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WellCare Health Plans Inc (WCG.N)

WCG.N on New York Stock Exchange

217.89USD
18 May 2018
Change (% chg)

$-0.31 (-0.14%)
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Latest Key Developments (Source: Significant Developments)

WellCare Issues 2018 Annual Guidance
Monday, 18 Dec 2017 

Dec 18 (Reuters) - WellCare Health Plans Inc ::WELLCARE ISSUES 2018 ANNUAL GUIDANCE.SEES FY 2018 REVENUE $18.65 BILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $8.40 TO $8.65.SEES FY 2017 ADJUSTED EARNINGS PER SHARE $8.25 TO $8.40.- REAFFIRMED ITS FULL-YEAR 2017 GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $8.67 -- THOMSON REUTERS I/B/E/S.FY2017 EARNINGS PER SHARE VIEW $8.33, REVENUE VIEW $16.95 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $18.90 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Care1st Health Plan Arizona Signs Agreement With Equality Health
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Wellcare Health Plans Inc ::CARE1ST HEALTH PLAN ARIZONA SIGNS VALUE-BASED AGREEMENT WITH EQUALITY HEALTH TO OFFER AN EXPANDED NETWORK AND CULTURALLY COMPETENT SERVICES.CARE1ST HEALTH PLAN ARIZONA - CO, EQUALITY HEALTH TO OFFER AHCCCS (MEDICAID) MEMBERS NETWORK OF DOCTORS TO DELIVERING INTEGRATED, HOLISTIC SERVICES​.  Full Article

Easy Choice Health Plan signs value-based agreement with AltaMed Health
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Wellcare Health Plans Inc :Wellcare health plans - ‍easy choice health plan, inc., a wellcare health plans co , announced it signed agreement with altamed health services corp​.Wellcare health plans - ‍altamed to provide in-network coverage to easy choice's medicare advantage members through 35 sites within los angeles & orange counties​.  Full Article

WellCare says Q3 GAAP earnings per share $3.82
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - WellCare Health Plans Inc -:WellCare reports third quarter 2017 results.Q3 adjusted earnings per share $4.08.Q3 GAAP earnings per share $3.82.Q3 earnings per share view $1.91 -- Thomson Reuters I/B/E/S.Raises FY 2017 adjusted earnings per share view to $8.25 to $8.40.WellCare Health Plans Inc - ‍increases full-year 2017 guidance​.FY2017 earnings per share view $7.01 -- Thomson Reuters I/B/E/S.WellCare Health Plans Inc - ‍Q3 results also include recognition of a $23.7 million, or $0.53 per diluted share, previously unrecognized tax benefit​.WellCare - ‍Q3 results include $0.40 per share in additional Florida Medicaid retroactive premium revenue related to benefits for periods before May 2016​.WellCare - ‍revised FY adjusted earnings per share guidance includes tax benefit of about $0.53/share & $0.40/share related to Florida Medicaid retroactive premium revenue.WellCare Health - ‍estimated $0.56-$0.65/share impact due to effect of premium deficiency reserve seen to be recorded in Q4 related to contract with Illinois HFS.  Full Article

WellCare issues 2017 annual guidance
Monday, 19 Dec 2016 

WellCare Health Plans Inc : WellCare issues 2017 annual guidance . WellCare Health Plans Inc says reaffirmed its full-year 2016 guidance . Fy2016 earnings per share view $5.43 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $6.31 -- Thomson Reuters I/B/E/S . WellCare says 2017 Medicaid health plans premium revenue to be affected by elimination of Medicaid reimbursement revenue associated with affordable care act health insurer fee moratorium . Sees fy 2016 adjusted earnings per share $5.35 to $5.45 .Sees fy 2017 adjusted earnings per share $6.00 to $6.25.  Full Article

WellCare Q3 adjusted earnings per share $1.63
Tuesday, 1 Nov 2016 

WellCare Health Plans Inc : Fy2016 earnings per share view $5.03 -- Thomson Reuters I/B/E/S . Wellcare health plans inc says q3 gaap medicaid health plans premium revenue was $2.4 billion for q3 of 2016, an increase of 7.5 percent . Wellcare health plans inc says adjusted medicaid health plans premium revenue was $2.3 billion for q3 of 2016, an increase of 6.9 percent . Qtrly total gaap premium revenue $3,578.8 million versus $3,437.3 million . Wellcare health plans -membership in medicaid health plans segment increased by 1.1 percent, from sept 30, 2015 to about 2.4 million members as of sept 30, 2016 . Wellcare health - medicare health plans segment membership up sequentially from june 30, 2016 by 7,000 members to 338,000 members as of sept 30, 2016 . Wellcare health plans inc - medicare health plans premium revenue in q3 of 2016 decreased slightly year over year to $959.0 million . Wellcare health plans inc - medicare prescription drug plans premium revenue was $175.9 million for q3 of 2016, down 13.0 percent compared with q3 of 2015 . Fy2016 earnings per share view $5.03, revenue view $14.18 billion -- Thomson Reuters I/B/E/S . Wellcare reports third quarter 2016 results . Q3 adjusted earnings per share $1.63 . Q3 gaap earnings per share $1.54 . Q3 earnings per share view $1.11 -- Thomson Reuters I/B/E/S.  Full Article

Wellcare Health Plans says looking at increasing business within existing portfolio
Tuesday, 2 Aug 2016 

Wellcare Health Plans : Also Looking At And Interested In Acquiring Businesses That Would Open Us Up To New Markets And New States . We're looking at increasing business within existing portfolio; eye on both Medicaid and Medicare opportunities - conf call . Says "we see many opportunities both organic and through m&a opportunities that will fuel our growth " - conf call Further company coverage: [WCG.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Wellcare reports Q2 adjusted EPS $2.23
Tuesday, 2 Aug 2016 

Wellcare Health Plans Inc : Q2 adjusted earnings per share $2.23 . Q2 GAAP earnings per share $2.04 . Q2 earnings per share view $1.40 -- Thomson Reuters I/B/E/S . Raises FY 2016 adjusted earnings per share view to $4.95 to $5.05 . Qtrly GAAP total premium revenue $3.6 billion versus $3.4 billion . Medicare health plans premium revenue in Q2 of 2016 decreased slightly year over year to $987.5 million . Membership in medicare PDP segment decreased 33,000, or 3.2 percent year over year, to about 1.0 million members as of June 30 . FY2016 earnings per share view $4.64, revenue view $14.07 billion -- Thomson Reuters I/B/E/S . Medicare health plans segment membership as of June 30, 2016, was 331,000, a decrease of 57,000 members from June 30, 2015 .Membership in medicaid health plans segment increased by 1.3 percent, from June 30, 2015 to about 2.4 million members as of June 30.  Full Article