$4.15 EPS Expected for WellCare Health Plans, Inc. (NYSE:WCG) This Quarter

Equities research analysts predict that WellCare Health Plans, Inc. (NYSE:WCG) will report earnings of $4.15 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for WellCare Health Plans’ earnings, with estimates ranging from $3.75 to $4.46. WellCare Health Plans reported earnings of $3.69 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that WellCare Health Plans will report full year earnings of $14.00 per share for the current fiscal year, with EPS estimates ranging from $13.60 to $14.53. For the next financial year, analysts forecast that the company will report earnings of $16.62 per share, with EPS estimates ranging from $15.62 to $18.40. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover WellCare Health Plans.

WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.59. WellCare Health Plans had a net margin of 2.17% and a return on equity of 15.47%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. The company’s revenue for the quarter was up 45.5% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of WellCare Health Plans in a research report on Monday, April 15th. They set a “neutral” rating and a $307.00 price objective for the company. BMO Capital Markets downgraded shares of WellCare Health Plans from an “outperform” rating to a “market perform” rating and set a $304.00 price objective for the company. in a research report on Monday, June 3rd. Zacks Investment Research downgraded shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Wells Fargo & Co lowered their price objective on shares of WellCare Health Plans from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, Cowen assumed coverage on shares of WellCare Health Plans in a research report on Thursday, February 28th. They set an “outperform” rating for the company. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $310.07.

Shares of NYSE:WCG traded up $0.09 during trading on Friday, reaching $287.10. 353,077 shares of the company’s stock traded hands, compared to its average volume of 924,900. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.48. WellCare Health Plans has a 12 month low of $220.63 and a 12 month high of $324.99. The company has a market cap of $14.44 billion, a PE ratio of 26.03, a P/E/G ratio of 1.41 and a beta of 1.02.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its stake in WellCare Health Plans by 26.1% during the 3rd quarter. Vanguard Group Inc now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after purchasing an additional 1,159,497 shares during the period. BlackRock Inc. boosted its stake in WellCare Health Plans by 3.8% during the 4th quarter. BlackRock Inc. now owns 4,158,143 shares of the company’s stock valued at $981,697,000 after purchasing an additional 151,998 shares during the period. FMR LLC boosted its stake in WellCare Health Plans by 118.1% during the 4th quarter. FMR LLC now owns 2,876,051 shares of the company’s stock valued at $679,007,000 after purchasing an additional 1,557,652 shares during the period. Wellington Management Group LLP boosted its stake in WellCare Health Plans by 12.0% during the 1st quarter. Wellington Management Group LLP now owns 2,257,183 shares of the company’s stock valued at $608,875,000 after purchasing an additional 241,054 shares during the period. Finally, Viking Global Investors LP boosted its stake in WellCare Health Plans by 135.6% during the 1st quarter. Viking Global Investors LP now owns 1,320,404 shares of the company’s stock valued at $356,179,000 after purchasing an additional 759,986 shares during the period. 99.08% of the stock is owned by hedge funds and other institutional investors.

WellCare Health Plans Company Profile

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs 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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