WellCare (WCG) to Release Quarterly Earnings on Tuesday

WellCare (NYSE:WCG) will issue its quarterly earnings data before the market opens on Tuesday, May 1st. Analysts expect the company to announce earnings of $2.03 per share for the quarter. WellCare has set its FY18 guidance at $9.55-9.85 EPS.

WellCare (NYSE:WCG) last announced its earnings results on Tuesday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.11. WellCare had a net margin of 2.20% and a return on equity of 17.10%. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, analysts expect WellCare to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

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Shares of NYSE:WCG opened at $200.44 on Tuesday. WellCare has a 52-week low of $150.66 and a 52-week high of $221.75. The firm has a market capitalization of $8,916.52, a P/E ratio of 23.53, a P/E/G ratio of 1.42 and a beta of 0.89. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.49.

WCG has been the subject of several research reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $235.00 target price on shares of WellCare in a research report on Tuesday, February 6th. Morgan Stanley boosted their price target on shares of WellCare from $214.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Goldman Sachs began coverage on shares of WellCare in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $255.00 price target for the company. Zacks Investment Research raised shares of WellCare from a “hold” rating to a “buy” rating and set a $216.00 price target for the company in a research note on Tuesday, February 20th. Finally, Cowen reissued an “outperform” rating and issued a $250.00 price target on shares of WellCare in a research note on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. WellCare presently has a consensus rating of “Buy” and a consensus target price of $217.86.

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WellCare 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.

Earnings History for WellCare (NYSE:WCG)

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