WellCare Health Plans (NYSE:WCG) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $8.40-8.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.66. The company issued revenue guidance of $18.65 billion, compared to the consensus revenue estimate of $18.90 billion.WellCare Health Plans also updated its FY17 guidance to $8.25-8.40 EPS.

WellCare Health Plans (NYSE WCG) opened at $201.65 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. WellCare Health Plans has a 1 year low of $133.21 and a 1 year high of $213.97. The company has a market cap of $8,973.41, a P/E ratio of 21.81, a PEG ratio of 1.55 and a beta of 0.82.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $2.18. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the business earned $1.63 earnings per share. WellCare Health Plans’s revenue was up 22.8% compared to the same quarter last year. analysts predict that WellCare Health Plans will post 8.44 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of WellCare Health Plans from a buy rating to a hold rating in a research report on Monday, October 9th. Wells Fargo & Company reiterated a market perform rating and set a $188.00 target price (up from $175.00) on shares of WellCare Health Plans in a research report on Wednesday, November 1st. BMO Capital Markets assumed coverage on shares of WellCare Health Plans in a research report on Monday, October 16th. They set an outperform rating and a $215.00 target price for the company. Morgan Stanley lifted their target price on shares of WellCare Health Plans from $184.00 to $212.00 and gave the company an equal weight rating in a research report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of WellCare Health Plans from a hold rating to a buy rating in a research report on Friday, September 1st. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $200.20.

In other news, Director Carol Burt sold 997 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

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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.

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

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