WellCare Health Plans, Inc. (NYSE:WCG) – Equities research analysts at Cantor Fitzgerald issued their FY2019 earnings per share estimates for WellCare Health Plans in a research note issued to investors on Wednesday. Cantor Fitzgerald analyst S. Halper forecasts that the company will earn $12.00 per share for the year. Cantor Fitzgerald currently has a “Buy” rating and a $235.00 target price on the stock.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, February 6th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.11. WellCare Health Plans had a net margin of 2.20% and a return on equity of 17.10%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 23.5% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $214.00 target price on shares of WellCare Health Plans in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 price target for the company in a report on Thursday, November 2nd. Morgan Stanley upped their price target on shares of WellCare Health Plans from $214.00 to $220.00 and gave the company an “equal weight” rating in a report on Wednesday. Cowen reiterated an “outperform” rating and issued a $250.00 price target on shares of WellCare Health Plans in a report on Tuesday, January 23rd. Finally, Jefferies Group upped their price target on shares of WellCare Health Plans from $190.00 to $210.00 and gave the company a “hold” rating in a report on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $218.21.

Shares of WellCare Health Plans (WCG) opened at $193.69 on Friday. WellCare Health Plans has a 12 month low of $136.23 and a 12 month high of $221.75. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 0.49. The company has a market cap of $8,463.82, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.21 and a beta of 0.82.

A number of institutional investors and hedge funds have recently made changes to their positions in WCG. Bank of New York Mellon Corp boosted its holdings in WellCare Health Plans by 44.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,035,902 shares of the company’s stock worth $208,331,000 after purchasing an additional 318,631 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in WellCare Health Plans by 2,915.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 234,475 shares of the company’s stock worth $47,155,000 after purchasing an additional 226,699 shares during the last quarter. American Century Companies Inc. boosted its holdings in WellCare Health Plans by 60.1% during the third quarter. American Century Companies Inc. now owns 594,925 shares of the company’s stock worth $102,172,000 after purchasing an additional 223,364 shares during the last quarter. Janus Henderson Group PLC acquired a new position in WellCare Health Plans during the second quarter worth $30,078,000. Finally, FMR LLC boosted its holdings in WellCare Health Plans by 285.7% during the second quarter. FMR LLC now owns 211,664 shares of the company’s stock worth $38,007,000 after purchasing an additional 156,786 shares during the last quarter. Institutional investors and hedge funds own 99.28% 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.

Earnings History and Estimates for WellCare Health Plans (NYSE:WCG)

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