Last $70.39 USD
Change Today +0.60 / 0.86%
Volume 957.1K
WCG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

wellcare health plans inc (WCG) Snapshot

Open
$70.40
Previous Close
$69.79
Day High
$71.25
Day Low
$70.24
52 Week High
05/27/14 - $78.37
52 Week Low
02/12/14 - $55.16
Market Cap
3.1B
Average Volume 10 Days
525.4K
EPS TTM
$2.64
Shares Outstanding
43.9M
EX-Date
--
P/E TM
26.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for WELLCARE HEALTH PLANS INC (WCG)

wellcare health plans inc (WCG) Related Businessweek News

View More BusinessWeek News

wellcare health plans inc (WCG) Details

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs in the United States. It operates in three segments: Medicaid, MA, and PDP. The company offers Medicaid plans, including plans for beneficiaries of Temporary Assistance for Needy Families (TANF) programs; Supplemental Security Income (SSI) programs; and Aged Blind and Disabled (ABD) programs; and other state-based programs, such as Children’s Health Insurance Program and Family Health Plus programs for qualifying families who are not eligible for Medicaid. The TANF program provides assistance to low-income families with children; and ABD and SSI programs provide assistance to low-income aged, blind, or disabled individuals. It also provides Medicare, a federal health insurance program; Medicare Advantage, a Medicare’s managed care alternative to original Medicare that provides individuals standard Medicare benefits directly through Centers for Medicare & Medicaid Services; and coordinated care plans, which are administered through health maintenance organizations and require members to seek health care services and select a primary care physician from a network of health care providers. In addition, the company provides prescription drug plans comprising Medicare Part D program that offers national in-network prescription drug coverage to Medicare-eligible beneficiaries. As of December 31, 2013, it served approximately 2.8 million members. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.

5,200 Employees
Last Reported Date: 02/14/14
Founded in 1985

wellcare health plans inc (WCG) Top Compensated Officers

Chairman of The Board and Chief Executive Off...
Total Annual Compensation: $246.2K
Chief Strategy & Development Officer and Seni...
Total Annual Compensation: $396.2K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $396.2K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $321.2K
Compensation as of Fiscal Year 2013.

wellcare health plans inc (WCG) Key Developments

WellCare Health Plans, Inc. Presents at Stifel Healthcare Conference 2014, Nov-18-2014 09:10 AM

WellCare Health Plans, Inc. Presents at Stifel Healthcare Conference 2014, Nov-18-2014 09:10 AM. Venue: The Palace Hotel, 455 Madison Ave, New York, NY 10022, United States. Speakers: Andrew Asher, Chief Financial Officer, Gregg Haddad, Vice President of Investor Relations, Kenneth A. Burdick, President and Chief Operating Officer.

WellCare Health Plans, Inc. Announces Executive Changes

WellCare Health Plans, Inc. approved the appointment of Andrew Asher as senior vice president and CFO, effective November 14, 2014. Thomas Tran resigned as senior vice president and CFO of the company, effective on the same date.

WellCare Health Plans, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Provides Revenue Guidance for the Year 2015

WellCare Health Plans, Inc. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income for the third quarter of 2014 was $19.3 million, or $0.44 per diluted share, compared with net income of $64.0 million, or $1.45 per diluted share, for the third quarter of 2013. Adjusted (non-GAAP) net income for the third quarter of 2014 was $26.3 million, or $0.59 per diluted share, compared with adjusted net income of $68.9 million, or $1.56 per diluted share, for the third quarter of 2013. Adjusted net income per diluted share for the third quarter of 2014 of $0.59 included a $0.18 reduction in the Windsor bargain purchase gain. Excluding the $0.18 reduction in the Windsor bargain purchase gain, the remaining results of operations was $0.77 per diluted share. The decrease in adjusted net income per diluted share resulted primarily from reduced gross margin rates in the company's Medicare and PDP segments, the impact of the unreimbursed portion of the ACA industry fee, a reduction in the Windsor bargain purchase gain, and higher interest expense. For the nine months, the company reported net cash provided by operating activities of $179.4 million compared with net cash provided by operating activities of $229.7 million for the nine months ended September 30, 2013. The company is forecasting adjusted earnings per diluted share of $0.60 to $0.70 for the fourth quarter of 2014 and premium revenue for the same period of $3.3 billion to $3.4 billion. The company expects single-digit revenue growth in 2015 while the company improves the earnings profile of current $12.7 billion of revenue. The company then expects to achieve higher revenue growth rates in subsequent years.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WCG:US $70.39 USD +0.60

WCG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Centene Corp $98.37 USD -0.38
Health Net Inc/CA $50.63 USD -0.33
Magellan Health Inc $60.74 USD +0.32
Molina Healthcare Inc $49.68 USD -0.08
Team Health Holdings Inc $56.06 USD +0.69
View Industry Companies
 

Industry Analysis

WCG

Industry Average

Valuation WCG Industry Range
Price/Earnings 31.4x
Price/Sales 0.3x
Price/Book 2.0x
Price/Cash Flow 19.9x
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WELLCARE HEALTH PLANS INC, please visit www.wellcare.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.