News articles about WellCare Health Plans (NYSE:WCG) have trended very positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. WellCare Health Plans earned a media sentiment score of 0.56 on Accern’s scale. Accern also gave press coverage about the company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- WellCare Health Plans, Inc. (WCG) Expected to Announce Earnings of $2.23 Per Share (americanbankingnews.com)
- Leerink Swann Reaffirms Outperform Rating for WellCare Health Plans, Inc. (WCG) (americanbankingnews.com)
- WellCare Health Plans Receives the 2017 “The Civic 50” Award from Points of Light for Outstanding Community Engagement (finance.yahoo.com)
- Can WellCare (WCG) Keep the Earnings Streak Alive This Quarter? (finance.yahoo.com)
- ‘Pent-up demand’ released from stocks relieved at details in Senate bill: Analyst (finance.yahoo.com)
WCG has been the subject of several analyst reports. Zacks Investment Research lowered shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, March 6th. Deutsche Bank AG initiated coverage on shares of WellCare Health Plans in a research report on Wednesday, April 5th. They set a “buy” rating and a $168.00 price target for the company. Jefferies Group LLC reissued a “hold” rating and set a $142.00 price target on shares of WellCare Health Plans in a research report on Wednesday, April 19th. Wolfe Research reissued a “market perform” rating on shares of WellCare Health Plans in a research report on Friday, May 5th. Finally, Morgan Stanley initiated coverage on shares of WellCare Health Plans in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $183.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $151.50.
WellCare Health Plans (WCG) opened at 183.60 on Friday. WellCare Health Plans has a one year low of $101.98 and a one year high of $184.68. The company has a 50-day moving average of $172.52 and a 200 day moving average of $150.35. The firm has a market cap of $8.17 billion, a P/E ratio of 30.21 and a beta of 0.79.
WellCare Health Plans (NYSE:WCG) last posted its earnings results on Wednesday, May 3rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.42. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.85 billion. WellCare Health Plans had a return on equity of 14.75% and a net margin of 1.85%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 earnings per share. Equities research analysts expect that WellCare Health Plans will post $6.86 earnings per share for the current fiscal year.
In related news, CFO Andrew Lynn Asher sold 7,314 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $175.04, for a total transaction of $1,280,242.56. Following the completion of the sale, the chief financial officer now owns 13,244 shares in the company, valued at $2,318,229.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carol Burt sold 1,805 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $170.09, for a total value of $307,012.45. Following the sale, the director now owns 8,447 shares of the company’s stock, valued at approximately $1,436,750.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,019 shares of company stock valued at $4,133,066. 0.50% of the stock is owned by company insiders.
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About WellCare Health Plans
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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