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

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$244.35 -0.43 (-0.18 %)
(As of 12/14/2018 06:50 AM ET)
Previous Close$244.78
Today's Range$239.58 - $247.07
52-Week Range$187.06 - $324.99
Volume624,900 shs
Average Volume576,867 shs
Market Capitalization$12.12 billion
P/E Ratio28.68
Dividend YieldN/A
Beta1.18
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.

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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 Ratio0.51
Current Ratio1.32
Quick Ratio1.32

Price-To-Earnings

Trailing P/E Ratio28.68
Forward P/E Ratio22.19
P/E Growth1.35

Sales & Book Value

Annual Sales$17.01 billion
Price / Sales0.72
Cash Flow$11.4022 per share
Price / Cash Flow21.43
Book Value$54.28 per share
Price / Book4.50

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$12.12 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, beating the Thomson Reuters' consensus estimate of $3.09 by $0.24. The business had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $5.06 billion. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. The business's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.08 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, February 5th 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 FY18 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of $10.90-11.00 for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have issued 12 month price targets for WellCare Health Plans' shares. Their predictions range from $250.00 to $365.00. On average, they expect WellCare Health Plans' share price to reach $310.7857 in the next year. This suggests a possible upside of 27.2% 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, 11 buy ratings and 1 strong buy rating 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 outperformed its industry in a year's time. The company’s revenues have been growing since 2006, driven by an increase in membership. Its organic growth is well complemented with accretive acquisitions. 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. Rising expenses threaten to drain the company’s margin going forward as well." (12/13/2018)
  • 2. 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)

Has WellCare Health Plans been receiving favorable news coverage?

News stories about WCG stock have trended positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. WellCare Health Plans earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the next several days.

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).

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 variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.21%), Vanguard Group Inc (11.21%), BlackRock Inc. (8.01%), Acadian Asset Management LLC (3.44%), FMR LLC (2.64%) and American Century Companies Inc. (2.86%). 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, Vanguard Group Inc., FMR LLC, Marshall Wace LLP, PNC Financial Services Group Inc., Massachusetts Financial Services Co. MA, Partner Fund Management L.P. and Legal & General 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 $244.35.

How big of a company is WellCare Health Plans?

WellCare Health Plans has a market capitalization of $12.12 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:  327 (Vote Outperform)
Underperform Votes:  480 (Vote Underperform)
Total Votes:  807
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 12/14/2018 by MarketBeat.com Staff

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