Jefferies Group Equities Analysts Decrease Earnings Estimates for WellCare Health Plans, Inc. (WCG)

WellCare Health Plans, Inc. (NYSE:WCG) – Equities research analysts at Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for WellCare Health Plans in a research note issued on Wednesday. Jefferies Group analyst D. Windley now expects that the company will earn $2.24 per share for the quarter, down from their previous estimate of $2.46. Jefferies Group currently has a “Hold” rating and a $210.00 target price on the stock. Jefferies Group also issued estimates for WellCare Health Plans’ Q2 2018 earnings at $2.86 EPS, Q3 2018 earnings at $3.69 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $9.83 EPS and FY2019 earnings at $11.51 EPS.

Other equities analysts have also recently issued research reports about the company. Piper Jaffray Companies reissued a “buy” rating and issued a $214.00 price objective on shares of WellCare Health Plans in a report on Wednesday, November 1st. Zacks Investment Research upgraded WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 price target for the company in a research note on Thursday, November 2nd. Cantor Fitzgerald restated a “buy” rating and issued a $235.00 price target on shares of WellCare Health Plans in a research note on Tuesday, February 6th. Cowen restated an “outperform” rating and issued a $250.00 price target on shares of WellCare Health Plans in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $188.00 price target (up previously from $175.00) on shares of WellCare Health Plans in a research note on Wednesday, November 1st. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. WellCare Health Plans has a consensus rating of “Buy” and a consensus price target of $218.21.

WellCare Health Plans (NYSE:WCG) opened at $193.69 on Friday. The stock has a market capitalization of $8,463.82, a PE ratio of 23.31, a PEG ratio of 1.21 and a beta of 0.82. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 0.49. WellCare Health Plans has a fifty-two week low of $136.23 and a fifty-two week high of $221.75.

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

Several institutional investors have recently made changes to their positions in WCG. Fuller & Thaler Asset Management Inc. purchased a new position in shares of WellCare Health Plans in the 3rd quarter valued at about $103,000. Advisory Services Network LLC increased its stake in WellCare Health Plans by 8.4% during the 2nd quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after buying an additional 67 shares in the last quarter. Bessemer Group Inc. increased its stake in WellCare Health Plans by 593.2% during the 4th quarter. Bessemer Group Inc. now owns 818 shares of the company’s stock worth $165,000 after buying an additional 700 shares in the last quarter. Matisse Capital purchased a new stake in WellCare Health Plans during the 4th quarter worth approximately $205,000. Finally, Highbridge Capital Management LLC purchased a new stake in WellCare Health Plans during the 3rd quarter worth approximately $311,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

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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)

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