WellCare Health Plans, Inc. (NYSE:WCG) – Research analysts at Leerink Swann increased their FY2017 earnings estimates for shares of WellCare Health Plans in a report released on Friday. Leerink Swann analyst A. Gupte now anticipates that the company will post earnings per share of $8.45 for the year, up from their previous forecast of $8.40.

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

Several other brokerages have also recently weighed in on WCG. Goldman Sachs Group initiated coverage on shares of WellCare Health Plans in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $255.00 price objective for the company. Zacks Investment Research cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Wells Fargo & Co reiterated a “market perform” rating and issued a $188.00 price objective (up previously from $175.00) on shares of WellCare Health Plans in a research note on Wednesday, November 1st. ValuEngine cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets initiated coverage on shares of WellCare Health Plans in a research note on Monday, October 16th. They issued an “outperform” rating and a $215.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $210.07.

Shares of WellCare Health Plans (NYSE:WCG) opened at $211.47 on Monday. WellCare Health Plans has a 12 month low of $136.23 and a 12 month high of $213.97. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.51. The firm has a market cap of $9,415.07, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82.

Several institutional investors have recently made changes to their positions in WCG. Fuller & Thaler Asset Management Inc. bought a new stake in shares of WellCare Health Plans during the 3rd quarter valued at approximately $103,000. Advisory Services Network LLC grew its holdings in shares of WellCare Health Plans by 8.4% during the 2nd quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock valued at $155,000 after purchasing an additional 67 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of WellCare Health Plans by 29.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,318 shares of the company’s stock valued at $237,000 after purchasing an additional 299 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of WellCare Health Plans during the 2nd quarter valued at approximately $307,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of WellCare Health Plans by 2,075.0% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 1,740 shares of the company’s stock valued at $312,000 after purchasing an additional 1,660 shares during the last quarter. 99.74% of the stock is currently owned by institutional investors.

In other WellCare Health Plans news, Director Carol Burt sold 997 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

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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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