING CREDIT FACILITY WITH $300 MILLION SUB-LIMIT FOR LETTERS OF CREDIT & $150 MILLION SUB-LIMIT FOR SWINGLINE LOANS.CENTENE CORP - REVOLVING CREDIT FACILITY WILL MATURE ON DECEMBER 14, 2022, UNLESS OTHERWISE EXTENDED.  Full Article

Centene Corporation Sees FY 2018 Revenue Up About 26 Pct
Friday, 15 Dec 2017 

Dec 14 (Reuters) - Centene Corp ::ORATION ANNOUNCES 2018 GUIDANCE AND CONFIRMS 2017 GUIDANCE.SEES FY 2018 REVENUE UP ABOUT 26 PERCENT.SEES FY 2018 REVENUE $60 BILLION TO $60.8 BILLION.SAYS ‍DILUTED EARNINGS PER SHARE ARE EXPECTED TO BE $4.63 TO $4.97 FOR 2018 ​.SEES FY 2018 ‍ADJUSTED DILUTED EARNINGS PER SHARE OF APPROXIMATELY $5.47 TO $5.87​.  Full Article

Centene says civil investigative demand was issued to co's unit, Health Net Federal Services by U.S. DoJ in Oct
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Centene Corp :Centene says in October 2017, civil investigative demand was issued to co's unit, Health Net Federal Services by U.S. Department of Justice - SEC filing.Centene says company is complying with civil investigative demand and believes it has been meeting its contractual obligations.  Full Article

Centene reports Q3 earnings per share $1.16
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Centene Corp ::Centene corporation reports 2017 third quarter results & updates 2017 guidance.Reports Q3 2017 earnings per share $1.16.Q3 adjusted earnings per share $1.35.Q3 earnings per share $1.16.Q3 revenue $11.9 billion versus i/b/e/s view $11.78 billion.Q3 earnings per share view $1.25 -- Thomson Reuters I/B/E/S.‍health benefits ratio (hbr) of 88.0% for Q3 of 2017, compared to 87.0% in Q3 of 2016​.September 30, 2017 managed care membership of 12.3 million, an increase of 874,900 members, or 8% compared to Q3 of 2016​.Sees fy 2017 total revenues $47.4 billion - $48.2 bln‍​.Sees fy 2017 gaap diluted eps $4.04 - $4.18‍​.Sees fy 2017 adjusted diluted eps $4.86-$5.04‍​.Sees 2017 health benefits ratio ‍​between 87 percent to 87.4 percent.As a result of uncertainties surrounding csr payments, guidance for fy does not include any impact of the defunding of csr subsidies‍​.Expect lack of csr payments to have $0.07 - $0.12 per diluted share impact on 2017 earnings​.Fy2017 earnings per share view $4.95, revenue view $47.24 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Centene Corp Prices Upsized Offering Of Senior Notes

* CENTENE CORPORATION PRICES UPSIZED OFFERING OF SENIOR NOTES