Centene (CNC) Tops Q1 EPS by 7c

Centene (NYSE: CNC) reported Q1 EPS of $1.12, $0.07 better than the analyst estimate of $1.05. Revenue for the quarter came in at $11.72 billion versus the consensus estimate of $11.42 billion.

First Quarter Highlights

• March 31, 2017 managed care membership of 12.1 million, an increase of 605,000 members, or 5% over 2016.
• Total revenues for the first quarter of 2017 of $11.7 billion, representing 69% growth, compared to the first quarter of 2016.
• Health benefits ratio (HBR) of 87.6% for the first quarter of 2017, compared to 88.7% in the first quarter of 2016.
• SG&A expense ratio of 9.8% for the first quarter of 2017, compared to 11.3% for the first quarter of 2016.
• SG&A expense ratio excluding the Penn Treaty assessment and Health Net acquisition related expenses of 9.3% for the first quarter of 2017, compared to 8.3% for the first quarter of 2016.
• Operating cash flow of $1.2 billion for the first quarter of 2017.
• Diluted EPS for the first quarter of 2017 of $0.79, compared to $(0.12) for the first quarter of 2016.
• Adjusted Diluted EPS for the first quarter of 2017 of $1.12, compared to $0.74 for the first quarter of 2016.

For earnings history and earnings-related data on Centene (CNC) click here.

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