WellCare Health Plans (WCG) Issues FY17 Earnings Guidance
WellCare Health Plans (NYSE:WCG) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $8.25-8.40 for the period, compared to the Thomson Reuters consensus estimate of $8.34. WellCare Health Plans also updated its FY18 guidance to $8.40-8.65 EPS.
A number of research firms recently issued reports on WCG. ValuEngine downgraded shares of WellCare Health Plans from a buy rating to a hold rating in a report on Tuesday. Cantor Fitzgerald reissued a buy rating and issued a $235.00 price objective on shares of WellCare Health Plans in a report on Monday. Piper Jaffray Companies reissued a buy rating and issued a $214.00 price objective on shares of WellCare Health Plans in a report on Wednesday, November 1st. Cowen began coverage on shares of WellCare Health Plans in a report on Monday, October 9th. They issued an outperform rating and a $200.00 price objective on the stock. Finally, Jefferies Group raised their price objective on shares of WellCare Health Plans from $190.00 to $210.00 and gave the stock a hold rating in a report on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $202.87.
WellCare Health Plans (NYSE:WCG) opened at $198.92 on Wednesday. WellCare Health Plans has a 1-year low of $133.21 and a 1-year high of $213.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $8,973.32, a price-to-earnings ratio of 21.81, a PEG ratio of 1.55 and a beta of 0.82.
In other news, Director Carol Burt sold 997 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.
About WellCare Health Plans
WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.
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