NYSE:WCG - WellCare Health Plans Stock Price, News, & Analysis

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$303.87 -5.47 (-1.77 %)
(As of 10/23/2018 04:00 PM ET)
Previous Close$309.34
Today's Range$297.66 - $305.03
52-Week Range$176.32 - $324.99
Volume469,900 shs
Average Volume481,309 shs
Market Capitalization$13.82 billion
P/E Ratio35.67
Dividend YieldN/A
Beta1.02
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.

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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 Ratio0.44
Current Ratio1.27
Quick Ratio1.27

Price-To-Earnings

Trailing P/E Ratio35.67
Forward P/E Ratio28.06
P/E Growth1.85

Sales & Book Value

Annual Sales$17.01 billion
Price / Sales0.80
Cash Flow$11.1308 per share
Price / Cash27.30
Book Value$54.28 per share
Price / Book5.60

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$13.82 billion
OptionableN/A

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, July, 31st. The company reported $3.69 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.03 by $0.66. The firm earned $4.64 billion during the quarter, compared to analysts' expectations of $4.65 billion. WellCare Health Plans had a net margin of 2.69% and a return on equity of 19.20%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.52 earnings per share. View WellCare Health Plans' Earnings History.

When is WellCare Health Plans' next earnings date?

WellCare Health Plans is scheduled to release their next quarterly earnings announcement on Tuesday, October 30th 2018. View Earnings Estimates for WellCare Health Plans.

How can I listen to WellCare Health Plans' earnings call?

WellCare Health Plans will be holding an earnings conference call on Tuesday, October 30th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8444923724.

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 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 brokerages have issued 12 month price targets for WellCare Health Plans' shares. Their predictions range from $214.00 to $365.00. On average, they expect WellCare Health Plans' stock price to reach $296.0625 in the next twelve months. This suggests that the stock has a possible downside of 2.6%. 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. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight rating on WCG shares and maintain our 12-month price target of $330. Given the company’s recent comments at a competitor conference, we are reducing our 3Q18 earnings estimate but increasing our 4Q18 estimate by the same amount. Our prior 2018 estimates did not properly reflect the added interest expense and share offering that were completed in advance of closing of the Meridian acquisition. Our full year 2018 and 2019 EPS estimates remain unchanged." (9/17/2018)
  • 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)

Who are some of WellCare Health Plans' key competitors?

Some companies that are related to WellCare Health Plans include CIGNA (CI), Humana (HUM), Centene (CNC), Molina Healthcare (MOH), Trupanion (TRUP) and Advanzeon Solutions (CHCR).

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 shareholders include Bank of Montreal Can (0.44%), First Quadrant L P CA (0.13%), Aperio Group LLC (0.10%), Chevy Chase Trust Holdings Inc. (0.09%), Copper Rock Capital Partners LLC (0.09%) and Nisa Investment Advisors LLC (0.07%). 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 First Quadrant L P CA, MERIAN GLOBAL INVESTORS UK Ltd, Texas Permanent School Fund, Louisiana State Employees Retirement System, Dorsey Wright & Associates, KAMES CAPITAL plc and Aperio Group LLC. 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 Bank of Montreal Can, Chevy Chase Trust Holdings Inc., Copper Rock Capital Partners LLC, Nisa Investment Advisors LLC, Three Peaks Capital Management LLC, State of Alaska Department of Revenue, BB&T Corp and First Hawaiian Bank. 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 $303.87.

How big of a company is WellCare Health Plans?

WellCare Health Plans has a market capitalization of $13.82 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?

The official website for WellCare Health Plans is http://www.wellcare.com.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  320 (Vote Outperform)
Underperform Votes:  475 (Vote Underperform)
Total Votes:  795
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.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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