Wall Street analysts expect WellCare Health Plans, Inc. (NYSE:WCG) to post $4.31 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for WellCare Health Plans’ earnings. The highest sales estimate is $4.35 billion and the lowest is $4.25 billion. WellCare Health Plans reported sales of $3.52 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.4%. The company is expected to issue its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that WellCare Health Plans will report full year sales of $4.31 billion for the current financial year, with estimates ranging from $16.75 billion to $17.01 billion. For the next financial year, analysts anticipate that the firm will post sales of $18.66 billion per share, with estimates ranging from $18.22 billion to $19.05 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover WellCare Health Plans.

WellCare Health Plans (NYSE:WCG) last released its earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, topping the consensus estimate of $1.90 by $2.18. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The firm’s revenue was up 22.8% on a year-over-year basis.

A number of equities research analysts have commented on WCG shares. Mitsubishi UFJ Financial Group started coverage on WellCare Health Plans in a research note on Thursday, September 21st. They issued an “overweight” rating and a $204.00 price objective for the company. ValuEngine cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen started coverage on WellCare Health Plans in a research note on Monday, October 9th. They issued an “outperform” rating and a $200.00 price objective for the company. Zacks Investment Research cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Jefferies Group raised their price objective on WellCare Health Plans from $189.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $206.13.

Shares of WellCare Health Plans (NYSE WCG) opened at $203.32 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.51. WellCare Health Plans has a one year low of $133.21 and a one year high of $213.97. The company has a market capitalization of $9,050.00, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82.

In related news, Director Carol Burt sold 997 shares of WellCare Health Plans stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total transaction of $201,593.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in WCG. Capital Research Global Investors purchased a new position in shares of WellCare Health Plans during the second quarter valued at approximately $170,042,000. Renaissance Technologies LLC boosted its position in shares of WellCare Health Plans by 37.7% during the second quarter. Renaissance Technologies LLC now owns 851,293 shares of the company’s stock valued at $152,858,000 after buying an additional 232,993 shares during the last quarter. American Century Companies Inc. boosted its position 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 buying an additional 223,364 shares during the last quarter. Janus Henderson Group PLC bought a new stake in WellCare Health Plans during the second quarter worth $30,078,000. Finally, FMR LLC lifted its holdings in WellCare Health Plans by 285.7% during the second quarter. FMR LLC now owns 211,664 shares of the company’s stock worth $38,007,000 after acquiring an additional 156,786 shares during the period. 99.74% of the stock is currently owned by institutional investors.

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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.

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

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