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CNC / Centene: Results Impress But Buyers Aren't Swarming Yet

Centene: Results Impress But Buyers Aren't Swarming Yet
Centene Corporation's share price has been declining, but with a p/e of 10, there seems to be a limited downside. The company has grown its memberships by 7% YoY, reaching 28.4 million in total. The company recently completed the divestiture of Apixio, aiming for a leaner company structure. The Q2 FY2023 report is expected to show an EPS of $2.03 per share, a 14.6% YoY growth. Centene has over $15 billion in cash and is expected to authorize significant buybacks. Read More
Posted: Jul 26 2023, 21:44
Author Name: Seeking Alpha
Views: 110634

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By Zacks Investment Research
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By Zacks Investment Research
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