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

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$241.84 -8.18 (-3.27 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$250.02
Today's Range$240.56 - $249.39
52-Week Range$188.32 - $324.99
Volume409,084 shs
Average Volume643,981 shs
Market Capitalization$12.09 billion
P/E Ratio21.93
Dividend YieldN/A
Beta1.23
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. 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, 2018, the company served approximately 5.5 million members in the United States. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.

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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$13.9148 per share
Book Value$84.81 per share

Profitability

Net Income$439.80 million

Miscellaneous

Employees12,000
Market Cap$12.09 billion
Next Earnings Date5/7/2019 (Estimated)
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 results on Tuesday, February, 5th. The company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.55 by $0.08. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. WellCare Health Plans had a return on equity of 15.39% and a net margin of 2.15%. The business's quarterly revenue was up 37.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. 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, May 7th 2019. View Earnings Estimates for WellCare Health Plans.

What guidance has WellCare Health Plans issued on next quarter's earnings?

WellCare Health Plans issued an update on its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share guidance of $13.25-13.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $13.49. WellCare Health Plans also updated its FY 2019 guidance to $13.25-13.50 EPS.

What price target have analysts set for WCG?

15 brokers have issued 1-year price objectives for WellCare Health Plans' stock. Their forecasts range from $250.00 to $365.00. On average, they anticipate WellCare Health Plans' stock price to reach $310.6923 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price. View Analyst Price Targets for WellCare Health Plans.

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

15 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 13 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, "Shares of WellCare Health have gained in a year's time, underperforming its industry's growth in the same time frame. The company’s revenues have been growing since 2006, driven by an increase in membership. Its organic growth is well complemented with a number of accretive acquisitions and partnerships. A raise in 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 also weighs on its margins. " (12/31/2018)
  • 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?

Media coverage about WCG stock has been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. WellCare Health Plans earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near future.

Who are some of WellCare Health Plans' key competitors?

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

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 Alibaba Group (BABA), Twitter (TWTR), Mattel (MAT), General Electric (GE), NVIDIA (NVDA), Netflix (NFLX), UnitedHealth Group (UNH), Micron Technology (MU), FedEx (FDX) and Visa (V).

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. Kelly Ann Munson, Exec. VP of Medicaid (Age 47)
  • Mr. Michael Paul Radu, Exec. VP of Clinical Operations & Bus. Devel. (Age 51)

Who are WellCare Health Plans' major shareholders?

WellCare Health Plans' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.32%), FMR LLC (5.75%), Acadian Asset Management LLC (2.54%), American Century Companies Inc. (2.51%), Bank of New York Mellon Corp (1.52%) and Geode Capital Management LLC (1.45%). 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, Michael Robert Polen, Michael Troy Meyer, Paul E Weaver, 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 Acadian Asset Management LLC, Columbus Circle Investors, Massachusetts Financial Services Co. MA, Bank of New York Mellon Corp, Millennium Management LLC, Mackay Shields LLC, Prudential Financial Inc. and Robeco Institutional Asset Management B.V.. 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 major investors are buying WellCare Health Plans stock?

WCG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Carmignac Gestion, Norges Bank, BlackRock Inc., Eagle Asset Management Inc., Eaton Vance Management, Hudson Bay Capital Management LP and Tavio Capital LLC. 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 $241.84.

How big of a company is WellCare Health Plans?

WellCare Health Plans has a market capitalization of $12.09 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.

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:  343 (Vote Outperform)
Underperform Votes:  492 (Vote Underperform)
Total Votes:  835
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 3/23/2019 by MarketBeat.com Staff

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