Notable News to Watch: Centene Corporation (NYSE:CNC)

Centene Corporation (NYSE:CNC)spotted trading -12.41% off 52-week high price. On the other end, the stock has been noted 44.43% away from the low price over the last 52-weeks. The stock changed 10.11% to recent value of $60.12. The stock transacted 4361869 shares during most recent day however it has an average volume of 6.60M shares. The company has 605.73M of outstanding shares and 575.77M shares were floated in the market.

On April 6, 2020, Centene Corporation (NYSE:CNC) released that it is establishing a Medical Reserve Leave policy to support clinical staff who want to join a medical reserve force and serve their communities, during the COVID-19 pandemic. The policy will support clinical staff by providing paid leave and benefits for up to three months of volunteer service.

Our employees have a deep commitment to take care of their communities in times of need and we will always support their passion to serve, said Michael Neidorff, Chairman, President and CEO of Centene. Our medical reserve leave policy will ensure our clinical staff are paid and that their benefits are protected during their time of service.

If an employee decides to take advantage of the medical reserve leave benefit, they will:

  • Maintain pay in accordance with the number of hours regularly scheduled to work;
  • Maintain enrolled benefit coverage as an active employee;
  • Continue to accrue paid time off; and
  • Maintain eligibility for holiday pay for any holidays that occur during the time of service.

Its earnings per share (EPS) expected to touch remained 39.10% for this year while earning per share for the next 5-years is expected to reach at 13.63%. CNC has a gross margin of 17.80% and an operating margin of 2.30% while its profit margin remained 1.80% for the last 12 months.

According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 8.75% from the mean of 20 days, 1.36% from mean of 50 days SMA and performed 10.36% from mean of 200 days price. Company’s performance for the week was 4.18%, 2.66% for month and YTD performance remained -4.37%.