WellCare Health Plans (WCG) Issues FY 2018 Earnings Guidance

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.



A number of research firms have recently issued reports on WCG. Barclays reaffirmed a buy rating and set a $325.00 target price on shares of WellCare Health Plans in a report on Tuesday, September 18th. Argus upped their target price on shares of WellCare Health Plans from $265.00 to $360.00 and gave the stock a buy rating in a report on Friday, August 31st. Zacks Investment Research raised shares of WellCare Health Plans from a hold rating to a strong-buy rating and set a $295.00 target price for the company in a report on Thursday, July 26th. SunTrust Banks upped their target price on shares of WellCare Health Plans to $315.00 and gave the stock a buy rating in a report on Wednesday, August 1st. Finally, Morgan Stanley upped their target price on shares of WellCare Health Plans from $330.00 to $350.00 and gave the stock an equal weight rating in a report on Wednesday, September 12th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $296.00.

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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Earnings History and Estimates for WellCare Health Plans (NYSE:WCG)

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