Press coverage about WellCare Health Plans (NYSE:WCG) has been trending very positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WellCare Health Plans earned a media sentiment score of 0.56 on Accern’s scale. Accern also gave media headlines about the company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Contrasting WellCare Health Plans (WCG) and Catamaran Corp (SXCI) (americanbankingnews.com)
- WellCare Health Plans, Inc. (WCG) Expected to Announce Quarterly Sales of $4.25 Billion (americanbankingnews.com)
- FY2018 EPS Estimates for WellCare Health Plans, Inc. (WCG) Increased by Analyst (americanbankingnews.com)
- 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)
Shares of WellCare Health Plans (NYSE:WCG) opened at 183.28 on Monday. WellCare Health Plans has a 1-year low of $101.98 and a 1-year high of $184.88. The company has a market capitalization of $8.15 billion, a PE ratio of 30.15 and a beta of 0.79. The company’s 50-day moving average price is $172.52 and its 200-day moving average price is $150.35.
WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.42. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.85 billion. WellCare Health Plans had a return on equity of 14.75% and a net margin of 1.85%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share. On average, equities analysts expect that WellCare Health Plans will post $6.86 earnings per share for the current fiscal year.
A number of analysts have recently commented on WCG shares. Zacks Investment Research cut WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Monday, March 6th. Deutsche Bank AG started coverage on WellCare Health Plans in a research note on Wednesday, April 5th. They issued a “buy” rating and a $168.00 price target for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $142.00 price target on shares of WellCare Health Plans in a research note on Wednesday, April 19th. Wolfe Research reaffirmed a “market perform” rating on shares of WellCare Health Plans in a research note on Friday, May 5th. Finally, Morgan Stanley started coverage on WellCare Health Plans in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $183.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $157.09.
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In other news, SVP Yount Michael sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $166.57, for a total transaction of $416,425.00. Following the completion of the sale, the senior vice president now owns 4,804 shares in the company, valued at $800,202.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Lynn Asher sold 7,314 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $175.04, for a total value of $1,280,242.56. Following the sale, the chief financial officer now owns 13,244 shares of the company’s stock, valued at approximately $2,318,229.76. 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. Corporate insiders own 0.50% of the company’s stock.
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.
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