WellCare Health Plans (WCG) Updates FY18 Earnings Guidance
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.
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.
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