WellCare Health Plans (NYSE:WCG) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $10.90-11.00 for the period, compared to the Thomson Reuters consensus 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.
WCG traded down $9.38 during midday trading on Tuesday, hitting $282.12. 1,375,377 shares of the company’s stock traded hands, compared to its average volume of 552,557. The firm has a market cap of $13.24 billion, a PE ratio of 33.11, a PEG ratio of 1.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.27 and a current ratio of 1.27. 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 data on Tuesday, October 30th. The company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.06 billion. WellCare Health Plans had a net margin of 2.69% and a return on equity of 19.20%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.08 earnings per share. On average, sell-side analysts anticipate that WellCare Health Plans will post 10.83 earnings per share for the current fiscal year.
About WellCare Health Plans
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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