Brokers Set Expectations for WellCare Health Plans, Inc.’s Q1 2018 Earnings (WCG)

WellCare Health Plans, Inc. (NYSE:WCG) – Analysts at Leerink Swann issued their Q1 2018 earnings estimates for shares of WellCare Health Plans in a research note issued 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.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.11. WellCare Health Plans had a net margin of 2.20% and a return on equity of 17.10%. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year.

WCG has been the subject of a number of other reports. BMO Capital Markets began coverage on shares of WellCare Health Plans in a research note on Monday, October 16th. They set an “outperform” rating and a $215.00 price target for the company. Deutsche Bank boosted their price objective on shares of WellCare Health Plans to $240.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research cut shares of WellCare Health Plans from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $235.00 price objective on shares of WellCare Health Plans in a research report on Monday, December 18th. Finally, Goldman Sachs Group began coverage on shares of WellCare Health Plans in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $255.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $213.93.

WellCare Health Plans (NYSE:WCG) opened at $195.04 on Thursday. WellCare Health Plans has a 52 week low of $136.23 and a 52 week high of $221.75. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The company has a market cap of $8,710.64, a PE ratio of 22.94, a P/E/G ratio of 1.39 and a beta of 0.82.

Several large investors have recently bought and sold shares of the company. Advisory Services Network LLC raised its holdings in shares of WellCare Health Plans by 8.4% in 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 in the last quarter. Comerica Bank raised its holdings in shares of WellCare Health Plans by 0.7% in the 4th quarter. Comerica Bank now owns 35,069 shares of the company’s stock valued at $7,567,000 after purchasing an additional 239 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of WellCare Health Plans by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,315 shares of the company’s stock valued at $2,391,000 after purchasing an additional 255 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of WellCare Health Plans by 3.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 9,735 shares of the company’s stock valued at $1,958,000 after purchasing an additional 284 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of WellCare Health Plans by 3.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,816 shares of the company’s stock valued at $1,858,000 after purchasing an additional 334 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brokers Set Expectations for WellCare Health Plans, Inc.’s Q1 2018 Earnings (WCG)” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/08/brokers-set-expectations-for-wellcare-health-plans-inc-s-q1-2018-earnings-wcg.html.

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)

Receive News & Ratings for WellCare Health Plans Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WellCare Health Plans and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply