Wellcare Health Plans (WCG) to Release Earnings on Friday
Wellcare Health Plans (NYSE:WCG) is scheduled to release its earnings data on Friday, November 1st. Wellcare Health Plans has set its FY13 guidance at $4.70-4.90 EPS.Investors interested in listening to the company’s conference call can do so using this link.
Wellcare Health Plans (NYSE:WCG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $1.34. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts expect Wellcare Health Plans to post $4.91 EPS for the current fiscal year and $5.51 EPS for the next fiscal year.
Wellcare Health Plans (NYSE:WCG) opened at 66.23 on Thursday. Wellcare Health Plans has a 1-year low of $44.75 and a 1-year high of $69.14. The stock has a 50-day moving average of $69.73 and a 200-day moving average of $61.45. The company has a market cap of $2.884 billion and a price-to-earnings ratio of 18.97.
A number of research firms have recently commented on WCG. Analysts at Jefferies Group reiterated a “hold” rating on shares of Wellcare Health Plans in a research note to investors on Wednesday, October 16th. They now have a $72.00 price target on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Wellcare Health Plans from $66.00 to $74.00 in a research note to investors on Wednesday, October 16th. They now have a “hold” rating on the stock. Finally, analysts at Susquehanna reiterated a “positive” rating on shares of Wellcare Health Plans in a research note to investors on Wednesday, October 9th. They now have a $83.00 price target on the stock, up previously from $75.00. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $74.71.
WellCare Health Plans, Inc (NYSE:WCG) provides managed care services to government-sponsored health care programs.
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