WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid. The Medicare Health Plans segment provides Medicare, a federal program that provides eligible persons aged 65 and over, as well as some disabled persons with a range of hospital, medical, and prescription drug benefits; Medicare Advantage, a Medicare's managed care alternative to the original Medicare program, which offers individuals standard Medicare benefits directly through Centers for Medicare & Medicaid Services; and coordinated care plans that are administered through health maintenance organizations and require members to seek health care services and select a primary care physician from a network of health care providers. The Medicare PDPs segment provides Medicare part D PDP plans to Medicare-eligible beneficiaries. Its PDP plans offer national in-network prescription drug coverage, including a preferred pharmacy network. As of December 31, 2017, the company served approximately 4.4 million members in 50 states and the District of Columbia. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.
Industry, Sector and Symbol
Industry Hospital & medical service plans
Sub-IndustryManaged Health Care
SectorMedical
SymbolNYSE:WCG
CUSIP94946T10
Phone813-290-6200
Debt
Debt-to-Equity Ratio0.47
Current Ratio1.26
Quick Ratio1.26
Price-To-Earnings
Trailing P/E Ratio28.03
Forward P/E Ratio23.27
P/E Growth1.6
Sales & Book Value
Annual Sales$17.01 billion
Price / Sales0.63
Cash Flow$11.2741 per share
Price / Cash21.20
Book Value$54.28 per share
Price / Book4.40
Profitability
EPS (Most Recent Fiscal Year)$8.52
Net Income$373.70 million
Net Margins2.31%
Return on Equity17.99%
Return on Assets4.74%
Miscellaneous
Employees8,900
Outstanding Shares44,760,000
WellCare Health Plans (NYSE:WCG) Frequently Asked Questions
What is WellCare Health Plans' stock symbol?
WellCare Health Plans trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCG."
How were WellCare Health Plans' earnings last quarter?
WellCare Health Plans, Inc. (NYSE:WCG) issued its earnings results on Tuesday, May, 1st. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.95 by $0.52. The firm had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.70 billion. WellCare Health Plans had a return on equity of 17.99% and a net margin of 2.31%. The business's revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. View WellCare Health Plans' Earnings History.
When is WellCare Health Plans' next earnings date?
What guidance has WellCare Health Plans issued on next quarter's earnings?
WellCare Health Plans updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share guidance of $10.00-10.30 for the period, compared to the Thomson Reuters consensus estimate of $9.82. The company issued revenue guidance of $18.3-18.8 billion, compared to the consensus revenue estimate of $18.78 billion.
What price target have analysts set for WCG?
15 analysts have issued 12 month target prices for WellCare Health Plans' shares. Their forecasts range from $163.00 to $300.00. On average, they expect WellCare Health Plans' stock price to reach $238.8667 in the next twelve months. View Analyst Ratings for WellCare Health Plans.
What are Wall Street analysts saying about WellCare Health Plans stock?
Here are some recent quotes from research analysts about WellCare Health Plans stock:
- 1. According to Zacks Investment Research, "WellCare Health’s healthy balance sheet continues to support its operational excellence. The company has also been witnessing revenue growth over the last six years. Following the strong 2017 results, the company raised its guidance for 2018. The company has seen the Zacks Consensus Estimate for 2018 earnings being revised upward in the past 60 days. Although its shares have slightly underperformed the industry in a year’s time, the company’s solid fundamentals are likely to provide further support. However, its rising level of debt hurts the bottom line. Continuous increase in the total expenses also weighs on the margins. The company will release first quarter 2018 results on May 1, 2018." (4/13/2018)
- 2. Cantor Fitzgerald analysts commented, "4Q17 results were solid. Revenue of $4.3 billion was in line with FactSet consensus and our estimate. Favorable prior-year development was $19.6 million. The results included $45.6 million, or $0.64 per share, premium deficiency reserve associated with the company’s new Illinois Medicaid contract. The Illinois PDR was partially offset by continued organic growth and the company’s acquisitions of Universal American, Care 1st Arizona and assets of Phoenix Health Plan. MLR of 88.5% increased 100bps y/y, reflecting the HIF suspension, the effect of Illinois PDR and the acquisition of Universal American. Adjusted EPS of $0.32 were well above consensus of $0.19 and our $0.14 estimate. Due to its focus on profitability, WCG’s net margin improved to 2.25% from 1.9% in 2016. Total membership stood at approximately 4.37 million members. Medicaid membership increased to over 2.7 million people, representing growth of 7% y/y. Medicare organic membership growth was 9% y/y. Management expects mid-single-digit growth in Medicare in 2018." (2/6/2018)
Who are some of WellCare Health Plans' key competitors?
