WellCare Health Plans Inc. (NYSE:WCG) – Leerink Swann dropped their Q4 2016 EPS estimates for WellCare Health Plans in a report released on Monday. Leerink Swann analyst A. Gupte now forecasts that the firm will post earnings of $0.64 per share for the quarter, down from their previous forecast of $0.69. Leerink Swann currently has a “Buy” rating on the stock.

Other equities analysts have also issued research reports about the stock. Jefferies Group lifted their price target on shares of WellCare Health Plans to $105.00 in a report on Wednesday, August 3rd. Cantor Fitzgerald reiterated a “hold” rating and set a $90.00 price target (up previously from $85.00) on shares of WellCare Health Plans in a report on Friday, June 24th. Credit Suisse Group AG reiterated a “sell” rating and set a $100.00 price target on shares of WellCare Health Plans in a report on Tuesday, September 13th. Wedbush reiterated a “neutral” rating and set a $119.00 price target (down previously from $126.00) on shares of WellCare Health Plans in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $115.00 price target on shares of WellCare Health Plans in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $101.30.

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

WellCare Health Plans (NYSE:WCG) opened at 116.25 on Tuesday. The company has a 50-day moving average of $114.61 and a 200-day moving average of $105.84. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 29.05 and a beta of 1.20. WellCare Health Plans has a 52 week low of $69.16 and a 52 week high of $120.65.

WellCare Health Plans (NYSE:WCG) last announced its earnings results on Tuesday, August 2nd. The company reported $2.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.83. The firm earned $3.59 billion during the quarter, compared to analyst estimates of $3.53 billion. WellCare Health Plans had a net margin of 1.26% and a return on equity of 12.33%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 EPS.

Large investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama boosted its stake in WellCare Health Plans by 4.5% in the second quarter. Retirement Systems of Alabama now owns 139,983 shares of the company’s stock valued at $15,017,000 after buying an additional 6,088 shares during the last quarter. Geode Capital Management LLC boosted its stake in WellCare Health Plans by 5.7% in the first quarter. Geode Capital Management LLC now owns 347,959 shares of the company’s stock valued at $32,273,000 after buying an additional 18,635 shares during the last quarter. RS Investment Management Co. LLC boosted its stake in WellCare Health Plans by 33.6% in the second quarter. RS Investment Management Co. LLC now owns 321,285 shares of the company’s stock valued at $34,467,000 after buying an additional 80,775 shares during the last quarter. BlackRock Group LTD boosted its stake in WellCare Health Plans by 8.4% in the first quarter. BlackRock Group LTD now owns 124,074 shares of the company’s stock valued at $11,508,000 after buying an additional 9,662 shares during the last quarter. Finally, Alpine Partners VI LLC bought a new stake in WellCare Health Plans during the second quarter valued at about $353,000.

In other news, Director Glenn Md Phd Steele, Jr. sold 10,000 shares of WellCare Health Plans stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $114.86, for a total transaction of $1,148,600.00. Following the sale, the director now owns 10,852 shares in the company, valued at $1,246,460.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.50% of the company’s stock.

About WellCare Health Plans

WellCare Health Plans, Inc is a managed care company focused 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 complex medical needs. The Company’s segments include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

5 Day Chart for NYSE:WCG

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