FBR Capital Reiterates Outperform on Centene (CNC) Following 2Q Beat and Raise
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Jefferies Cuts Price Target on Centene (CNC) to $82 Following 2Q EPS Beat
July 27, 2016 8:25 AM EDTJefferies maintained a Buy rating on Centene (NYSE: CNC), and cut the price target to $82.00 (from $89.00), following the company's 2Q earnings report. Adjusted EPS of $1.29 was $0.20 above consensus and included 19c of Exchange true-ups.
Analyst David Windley commented, "The PDR and reserve... More
Centene (CNC) Tops Q2 EPS by 20c; Updates FY16 Outlook
July 26, 2016 6:11 AM EDTCentene (NYSE: CNC) reported Q2 EPS of $1.29, $0.20 better than the analyst estimate of $1.09. Revenue for the quarter came in at $10.9 billion versus the consensus estimate of $10.79 billion.
GUIDANCE:
Centene sees FY2016 EPS of $4.20-$4.55, versus the consensus of $4.21. Centene sees... More
Trading Radar for 7/26: Apple (AAPL), McDonald's (MCD), 3M (MMM), Caterpillar (CAT), Verizon (VZ), [Conference Call] Under Armour (UA) Report
July 25, 2016 2:40 PM EDTAThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
9:00am EDT
Earnings:
3M Co. (NYSE: MMM) - consensus EPS $2.07
A.O. Smith (NYSE: AOS) - consensus EPS $0.91
AK Steel (NYSE: AKS) - consensus loss $0.04
Accuride (NYSE: ACW) - consensus EPS $0.04
Allegheny Technologies (NYSE: ATI) - consensus loss... More
U.S. government's bid to block insurance mergers could spawn new ones
July 22, 2016 7:24 PM EDTBy Carl O'Donnell and Caroline Humer
(Reuters) - The potential bust-up of two mega deals among Americas largest health insurance companies may have an unintended result - more mergers.
The U.S. Department of Justice on Thursday sued to block Aetna Inc's (NYSE: AET) $37 billion purchase of Humana Inc (NYSE: HUM) and Anthem Incs (NYSE: ANTM) proposed $54 billion buyout of Cigna Corp (NYSE: CI), arguing that they would cut competition and boost rates... More
