WellCare Health Plans (NYSE:WCG) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $10.90-11.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.01. WellCare Health Plans also updated its FY 2018 guidance to $10.90-11.00 EPS.
Shares of WellCare Health Plans stock opened at $230.00 on Wednesday. The company has a market capitalization of $11.85 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.32 and a beta of 1.18. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. WellCare Health Plans has a 52 week low of $187.06 and a 52 week high of $324.99.
WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $3.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.09 by $0.24. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.06 billion. WellCare Health Plans had a net margin of 2.38% and a return on equity of 15.45%. WellCare Health Plans’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $4.08 EPS. Analysts expect that WellCare Health Plans will post 10.98 EPS for the current fiscal year.
In other news, Director Richard C. Breon sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $239.96, for a total transaction of $599,900.00. Following the sale, the director now owns 6,406 shares of the company’s stock, valued at approximately $1,537,183.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yount Michael sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $263.38, for a total transaction of $131,690.00. Following the sale, the executive vice president now directly owns 7,044 shares in the company, valued at approximately $1,855,248.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,647 shares of company stock worth $1,924,167. 0.59% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: “WellCare Health Plans (WCG) Updates FY18 Earnings Guidance” was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://weekherald.com/2018/12/19/wellcare-health-plans-wcg-updates-fy18-earnings-guidance.html.
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.
Featured Article: What is the balance sheet?
Receive News & Ratings for WellCare Health Plans Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WellCare Health Plans and related companies with MarketBeat.com's FREE daily email newsletter.