Q1 2018 Earnings Estimate for WellCare Health Plans, Inc. (WCG) Issued By Leerink Swann

WellCare Health Plans, Inc. (NYSE:WCG) – Equities research analysts at Leerink Swann issued their Q1 2018 earnings per share (EPS) estimates for WellCare Health Plans in a report released on Wednesday. Leerink Swann analyst A. Gupte forecasts that the company will post earnings of $2.17 per share for the quarter. Leerink Swann also issued estimates for WellCare Health Plans’ Q2 2018 earnings at $2.73 EPS, Q3 2018 earnings at $3.47 EPS and Q4 2018 earnings at $1.62 EPS.

Several other research firms have also recently commented on WCG. Goldman Sachs Group began coverage on shares of WellCare Health Plans in a research report on Wednesday, January 3rd. They set a “buy” rating and a $255.00 target price on the stock. Wells Fargo & Co reissued a “market perform” rating and set a $188.00 target price (up previously from $175.00) on shares of WellCare Health Plans in a report on Wednesday, November 1st. ValuEngine cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. BMO Capital Markets started coverage on shares of WellCare Health Plans in a report on Monday, October 16th. They set an “outperform” rating and a $215.00 target price on the stock. Finally, Cowen restated an “outperform” rating and set a $250.00 price target on shares of WellCare Health Plans in a research report on Tuesday, January 23rd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. WellCare Health Plans currently has an average rating of “Buy” and a consensus target price of $218.21.

WellCare Health Plans (NYSE:WCG) opened at $193.69 on Thursday. WellCare Health Plans has a 12 month low of $136.23 and a 12 month high of $221.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.31. The stock has a market capitalization of $8,683.76, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.26 and a beta of 0.82.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, February 6th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.11. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.32 billion. WellCare Health Plans had a return on equity of 17.10% and a net margin of 2.20%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of WellCare Health Plans by 0.6% during the fourth quarter. BlackRock Inc. now owns 4,271,908 shares of the company’s stock valued at $859,121,000 after acquiring an additional 25,516 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of WellCare Health Plans by 5.3% during the fourth quarter. Acadian Asset Management LLC now owns 1,597,827 shares of the company’s stock valued at $321,339,000 after acquiring an additional 80,960 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of WellCare Health Plans by 44.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,035,902 shares of the company’s stock valued at $208,331,000 after acquiring an additional 318,631 shares during the last quarter. American Century Companies Inc. raised its stake in shares of WellCare Health Plans by 60.1% during the third quarter. American Century Companies Inc. now owns 594,925 shares of the company’s stock valued at $102,172,000 after acquiring an additional 223,364 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of WellCare Health Plans by 7.3% during the third quarter. Russell Investments Group Ltd. now owns 533,384 shares of the company’s stock valued at $91,603,000 after acquiring an additional 36,198 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

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WellCare Health Plans Company Profile

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)

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