WellCare Health Plans (NYSE:WCG) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $10.90-11.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.88. The company issued revenue guidance of $20-20.3 billion, compared to the consensus revenue estimate of $20.13 billion.
Shares of NYSE WCG opened at $291.50 on Tuesday. The firm has a market capitalization of $13.24 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.77 and a beta of 1.02. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.44. WellCare Health Plans has a one year low of $180.30 and a one year high of $324.99.
WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $3.69 EPS for the quarter, topping the consensus estimate of $3.03 by $0.66. WellCare Health Plans had a net margin of 2.69% and a return on equity of 19.20%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the firm earned $2.52 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that WellCare Health Plans will post 10.83 earnings per share for the current year.
WellCare Health Plans Company Profile
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.
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