WellCare Health Plans, Inc. (WCG) Analysts See $3.50 EPS

October 2, 2018 - By whatsonthorold

WellCare Health Plans, Inc. (NYSE:WCG) LogoInvestors sentiment decreased to 1.01 in Q2 2018. Its down 0.08, from 1.09 in 2018Q1. It fall, as 31 investors sold WellCare Health Plans, Inc. shares while 115 reduced holdings. 44 funds opened positions while 104 raised stakes. 42.28 million shares or 0.62% more from 42.02 million shares in 2018Q1 were reported.
Spark Investment Mngmt Limited accumulated 1.07% or 73,900 shares. Citigroup has invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). 1,022 are owned by Janney Montgomery Scott Ltd. First Quadrant L P Ca holds 0.47% in WellCare Health Plans, Inc. (NYSE:WCG) or 101,857 shares. Alliancebernstein Ltd Partnership, a New York-based fund reported 543,926 shares. The Ohio-based James Research has invested 0.1% in WellCare Health Plans, Inc. (NYSE:WCG). Cap Fund accumulated 120,548 shares. M&T Commercial Bank has 3,256 shares. Ajo Lp reported 463,743 shares. 364,223 were accumulated by Northern Tru. 78,222 were accumulated by Voya Mngmt Ltd. The New York-based Ibm Retirement Fund has invested 0.04% in WellCare Health Plans, Inc. (NYSE:WCG). Twin Tree Mgmt Ltd Partnership stated it has 8,012 shares or 0.01% of all its holdings. Tdam Usa has invested 0.01% in WellCare Health Plans, Inc. (NYSE:WCG). Employees Retirement System Of Texas holds 18,000 shares.

Analysts expect WellCare Health Plans, Inc. (NYSE:WCG) to report $3.50 EPS on October, 30.They anticipate $0.58 EPS change or 14.22 % from last quarter’s $4.08 EPS. WCG’s profit would be $174.91 million giving it 22.58 P/E if the $3.50 EPS is correct. After having $3.69 EPS previously, WellCare Health Plans, Inc.’s analysts see -5.15 % EPS growth. The stock decreased 1.79% or $5.77 during the last trading session, reaching $316.11. About 606,690 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 73.94% since October 2, 2017 and is uptrending. It has outperformed by 58.32% the S&P500.

WellCare Health Plans, Inc. (NYSE:WCG) Ratings Coverage

Among 11 analysts covering WellCare Health Plans (NYSE:WCG), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. WellCare Health Plans had 23 analyst reports since May 2, 2018 according to SRatingsIntel. As per Wednesday, May 2, the company rating was maintained by Wells Fargo. The firm earned “Outperform” rating on Friday, September 14 by BMO Capital Markets. The rating was maintained by Morgan Stanley on Wednesday, May 30 with “Equal-Weight”. Morgan Stanley maintained the shares of WCG in report on Wednesday, September 5 with “Equal-Weight” rating. The stock has “Overweight” rating by JP Morgan on Wednesday, June 27. The firm has “Buy” rating given on Wednesday, June 27 by J.P. Morgan. On Friday, July 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The company was maintained on Tuesday, July 24 by Bank of America. Wells Fargo maintained the stock with “Buy” rating in Wednesday, May 30 report. The firm has “Overweight” rating by Cantor Fitzgerald given on Monday, September 17.

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs. The company has market cap of $15.80 billion. It operates through three divisions: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. It has a 29.39 P/E ratio. 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 programs, such as children's health insurance programs for qualifying families who are not eligible for Medicaid, as well as managed long-term care programs for people with chronic illnesses or who have disabilities and need health and long-term care services.

More notable recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Streetinsider.com which released: “WellCare Health Plans (WCG) to Acquire Aetna’s (AET) Medicare Part D Prescription Drug Plan Business” on September 27, 2018, also Benzinga.com with their article: “Height Capital Markets Picks Winners, Losers From Congressional Opioid Legislation” published on October 01, 2018, Seekingalpha.com published: “Stocks To Watch: Strap In For Q3” on September 29, 2018. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) were released by: Seekingalpha.com and their article: “WSJ: DoJ nearing antitrust OK of CVS-Aetna, Cigna-Express Scripts mergers” published on September 05, 2018 as well as Seekingalpha.com‘s news article titled: “CVS/Aetna: Holding Breath Before The Blessing” with publication date: September 28, 2018.

WellCare Health Plans, Inc. (NYSE:WCG) Institutional Positions Chart

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