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 September 1, 2018, the company served approximately 5.5 million members worldwide. 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
Current SymbolNYSE:WCG
Previous Symbol
CUSIP94946T10
Phone813-290-6200
Debt
Debt-to-Equity Ratio0.51
Current Ratio1.32
Quick Ratio1.32
Price-To-Earnings
Trailing P/E Ratio28.03
Forward P/E Ratio21.69
P/E Growth1.33
Sales & Book Value
Annual Sales$17.01 billion
Price / Sales0.70
Cash Flow$11.3092 per share
Price / Cash Flow21.12
Book Value$54.28 per share
Price / Book4.40
Profitability
EPS (Most Recent Fiscal Year)$8.52
Net Income$373.70 million
Net Margins2.38%
Return on Equity15.45%
Return on Assets4.47%
Miscellaneous
Employees8,900
Outstanding Shares49,990,000
Market Cap$11.94 billion
OptionableOptionable
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) posted its quarterly earnings data on Tuesday, October, 30th. The company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.24. The firm had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $5.06 billion. WellCare Health Plans had a net margin of 2.38% and a return on equity of 15.45%. The company's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.08 EPS. 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, October, 30th. The company provided earnings per share (EPS) guidance of $10.90-11.00 for the period, compared to the Thomson Reuters consensus estimate of $10.87. The company issued revenue guidance of $20-20.3 billion, compared to the consensus revenue estimate of $20.00 billion.WellCare Health Plans also updated its FY 2018 guidance to $10.90-11.00 EPS.
What price target have analysts set for WCG?
14 Wall Street analysts have issued 1-year price targets for WellCare Health Plans' stock. Their forecasts range from $250.00 to $365.00. On average, they expect WellCare Health Plans' stock price to reach $305.9286 in the next year. This suggests a possible upside of 28.1% from the stock's current price. View Analyst Price Targets for WellCare Health Plans.
What is the consensus analysts' recommendation for WellCare Health Plans?
14 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 12 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. Cantor Fitzgerald analysts commented, ". We are reiterating our Overweight rating on WCG shares and our 12-month price parget remains at $330. the company reported 3Q18 results. Adjusted revenue grew 13.3% y/y driven in part by the Meridian acquisition (1 month contribution). Revenue was essentially in- line with our estimate and FactSet consensus. Membership was also inline with consensus, but the majority of the membership growth was attributable to Meridian (1.1 million lives). Importantly, the company provided initial commentary regarding 2019. We have adjusted our estimates accordingly." (10/30/2018)
- 2. 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)
Has WellCare Health Plans been receiving favorable news coverage?
Media stories about WCG stock have trended positive on Sunday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. WellCare Health Plans earned a daily sentiment score of 2.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the immediate future.
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)
Who are WellCare Health Plans' major shareholders?
WellCare Health Plans' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.21%), BlackRock Inc. (8.01%), Acadian Asset Management LLC (3.44%), FMR LLC (2.64%), American Century Companies Inc. (2.86%) and AQR Capital Management LLC (2.34%). Company insiders that own WellCare Health Plans stock include Anat Hakim, Andrew Lynn Asher, Carol Burt, Darren Ghanayem, Glenn Md Phd Steele Jr, H James Dallas, Kelly A Munson, Kenneth A Burdick, Kevin F Hickey, Michael Robert Polen, Michael Troy Meyer, Paul E Weaver, Richard C Breon, 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 BlackRock Inc., Renaissance Technologies LLC, JPMorgan Chase & Co., Redmile Group LLC, Bank of New York Mellon Corp, AQR Capital Management LLC, Acadian Asset Management LLC and First Trust Advisors LP. Company insiders that have sold WellCare Health Plans company stock in the last year include Anat Hakim, Michael Robert Polen, Richard C Breon and Yount Michael. 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 Vanguard Group Inc., FMR LLC, Marshall Wace LLP, PNC Financial Services Group Inc., Massachusetts Financial Services Co. MA, Partner Fund Management L.P., Legal & General Group Plc and Man Group plc. 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 $238.85.
How big of a company is WellCare Health Plans?
WellCare Health Plans has a market capitalization of $11.94 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.
What is WellCare Health Plans' official website?
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.
