Published on 26 May 2024 on Simply Wall St. via Yahoo Finance
Declining Stock and Decent Financials: Is The Market Wrong About Centene Corporation (NYSE:CNC)?
Centene (NYSE:CNC) has had a rough three months with its share price down 7.0%. However, stock prices are usually driven by a company’s financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Centene's ROE in this article.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.