WellCare Health Plans (WCG) to Release Quarterly Earnings on Wednesday

WellCare Health Plans (NYSE:WCG) is scheduled to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect WellCare Health Plans to post earnings of $3.93 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

WellCare Health Plans (NYSE:WCG) last announced its earnings results on Tuesday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.16 by $0.15. WellCare Health Plans had a return on equity of 14.95% and a net margin of 2.09%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.63 billion. During the same period in the prior year, the business posted $3.69 earnings per share. WellCare Health Plans’s revenue was up 51.1% compared to the same quarter last year. On average, analysts expect WellCare Health Plans to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Shares of NYSE WCG opened at $280.97 on Wednesday. WellCare Health Plans has a 12 month low of $220.63 and a 12 month high of $305.03. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.34 and a beta of 0.91. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $266.97 and a 200-day simple moving average of $274.92.

Several brokerages have recently commented on WCG. Stephens downgraded WellCare Health Plans from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $330.00 to $317.00 in a report on Monday, September 9th. Cantor Fitzgerald downgraded WellCare Health Plans from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. WellCare Health Plans presently has an average rating of “Hold” and a consensus target price of $304.83.

WellCare Health Plans Company Profile

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.

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Earnings History for WellCare Health Plans (NYSE:WCG)

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