Who are WellCare Health Plans' key executives?
WellCare Health Plans' management team includes the folowing people:
- Mr. Kenneth Alan Burdick, CEO & Director (Age 59)
- Mr. Andrew Lynn Asher, Exec. VP & CFO (Age 49)
- Mr. Michael Robert Polen, Exec. VP of Medicare & Operations (Age 38)
- Ms. Kelly Ann Munson, Exec. VP of Medicaid (Age 46)
- Mr. Michael Paul Radu, Exec. VP of Clinical Operations & Bus. Devel. (Age 50)
Has WellCare Health Plans been receiving favorable news coverage?
News stories about WCG stock have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WellCare Health Plans earned a daily sentiment score of 0.11 on Accern's scale. They also assigned headlines about the company an impact score of 46.47 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are WellCare Health Plans' major shareholders?
WellCare Health Plans' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BLACKROCK INC. (10.20%), BlackRock Inc. (10.17%), JPMorgan Chase & Co. (2.46%), American Century Companies Inc. (2.33%), Millennium Management LLC (1.35%) and Russell Investments Group Ltd. (0.92%). Company insiders that own WellCare Health Plans stock include Andrew Lynn Asher, Carol Burt, Darren Ghanayem, Glenn Md Phd Steele Jr, Kelly A Munson, Kenneth A Burdick, Kevin F Hickey, Michael Robert Polen, Michael Troy Meyer, Paul E Weaver, Roel C Campos and Yount Michael. View Institutional Ownership Trends for WellCare Health Plans.
Which institutional investors are selling WellCare Health Plans stock?
WCG stock was sold by a variety of institutional investors in the last quarter, including Natixis, Prudential Financial Inc., JPMorgan Chase & Co., Wedge Capital Management L L P NC, Fort L.P., Schwab Charles Investment Management Inc., Dimensional Fund Advisors LP and Massachusetts Financial Services Co. MA. Company insiders that have sold WellCare Health Plans company stock in the last year include Carol Burt, Glenn Md Phd Steele Jr and Kenneth A Burdick. View Insider Buying and Selling for WellCare Health Plans.
Which institutional investors are buying WellCare Health Plans stock?
WCG stock was bought by a variety of institutional investors in the last quarter, including American Century Companies Inc., BlackRock Inc., Millennium Management LLC, Caisse DE Depot ET Placement DU Quebec, Redmile Group LLC, Mackay Shields LLC, OppenheimerFunds Inc. and Point72 Asset Management L.P.. View Insider Buying and Selling for WellCare Health Plans.
How do I buy shares of WellCare Health Plans?
Shares of WCG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is WellCare Health Plans' stock price today?
One share of WCG stock can currently be purchased for approximately $239.01.
How big of a company is WellCare Health Plans?
WellCare Health Plans has a market capitalization of $10.73 billion and generates $17.01 billion in revenue each year. The company earns $373.70 million in net income (profit) each year or $8.52 on an earnings per share basis. WellCare Health Plans employs 8,900 workers across the globe.
How can I contact WellCare Health Plans?
WellCare Health Plans' mailing address is 8735 HENDERSON ROAD RENAISSANCE ONE, TAMPA FL, 33634. The company can be reached via phone at 813-290-6200 or via email at [email protected]
MarketBeat Community Rating for WellCare Health Plans (WCG)
MarketBeat's community ratings are surveys of what our community members think about WellCare Health Plans and other stocks. Vote "Outperform" if you believe WCG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WCG will underperform the S&P 500 over the long term. You may vote once every thirty days.
