WellCare Health Plans (WCG) Updates FY17 Earnings Guidance

WellCare Health Plans (NYSE:WCG) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $8.25-8.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.34. WellCare Health Plans also updated its FY18 guidance to $8.40-8.65 EPS.

Several brokerages have issued reports on WCG. Cantor Fitzgerald reaffirmed a buy rating and set a $235.00 target price on shares of WellCare Health Plans in a research note on Monday. ValuEngine cut shares of WellCare Health Plans from a buy rating to a hold rating in a research note on Tuesday. Zacks Investment Research raised shares of WellCare Health Plans from a hold rating to a buy rating and set a $221.00 target price on the stock in a research note on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a buy rating and set a $214.00 target price on shares of WellCare Health Plans in a research note on Wednesday, November 1st. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of WellCare Health Plans in a research note on Thursday, September 21st. They set an overweight rating and a $204.00 target price on the stock. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $202.87.

Shares of WellCare Health Plans (WCG) opened at $193.69 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $8,973.41, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. WellCare Health Plans has a one year low of $133.21 and a one year high of $213.97.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $4.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $2.18. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.37 billion. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. sell-side analysts anticipate that WellCare Health Plans will post 8.44 EPS for the current fiscal year.

In related news, Director Carol Burt sold 997 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total transaction of $201,593.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “WellCare Health Plans (WCG) Updates FY17 Earnings Guidance” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://sportsperspectives.com/2017/12/19/wellcare-health-plans-wcg-updates-fy17-earnings-guidance.html.

About WellCare Health Plans

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

Earnings History and Estimates for WellCare Health Plans (NYSE:WCG)

Receive News & Ratings for WellCare Health Plans Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WellCare Health Plans and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply