WellCare Health Plans, Inc. (NYSE:WCG) – SunTrust Banks lifted their FY2018 EPS estimates for WellCare Health Plans in a note issued to investors on Monday, November 12th, according to Zacks Investment Research. SunTrust Banks analyst D. Macdonald now anticipates that the company will post earnings per share of $10.98 for the year, up from their prior forecast of $10.84. SunTrust Banks also issued estimates for WellCare Health Plans’ Q1 2019 earnings at $3.22 EPS, Q2 2019 earnings at $4.09 EPS, Q3 2019 earnings at $3.95 EPS, Q4 2019 earnings at $2.04 EPS and FY2019 earnings at $13.30 EPS.

Other analysts have also recently issued reports about the company. Argus raised their target price on WellCare Health Plans from $265.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Barclays reissued a “buy” rating and issued a $338.00 target price on shares of WellCare Health Plans in a research note on Friday, September 28th. 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 target price on shares of WellCare Health Plans in a research note on Tuesday, October 30th. Finally, BMO Capital Markets set a $345.00 target price on WellCare Health Plans and gave the stock a “buy” rating in a research note on Friday, September 14th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $305.20.

Shares of NYSE WCG traded down $5.30 during trading hours on Wednesday, hitting $238.85. The company’s stock had a trading volume of 772,683 shares, compared to its average volume of 1,131,372. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $12.21 billion, a PE ratio of 28.03, a PEG ratio of 1.36 and a beta of 1.18. WellCare Health Plans has a 12 month low of $187.06 and a 12 month high of $324.99.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Gravity Wealth Inc. boosted its position in shares of WellCare Health Plans by 3,977.8% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 367 shares of the company’s stock worth $107,000 after purchasing an additional 358 shares in the last quarter. Private Capital Group LLC boosted its position in shares of WellCare Health Plans by 234.0% in the 3rd quarter. Private Capital Group LLC now owns 334 shares of the company’s stock worth $107,000 after purchasing an additional 234 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of WellCare Health Plans by 100.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 400 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of WellCare Health Plans by 55.2% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 512 shares of the company’s stock worth $126,000 after purchasing an additional 182 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of WellCare Health Plans in the 3rd quarter worth approximately $173,000. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Richard C. Breon sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $239.96, for a total value of $599,900.00. Following the sale, the director now directly owns 6,406 shares of the company’s stock, valued at approximately $1,537,183.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Robert Polen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was 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. Over the last ninety days, insiders have sold 7,647 shares of company stock worth $1,924,167. Insiders own 0.59% of the company’s stock.

WellCare Health Plans Company Profile

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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