WellCare Health Plans, Inc. (NYSE:WCG) – Leerink Swann cut their Q1 2019 earnings per share (EPS) estimates for shares of WellCare Health Plans in a research note issued to investors on Monday, January 14th. Leerink Swann analyst A. Gupte now forecasts that the company will post earnings per share of $3.20 for the quarter, down from their previous estimate of $3.65. Leerink Swann also issued estimates for WellCare Health Plans’ Q4 2019 earnings at $2.75 EPS.

A number of other brokerages also recently weighed in on WCG. Barclays reissued a “buy” rating and issued a $338.00 price objective on shares of WellCare Health Plans in a research note on Friday, September 28th. Evercore ISI assumed coverage on WellCare Health Plans in a research note on Tuesday, October 9th. They issued an “outperform” rating and a $365.00 price objective on the stock. Wells Fargo & Co reissued a “buy” rating on shares of WellCare Health Plans in a research note on Wednesday, September 26th. Cantor Fitzgerald reissued a “buy” rating and issued a $330.00 price objective on shares of WellCare Health Plans in a research note on Tuesday, October 30th. Finally, Stephens assumed coverage on WellCare Health Plans in a research note on Monday. They issued an “overweight” rating and a $276.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. WellCare Health Plans has a consensus rating of “Buy” and an average price target of $303.67.

Shares of WCG stock opened at $261.57 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.51. WellCare Health Plans has a twelve month low of $187.06 and a twelve month high of $324.99. The company has a market capitalization of $12.53 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.10 and a beta of 1.18.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $3.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.09 by $0.24. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the business earned $4.08 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis.

In other WellCare Health Plans news, Director H James Dallas bought 1,171 shares of the stock in a transaction on Tuesday, December 4th. The shares were purchased at an average price of $256.35 per share, with a total value of $300,185.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Robert Polen sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $256.85, for a total value of $770,550.00. The disclosure for this sale can be found here. Insiders sold a total of 7,647 shares of company stock worth $1,924,167 in the last ninety days. Insiders own 0.59% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WCG. Vanguard Group Inc. grew its holdings in WellCare Health Plans by 26.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after buying an additional 1,159,497 shares during the last quarter. Vanguard Group Inc grew its holdings in WellCare Health Plans by 26.1% in the 3rd quarter. Vanguard Group Inc now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after buying an additional 1,159,497 shares during the last quarter. FMR LLC grew its holdings in WellCare Health Plans by 267.8% in the 3rd quarter. FMR LLC now owns 1,318,399 shares of the company’s stock valued at $422,534,000 after buying an additional 959,928 shares during the last quarter. Marshall Wace LLP grew its holdings in WellCare Health Plans by 287.7% in the 3rd quarter. Marshall Wace LLP now owns 377,862 shares of the company’s stock valued at $121,101,000 after buying an additional 280,406 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in WellCare Health Plans by 530.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 233,780 shares of the company’s stock valued at $74,923,000 after buying an additional 196,687 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

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

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