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Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

110.63USD
20 Apr 2018
Change (% chg)

$-0.74 (-0.66%)
Prev Close
$111.37
Open
$111.40
Day's High
$111.86
Day's Low
$110.32
Volume
268,632
Avg. Vol
368,178
52-wk High
$113.73
52-wk Low
$70.58

Latest Key Developments (Source: Significant Developments)

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

Centene ‍comments on updated Medicare Star quality ratings for 2018 ​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Centene Corp :Centene ‍comments on updated Medicare Star quality ratings for 2018 rating year published by Centers for Medicare and Medicaid Services​.Centene Corp says ‍2018 rating year will affect quality bonus payments for Medicare Advantage plans in 2019​.Centene Corp says "we ‍are working to evaluate and mitigate potential impact on company's revenue in 2019 as a result of lowered 2018 rating"​.  Full Article

Centene provides contract update on Illinois unit
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Centene Corp :Centene's illinois subsidiary selected for medicaid managed care program contract and youth in care contract.Centene corp - new four-year agreement, with option to renew contract for up to an additional four years, is expected to commence on january 1, 2018..  Full Article

Centene reaches settlement with Commonwealth of Kentucky
Friday, 4 Nov 2016 

Centene Corp : unit, Kentucky Spirit Health Plan, has settled all lawsuits and complaints associated with its contract with Commonwealth Of Kentucky .under terms of settlement agreement, Kentucky Spirit will receive an immaterial cash payment from Commonwealth's actuarial firm.  Full Article

Centene's unit enters into settlement agreement with respect to contract termination with Commonwealth of Kentucky
Friday, 4 Nov 2016 

Centene Corp : Centene - On November 3, 2016 company's unit entered into a settlement agreement with respect to contract termination with Commonwealth of Kentucky - SEC filing .Centene - Kentucky Spirit to receive immaterial cash payment from Commonwealth's actuarial firm; parties to dismiss all claims related to litigation.  Full Article

BRIEF-Centene Says Expects To Enter Undertakings With NY State Department. Of Health

* AS PART OF REGULATORY APPROVAL PROCESS FOR FIDELIS CARE DEAL, IT IS EXPECTED THAT CO WILL ENTER UNDERTAKINGS WITH NY STATE DEPARTMENT OF HEALTH