Eye Catching News: Centene Corporation (NYSE:CNC)

Robert Cieslak

Centene Corporation (NYSE:CNC) changed 2.48% to recent value of $43.82. The stock transacted 4127942 shares during most recent day however it has an average volume of 4838.88K shares. It spotted trading -41.17% off 52-week high price. On the other end, the stock has been noted 5.27% away from the low price over the last 52-weeks.

 On Oct. 9, 2019, Centene Corporation (NYSE:CNC) released that Edmund Kroll, Senior Vice President, Finance & Investor Relations, has advised the company of his intention to retire, effective April 30, 2020.

Since joining Centene in May of 2007, Mr. Kroll has managed the company’s relationships and interactions with analysts and investors. He has also served as President and a Board member of the St. Louis chapter of NIRI (National Investor Relations Institute).

We appreciate Ed’s leadership in building and maintaining relationships with our investor community over the past 12 years, which was an important time in our growth as a diversified, multi-national healthcare enterprise, said Michael F. Neidorff, Chairman, President and CEO of Centene. Ed’s contributions have been invaluable to the organization, and we wish him well in his retirement.

The company expects to announce his replacement in the near future. From now until his retirement, Mr. Kroll will continue to lead Investor Relations for the company.

 CNC has a gross margin of 18.60% and an operating margin of 2.50% while its profit margin remained 1.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 13.50% for this year while earning per share for the next 5-years is expected to reach at 15.52%.

 The company has 410.38M of outstanding shares and 403.93M shares were floated in the market. According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.91% from the mean of 20 days, -5.74% from mean of 50 days SMA and performed -19.00% from mean of 200 days price. Company’s performance for the week was 2.55%, -7.38% for month and YTD performance remained -23.99%.

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