Molina Healthcare beats profit estimates aided by higher premiums [Yahoo! Finance]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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Source: Yahoo! Finance
The company also reaffirmed its 2024 outlook, with premium revenue of about $38 billion and adjusted earnings of at least $23.50 per diluted share. Wall Street analysts expect full-year earnings of $23.56 per share. Molina's quarterly medical cost ratio, the percentage of premiums paid out for medical services, was 88.5%, above LSEG estimates of 88.2%. The California-based health insurer's main business is Medicaid insurance, a joint federal and state government-run insurance program for low-income people. Molina served about 5.7 million people through its Medicaid plans as of March 31, an increase of 9% compared to previous year. The remaining members are enrolled in Medicare plans that Molina offers. Government-backed Medicare program helps cover medical costs for people aged 65 and older, or those with certain disabilities. The company's Medicaid membership rose to 5.1 million in the reported quarter, and Medicare membership rose to 258,000. Earlier this month, rivals
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News
- Alivi Health Appoints Shea Long as Chief Product Officer [Yahoo! Finance]Yahoo! Finance
- PureHealth reports $133.56m net profit for first quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- Health Insurance Market To Reach USD 5.9 Trillion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Cigna Group (CI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Centene Co. (NYSE: CNC) had its price target raised by analysts at Barclays PLC from $101.00 to $104.00. They now have an "overweight" rating on the stock.MarketBeat
CNC
Earnings
- 4/26/24 - Beat
CNC
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 8-K
- CNC's page on the SEC website