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
Stock Exchange NYSE
Industry Hospital & medical service plans
Sub-IndustryManaged Health Care
SectorMedical
SymbolNYSE:WCG
CUSIP94946T10
Phone813-290-6200
Debt
Debt-to-Equity Ratio0.44
Current Ratio1.27
Quick Ratio1.27
Price-To-Earnings
Trailing P/E Ratio34.59
Forward P/E Ratio27.09
P/E Growth1.78
Sales & Book Value
Annual Sales$17.01 billion
Price / Sales0.78
Cash Flow$11.6222 per share
Price / Cash25.36
Book Value$54.28 per share
Price / Book5.43
Profitability
EPS (Most Recent Fiscal Year)$8.52
Net Income$373.70 million
Net Margins2.69%
Return on Equity19.20%
Return on Assets5.11%
Miscellaneous
Employees8,900
Outstanding Shares44,770,000
Market Cap$12.84 billion
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) announced its quarterly earnings results on Tuesday, July, 31st. The company reported $3.69 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.03 by $0.66. The firm earned $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. WellCare Health Plans had a return on equity of 19.20% and a net margin of 2.69%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 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, July, 31st. The company provided earnings per share guidance of $10.70-10.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.30. The company issued revenue guidance of $18.39-18.894 billion, compared to the consensus revenue estimate of $18.60 billion.
What price target have analysts set for WCG?
16 analysts have issued 1 year price targets for WellCare Health Plans' shares. Their forecasts range from $204.00 to $315.00. On average, they anticipate WellCare Health Plans' share price to reach $266.25 in the next twelve months. This suggests that the stock has a possible downside of 9.7%. View Analyst Price Targets for WellCare Health Plans.
What is the consensus analysts' recommendation for WellCare Health Plans?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WellCare Health Plans in the last year. There are currently 2 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 shares have outperformed its industry’s growth in the past year. Moreover, the company has also witnessed its 2019 estimates move upward over the last 30 days. The company’s solid performance is driven by the Medicaid, Medicare Health Plans and Medicare Prescription Drug Plans segments. Strong organic growth and prudent acquisitions have been driving the premium revenues higher. The acquisition of Meridian Health Plans of Michigan and Illinois and MeridianRx will help the company be the top-most Medicaid provider in those states. Healthy balance sheet continues to support its operational excellence. However, its rising level of debt hurts the bottom line. A continuous increase in total expenses also weighs on its margins." (7/26/2018)
- 2. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight investment rating on WCG shares and increase our price target to $275 from $235. We have included the pending Meridian acquisition (announced in late May) into our 2019 estimates and our DCF- based price target. At the time of the acquisition announcement, WCG indicated that it expects EPS accretion of about $0.40-0.50 in 2019. We have assumed the acquisition closes at the end of 2018. in our DCF model, increased debt and higher shares outstanding, our price target increases to $275. In our view, the Meridian acquisition makes sense strategically and financially. We continue to rate the shares of WCG at Overweight." (7/5/2018)
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?
Media headlines about WCG stock have trended positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. 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 news and rumor sentiment score of 0.28 on Accern's scale. They also gave headlines about the company an impact score of 48.98 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for WellCare Health Plans.
Who are WellCare Health Plans' major shareholders?
WellCare Health Plans' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.91%), Acadian Asset Management LLC (3.69%), Renaissance Technologies LLC (3.11%), American Century Companies Inc. (2.99%), Bank of New York Mellon Corp (2.41%) and Millennium Management LLC (1.17%). 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 major investors are selling WellCare Health Plans stock?
WCG stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Caisse DE Depot ET Placement DU Quebec, BlackRock Inc., Canada Pension Plan Investment Board, Russell Investments Group Ltd., Millennium Management LLC, Point72 Asset Management L.P. and Janus Henderson Group PLC. Company insiders that have sold WellCare Health Plans company stock in the last year include Carol Burt and Kenneth A Burdick. View Insider Buying and Selling for WellCare Health Plans.
Which major 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., Smith Asset Management Group LP, Boston Advisors LLC, First Trust Advisors LP, Marshall Wace LLP, Hood River Capital Management LLC, OppenheimerFunds Inc. and Natixis. 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 $294.74.
How big of a company is WellCare Health Plans?
WellCare Health Plans has a market capitalization of $12.84 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 (NYSE 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.
