$4.16 Earnings Per Share Expected for WellCare Health Plans, Inc. (WCG) This Quarter

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Wall Street analysts expect WellCare Health Plans, Inc. (NYSE:WCG) to announce earnings per share of $4.16 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for WellCare Health Plans’ earnings, with the lowest EPS estimate coming in at $3.75 and the highest estimate coming in at $4.46. WellCare Health Plans reported earnings per share of $3.69 in the same quarter last year, which would suggest a positive year over year growth rate of 12.7%. The company is expected to announce its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that WellCare Health Plans will report full-year earnings of $13.95 per share for the current fiscal year, with EPS estimates ranging from $13.43 to $14.53. For the next fiscal year, analysts forecast that the business will post earnings of $16.54 per share, with EPS estimates ranging from $15.62 to $18.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for WellCare Health Plans.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $3.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $6.56 billion. During the same period last year, the business posted $2.47 earnings per share. WellCare Health Plans’s quarterly revenue was up 45.5% compared to the same quarter last year.

Several analysts have commented on WCG shares. ValuEngine upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. BMO Capital Markets raised their price objective on shares of WellCare Health Plans to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Cowen initiated coverage on shares of WellCare Health Plans in a research note on Thursday, February 28th. They set an “outperform” rating for the company. Credit Suisse Group initiated coverage on shares of WellCare Health Plans in a research note on Monday, April 15th. They set a “neutral” rating and a $307.00 target price for the company. Finally, Zacks Investment Research downgraded shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $311.13.

WCG traded up $0.28 on Friday, hitting $274.70. The company had a trading volume of 717,100 shares, compared to its average volume of 1,024,993. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.28 and a quick ratio of 1.28. WellCare Health Plans has a 52-week low of $215.64 and a 52-week high of $324.99. The firm has a market capitalization of $13.73 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Several hedge funds and other institutional investors have recently made changes to their positions in WCG. Legal & General Group Plc increased its stake in shares of WellCare Health Plans by 164.1% during the third quarter. Legal & General Group Plc now owns 180,702 shares of the company’s stock valued at $57,913,000 after purchasing an additional 112,276 shares in the last quarter. Vanguard Group Inc increased its position in shares of WellCare Health Plans by 26.1% during the third quarter. Vanguard Group Inc now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after acquiring an additional 1,159,497 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of WellCare Health Plans during the fourth quarter valued at approximately $378,000. BKD Wealth Advisors LLC increased its position in shares of WellCare Health Plans by 7.4% during the fourth quarter. BKD Wealth Advisors LLC now owns 1,677 shares of the company’s stock valued at $396,000 after acquiring an additional 115 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of WellCare Health Plans during the fourth quarter valued at approximately $326,000. 98.49% of the stock is owned by institutional investors and hedge funds.

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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