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WellCare Health Plans Stock Price, Forecast & Analysis (NYSE:WCG)

$301.90
-2.58 (-0.85 %)
(As of 11/14/2019 11:10 AM ET)
Today's Range
$301.51
Now: $301.90
$305.25
50-Day Range
$254.91
MA: $276.42
$305.03
52-Week Range
$220.63
Now: $301.90
$306.13
Volume33,892 shs
Average Volume682,368 shs
Market Capitalization$15.19 billion
P/E Ratio27.37
Dividend YieldN/A
Beta0.91
WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs for qualifying families who are not eligible for Medicaid. Read More…

Industry, Sector and Symbol

Industry Hospital & medical service plans
Sub-IndustryManaged Health Care
SectorMedical
CUSIP94946T10
Phone813-290-6200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.41 billion
Cash Flow$14.16 per share
Book Value$96.50 per share

Profitability

Net Income$439.80 million

Miscellaneous

Employees12,000
Market Cap$15.19 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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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) released its quarterly earnings results on Wednesday, October, 30th. The company reported $5.50 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.93 by $1.57. The business earned $7.14 billion during the quarter, compared to analysts' expectations of $6.79 billion. WellCare Health Plans had a return on equity of 17.00% and a net margin of 2.34%. The company's quarterly revenue was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.33 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, February 4th 2020. View Earnings Estimates for WellCare Health Plans.

What price target have analysts set for WCG?

7 brokers have issued 1 year price targets for WellCare Health Plans' stock. Their forecasts range from $304.00 to $330.00. On average, they anticipate WellCare Health Plans' share price to reach $315.60 in the next year. This suggests a possible upside of 4.5% from the stock's current price. View Analyst Price Targets for WellCare Health Plans.

What is the consensus analysts' recommendation for WellCare Health Plans?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WellCare Health Plans in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 in a year’s time. Moreover, the company has witnessed its 2019 and 2020 earnings estimates move upward over the last seven days. The company’s revenues have been growing since 2006, driven by an increase in membership and certain growth strategies. Its organic growth is well complemented with a number of accretive acquisitions and partnerships. Its membership is also likely to grow going forward. A rise in 2019 earnings guidance instills investor’s confidence in the company. However, the company’s rising debt level, having induced high interest expenses, hurts the bottom line. A continuous increase in total expenses due to higher medical and pharmacy costs, selling, general and administrative expenses as well as operating costs also weighs on its margins." (4/18/2019)
  • 2. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight rating on WCG shares and our 12-month price target of $330. Before the open, on Monday, WCG issued 2019 guidance that was above our estimates. The company also reaffirmed its 2018 outlook. At the midpoint of its stated range, 2019 adjusted revenue is expected to increase about 30%. Medicaid and Medicare premium guidance were slightly ahead of our estimates, while Medicare PDP premium revenue was well ahead. The revenue upside was primarily driven by the full year contribution of Meridian (which closed in September 2018). While adjusted EPS guidance was in-line with our estimate, FactSet consensus was above the high end of the range by $0.07. We note that there were some outlier sell-side estimates well above $13.40, which skewed consensus." (12/17/2018)

Has WellCare Health Plans been receiving favorable news coverage?

Headlines about WCG stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing 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 closest to five being the most favorable. WellCare Health Plans earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for WellCare Health Plans.

Are investors shorting WellCare Health Plans?

WellCare Health Plans saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,560,000 shares, an increase of 13.0% from the September 15th total of 3,150,000 shares. Based on an average daily trading volume, of 522,100 shares, the short-interest ratio is currently 6.8 days. Currently, 7.1% of the company's shares are sold short. View WellCare Health Plans' Current Options Chain.

Who are some of WellCare Health Plans' key competitors?

What other stocks do shareholders of WellCare Health Plans own?

Based on aggregate information from My MarketBeat watchlists, some companies that other WellCare Health Plans investors own include Chipotle Mexican Grill (CMG), NVIDIA (NVDA), AutoZone (AZO), Netflix (NFLX), American Express (AXP), UnitedHealth Group (UNH), Athabasca Oil (ATH), Alibaba Group (BABA), Starbucks (SBUX) and Boeing (BA).

Who are WellCare Health Plans' key executives?

WellCare Health Plans' management team includes the folowing people:
  • Mr. Kenneth Alan Burdick, CEO & Director (Age 60)
  • Mr. Andrew Lynn Asher, Exec. VP & CFO (Age 50)
  • Mr. Michael Robert Polen, Exec. VP of Medicare & Operations (Age 39)
  • Ms. Anat Hakim, Exec. VP, Gen. Counsel & Sec. (Age 50)
  • Ms. Kelly Ann Munson, Exec. VP of Medicaid (Age 47)

Who are WellCare Health Plans' major shareholders?

WellCare Health Plans' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include ARP Americas LP (0.51%), Assenagon Asset Management S.A. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), California Public Employees Retirement System (0.22%), Rhumbline Advisers (0.20%) and GABELLI & Co INVESTMENT ADVISERS INC. (0.18%). Company insiders that own WellCare Health Plans stock include Anat Hakim, H James Dallas, Michael Robert Polen, Richard C Breon 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 Assenagon Asset Management S.A., Retirement Systems of Alabama, Russell Investments Group Ltd., Kornitzer Capital Management Inc. KS, State of Tennessee Treasury Department, SG Americas Securities LLC, Robeco Institutional Asset Management B.V. and Tower Research Capital LLC TRC . Company insiders that have sold WellCare Health Plans company stock in the last year include Anat Hakim, Michael Robert Polen and Richard C Breon. View Insider Buying and Selling for WellCare Health Plans.

Which major investors are buying WellCare Health Plans stock?

WCG stock was purchased by a variety of institutional investors in the last quarter, including ARP Americas LP, GABELLI & Co INVESTMENT ADVISERS INC., Gabelli Funds LLC, State of New Jersey Common Pension Fund D, Alberta Investment Management Corp, California Public Employees Retirement System, State of Alaska Department of Revenue and First Trust Advisors LP. 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, Robinhood, Fidelity and Charles Schwab.

What is WellCare Health Plans' stock price today?

One share of WCG stock can currently be purchased for approximately $301.90.

How big of a company is WellCare Health Plans?

WellCare Health Plans has a market capitalization of $15.19 billion and generates $20.41 billion in revenue each year. The company earns $439.80 million in net income (profit) each year or $11.03 on an earnings per share basis. WellCare Health Plans employs 12,000 workers across the globe.View Additional Information About WellCare Health Plans.

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:  2.1 out of 5 (star star)
Outperform Votes:  373 (Vote Outperform)
Underperform Votes:  526 (Vote Underperform)
Total Votes:  899
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 11/14/2019 by MarketBeat.com Staff

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