Tuesday, April 23, 6:05 AMCentene (CNC): Q1 EPS of $0.42 beats by $0.04. Premium and Service revenue of $2.54B beats by $0.08B. (PR)
Comment![Earnings, Breaking News, Healthcare]
Wednesday, April 17, 12:33 PM
The big surge in health care stocks earlier this month just prior to the government's decision on Medicare Advantage rates may have been due to an email to sent by a former top congressional aide who now happens to be an outside lobbyist for Humana (HUM -1.9%). The email, which is now subject to an SEC probe, was sent to a Washington investment-research firm and circulated to clients just minutes before the close of trading, saying that "credible sources" had told them a decision had been made to restore the payments.
4 Comments[Healthcare]
Monday, April 1, 4:08 PM
Health insurers surge into the close as the final notice on Medicare Advantage reimbursement is due today: Humana (HUM +8.6%), UnitedHealth (UNH +3.1%), Wellcare Healthplans (WCG +3.9%), Coventry Health (CVH +1%) Centene (CNC +1%) and Aetna (AET +2.5%).
Comment![Healthcare, On the Move]
Thursday, March 14, 11:20 AM
Medicaid insurer Centene (CNC -1.2%) slips after JPMorgan cut the shares to Neutral, citing concerns over the impact of the health-care overhaul on the managed-care sector. The firm says that Medicaid expansion offers growth opportunities for companies like CNC, but its scope remains in doubt. Its estimates now discount new membership for seven of the company's 16 states, where opposition from lawmakers is making expansion uncertain.
Comment![Healthcare, On the Move]
Tuesday, February 5, 8:21 AM
More on Centene (CNC) Q4: net profit plunges 70% to $9.1M even though revs jumped 59%, with the bottom line suffering from the earlier-than-usual flu season in the U.S., as well because of a weak performance by Centene's Medicaid contracts in Texas and Kentucky. Membership +41% to 2.56M, health benefits ratio 91.3% vs 85.9%, cost of flu $0.30 higher in 2011. Reiterates FY guidance for EPS of $2.60-2.90 vs consensus of $2.70, and forecasts revenues of $9.7-10B vs $10.32B. (PR)
Comment![Healthcare, Earnings]
Monday, January 14, 9:15 AM
Centene (CNC) agrees to buy AcariaHealth from Enhanced Equity Funds for $152M, in a move that expands CNC's specialized pharmacy benefit services for such complex diseases as hepatitis C, hemophilia, multiple sclerosis, rheumatoid arthritis and oncology.
Comment![Healthcare, M&A]
Friday, December 14, 2012, 8:25 AM
Centene (CNC) -4% premarket after cutting its view for the current year, seeing EPS of $0.10-$0.20 vs. prior guidance of $0.56-$0.66. The Medicaid insurer blames its lower view on higher medical costs associated with an earlier and more intensive flu season in its largest markets. Sees FY 2013 EPS in-line.
Comment![Healthcare, On the Move]
Wednesday, November 7, 2012, 2:05 PM
Medicare and Medicaid insurers are joining the Obamacare re-election party as well, as the legislation ensures dollars will continue flowing to their companies. Centene (CNC +10%), WellCare (WCG +2.7%) and Molina Healthcare (MOH +2.9) all gain ground.
1 Comment[Healthcare, U.S. Economy, On the Move]
Tuesday, October 23, 2012, 2:05 PM
Centene (CNC +0.6%) holds up today in spite of posting a mixed Q3 report that missed on the top line. Net earnings fell 87% Y/Y as higher medical costs masked better-than-expected revenue growth. Last week, the medicaid insurer said it planned to exit the Kentucky market because it couldn't resolve differences with the state over high-cost issues, but today investors appear to be more focused on the company's cost-cutting efforts going forward than the earnings-squeezing mess the high cost environment created in 3Q.
Comment![Healthcare, Earnings, On the Move]
Tuesday, October 23, 2012, 6:12 AMCentene (CNC): Q3 EPS of $0.78 beats by $0.36. Revenue of $2.2B misses by $30M. (PR)
Comment![Earnings, Healthcare]
Monday, August 20, 2012, 12:03 PM
Shares of Medicare and diversified health management companies drift lower on the back of the Aetna/Coventry deal: Health Net (HNT -1%), Molina Healthcare (MOH -1.8%), Magellan Health Services (MGLN -1%). Centene (CNC -5.8%) is getting particularly hard hit, because the managed care company could lose premium as no clear buyers of this government payer exist.
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Tuesday, July 24, 2012, 1:19 PM
Centene (CNC) +7.2% despite swinging to a Q2 loss of $35M from a profit of $28.4M a year earlier, EPS missing expectations, and an increased medical-loss ratio of 92.9%. However, the company forecast it would return to profit in Q3 and it maintained its FY EPS outlook.
Comment![Earnings, Healthcare, On the Move]
Michael Bryant "Key beneficiaries" in health insurance are UNH, Aetna (AET), WellPoint (WLP), Humana (HUM), Centene (CNC), Amerigroup (WLP), & Molina (MOH)
Michael Bryant Pioneer Natural (PXD), Michael Kors (KORS), Discovery Comm (DISCK), Centene (CNC), & Express Scripts (ESRX) rose Friday on unusual volume.
3/30/12
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Michael Bryant Express Scripts (ESRX), Centene (CNC), BB&T (BBT), Red Robin Gourmet Burgers (RRGB), & Equinix (EQIX) rose Wednesday on unusual volume.
3/29/12
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Michael Bryant Mellanox Technologies (MLNX), Radware (RDWR), Francesca's Holdings (FRAN), Centene (CNC), & Garmin (GRMN) rose Monday on unusual volume.
Michael Bryant "Key beneficiaries" in health insurance are UNH, Aetna (AET), WellPoint (WLP), Humana (HUM), Centene (CNC), Amerigroup (WLP), & Molina (MOH)