WellCare Health Plans (WCG) Earning Somewhat Favorable News Coverage, Report Finds
News coverage about WellCare Health Plans (NYSE:WCG) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WellCare Health Plans earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.3185153963658 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- WellCare Provides $35,000 to Support Addiction Recovery Programs (finance.yahoo.com)
- WellCare of New York Rated Among High Performing Medicaid Health Plans in the State (finance.yahoo.com)
- WellCare to Deploy VirtualHealth’s Award-Winning Care Management Platform (finance.yahoo.com)
- WellCare Health Plans (WCG) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- WellCare Health Plans Taps VirtualHealth as its Care Management Platform (hitconsultant.net)
WellCare Health Plans (WCG) traded down $1.19 on Wednesday, hitting $205.66. The stock had a trading volume of 246,196 shares, compared to its average volume of 288,857. WellCare Health Plans has a 52 week low of $136.23 and a 52 week high of $213.97. The firm has a market capitalization of $9,210.00, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 1.28.
WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $2.18. WellCare Health Plans had a return on equity of 30.69% and a net margin of 3.90%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the firm posted $1.63 earnings per share. The business’s revenue was up 22.8% on a year-over-year basis. analysts forecast that WellCare Health Plans will post 8.38 earnings per share for the current year.
Several research analysts recently commented on WCG shares. Goldman Sachs Group started coverage on WellCare Health Plans in a research report on Wednesday, January 3rd. They set a “buy” rating and a $255.00 price target for the company. Zacks Investment Research cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Wells Fargo & Co reissued a “market perform” rating and set a $188.00 price target (up from $175.00) on shares of WellCare Health Plans in a research report on Wednesday, November 1st. ValuEngine cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, BMO Capital Markets started coverage on WellCare Health Plans in a research report on Monday, October 16th. They set an “outperform” rating and a $215.00 price target for the company. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $210.07.
In other news, Director Carol Burt sold 997 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total value of $201,593.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.
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WellCare Health Plans Company Profile
WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.
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