Wall Street analysts will be watching closely when Centene Corporation (NYSE:CNC) reports its quarterly earnings next, which is scheduled for Tue 23 Apr (In 40 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.34 per share. In the preceding quarter, the company reportedly generated EPS of $0.69 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 2.40%, a profit margin of 1.50%.
Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Centene Corporation (NYSE:CNC). Most recently, on January 14th, 2019, Stephens Initiated a Overweight rating. Before that, on October 24th, 2018, Leerink Partners Upgrade to Outperform. Citigroup Resumed a Neutral rating on July 18th, 2018, Jefferies Reiterated an Buy rating on December 18th, 2017, and Leerink Partners Reiterated a Mkt Perform rating on September 13th, 2017.
At its current price point, combined with the fact that this company has 412.22M shares outstanding, the current market capitalization sits at 24.48B. In the last trading day, 2,632,628 shares of Centene Corporation were traded, which compares to its usual volume of about 3.64M shares per day of trading.
If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $2.95 in the past five trading days, resulting in a percentage change of +5.23% and a moving average of 58.33. In the past 20 days, its price changed by -$4.31 (which is -6.77%) and the stock’s moving average was 60.98. Looking back a full 50 days, shares of CNC changed by $1.73 (which is +3.00%) and demonstrated a moving average of 61.59.
Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 52.49%, a 14-day Stochastic %K score of 37.69% and a 20-day Stochastic %K score of 34.59%. Using a similar metric, Centene Corporation (CNC) shares showed a Stochastic %D of 37.52% over the past 9 days, a Stochastic %D score of 27.79% over the last 14 days, and a 20-day Stochastic %D of 26.14%. Meanwhile, this stock’s MACD Oscillator was 1.26 over the past 9 days, -0.32 over the past two weeks, and -1.77 in the last 20 days.
As recent trading data suggests, this company’s shares have been hovering close to the $59.38 level. Over the past 12 months, this stock has experienced a high price of $74.49 and a low of $50.00. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.
The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Centene Corporation (NYSE:CNC) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 40,953,096 shares of the company’s stock following the addition of 797,960 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 9.91% stake in Centene Corporation (CNC)’s shares.
Just in the most recent trading day, Centene Corporation (NYSE:CNC) experienced a high price of $60.3 and low point of $59.245. At the end of the last trading session, this stock was at 59.38 per share, following a loss of -$0.1, or -1.00% during the full day.