|Bid||224.05 x 200|
|Ask||237.11 x 100|
|Day's Range||234.34 - 236.91|
|52 Week Range||163.50 - 243.74|
|PE Ratio (TTM)||23.94|
|Earnings Date||Aug 2, 2017|
|Dividend & Yield||1.38 (0.58%)|
|1y Target Est||245.78|
Centene Corp's quarterly profit and revenue topped estimates and the health insurer raised its full-year profit forecast as it benefits from a strong Obamacare business, in sharp contrast to other struggling large-cap insurers. The company's results come a week after President Donald Trump and Republicans revised attempts to dismantle former President Barack Obama's Affordable Care Act (ACA), commonly known as Obamacare, collapsed in the U.S. Senate. On Monday, President Trump made a last-ditch plea to U.S. Senate Republicans to "do the right thing" and fulfill campaign promises to repeal and replace Obamacare.
We enter another week without a win on the pillars of Trumponomics (health care reform, tax reform, deregulation, infrastructure, repatriation). Can stick to the economy this week and avoid the getting pulled into the media narratives?
Centene's (CNC) second-quarter earnings are likely to be driven by Health Net buyout. However, surging level of SG&A expenses might put pressure on the bottom line.