WellCare (NYSE:WCG) – Investment analysts at Jefferies Group cut their Q1 2018 earnings per share estimates for WellCare in a research note issued on Thursday, April 12th. Jefferies Group analyst D. Windley now anticipates that the company will post earnings per share of $2.02 for the quarter, down from their previous estimate of $2.24. Jefferies Group also issued estimates for WellCare’s Q4 2018 earnings at $1.15 EPS.
WellCare (NYSE:WCG) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.11. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.32 billion. WellCare had a return on equity of 17.10% and a net margin of 2.20%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share.
A number of other equities analysts have also weighed in on the company. Cantor Fitzgerald reissued a “buy” rating and set a $235.00 price objective on shares of WellCare in a research note on Tuesday, February 6th. ValuEngine lowered WellCare from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley boosted their price objective on WellCare from $214.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Goldman Sachs began coverage on WellCare in a research note on Wednesday, January 3rd. They set a “buy” rating and a $255.00 price objective on the stock. Finally, Zacks Investment Research raised WellCare from a “hold” rating to a “buy” rating and set a $216.00 price objective on the stock in a research note on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. WellCare has an average rating of “Buy” and a consensus target price of $217.86.
Shares of NYSE:WCG opened at $193.76 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $8,509.08, a PE ratio of 22.74, a PEG ratio of 1.36 and a beta of 0.90. WellCare has a 1 year low of $144.95 and a 1 year high of $221.75.
A number of large investors have recently bought and sold shares of the business. Comerica Bank raised its position in WellCare by 0.7% in the fourth quarter. Comerica Bank now owns 35,069 shares of the company’s stock valued at $7,567,000 after purchasing an additional 239 shares during the period. Public Employees Retirement Association of Colorado raised its position in WellCare by 3.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 9,735 shares of the company’s stock valued at $1,958,000 after purchasing an additional 284 shares during the period. Hanseatic Management Services Inc. raised its position in WellCare by 7.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 6,700 shares of the company’s stock valued at $1,347,000 after purchasing an additional 447 shares during the period. Amalgamated Bank raised its position in WellCare by 5.5% in the fourth quarter. Amalgamated Bank now owns 9,326 shares of the company’s stock valued at $1,876,000 after purchasing an additional 490 shares during the period. Finally, Bessemer Group Inc. raised its position in WellCare by 593.2% in the fourth quarter. Bessemer Group Inc. now owns 818 shares of the company’s stock valued at $165,000 after purchasing an additional 700 shares during the period. Institutional investors own 98.23% of the company’s stock.
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WellCare 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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