Last $89.09 USD
Change Today +0.09 / 0.10%
Volume 234.9K
WCG On Other Exchanges
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Exchange
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As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

wellcare health plans inc (WCG) Snapshot

Open
$88.37
Previous Close
$89.00
Day High
$90.08
Day Low
$87.97
52 Week High
02/27/15 - $91.88
52 Week Low
10/2/14 - $55.43
Market Cap
3.9B
Average Volume 10 Days
410.3K
EPS TTM
$1.98
Shares Outstanding
44.0M
EX-Date
--
P/E TM
44.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for WELLCARE HEALTH PLANS INC (WCG)

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wellcare health plans inc (WCG) Details

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs. It operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. 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-based 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. The Medicare Health Plans segment provides Medicare, a federal program that provides eligible persons age 65 and over and some disabled persons with a range of hospital, medical, and prescription drug benefits; Medicare Advantage, a Medicare’s managed care alternative to original Medicare program, which provides individuals standard Medicare benefits directly through Centers for Medicare & Medicaid Services; and coordinated care plans that 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. The Medicare PDPs segment offers Medicare part D PDP plans to Medicare-eligible beneficiaries. Its PDP plans offer national in-network prescription drug coverage with approximately 71,000 pharmacies, including a preferred pharmacy network. As of December 31, 2014, the company served approximately 4.1 million members in 49 states and the District of Columbia. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.

6,700 Employees
Last Reported Date: 02/17/15
Founded in 1985

wellcare health plans inc (WCG) Top Compensated Officers

Chief Legal & Administrative Officer, Senior ...
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 Mulls Acquisition

WellCare Health Plans, Inc. (NYSE:WCG) is seeking acquisitions. Blair Todt, Senior Vice President, Chief Legal and Administrative Officer and Secretary of Wellcare Health Plans, Inc., said in WellCare Health Plans Inc. investor day, “Make no mistake, the people that you see before you here today, the rest of our 6700 associates, as we think about growth, we think about acquisitions and we will continue to use acquisition as a way for us to grow.”

WellCare Health Plans, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year Ending December 31, 2015

WellCare Health Plans, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $7.7 million or $0.18 per basic and diluted share on total revenues of $3,414.8 million along with income before income taxes was $54 million against net income of $42.9 million or $0.98 per basic share and $0.97 per diluted share on total revenues of $2,438.8 million along with income before income taxes was $71.4 million a year ago. Non-GAAP net income was $18.0 million or $0.41 per basic and diluted share against net income of $48.2 million or $1.10 per basic share and $1.09 per diluted share a year ago. For the full year, the company reported net income of $63.7 million or $1.45 per basic share and $1.44 per diluted share on total revenues of $12,959.9 million along with income before income taxes was $177.8 million against net income of $175.3 million or $4.03 per basic share and $3.98 per diluted share on total revenues of $9,527.9 million along with income before income taxes was $278.3 million a year ago. Net cash provided by operating activities was $299.3 million compared to $178.9 million a year ago. Additions to property, equipment and capitalized software, net were $74.8 million compared to $62.0 million a year ago. Non-GAAP net income was $90.9 million or $2.07 per basic share and $2.06 per diluted share against net income of $203.7 million or $4.68 per basic share and $4.63 per diluted share a year ago. The company currently anticipates that for the year ending December 31, 2015, adjusted net income per diluted share will be between approximately $3.15 and $3.40. Premium revenue is expected to be between $13.5 and $13.8 billion. The effective income tax rate is expected to be between 60.25% and 62.25%. Capital expenditures are expected to be between $110 million and $120 million in 2015. Adjusted earnings will exclude the impact of: Certain SG&A expenses related to previously disclosed government investigations and related litigation and resolution costs; and any transitory costs incurred in 2015 related to the company's decision to change pharmacy benefit managers as of January 1, 2016.

WellCare Health Plans, Inc. Announces Executive Changes

WellCare Health Plans, Inc. announced it has appointed Blair Todt to the newly created position of chief legal and administrative officer effective Dec. 15, 2014. Todt will be responsible for the legal, government affairs, public policy, business development, external communications and corporate strategy functions, and will serve as WellCare's corporate secretary. He will continue to report to Dave Gallitano, WellCare's CEO and chairman of the board, until Ken Burdick, who was recently named CEO, assumes the role on Jan. 1, 2015. Lisa Iglesias, senior vice president, general counsel and corporate secretary, has agreed to stay with the company until early 2015 to assist with the transition. Todt most recently served as the company's chief strategy and development officer, a role he assumed in 2013, and joined WellCare in 2010 as the chief compliance officer. Prior to joining WellCare, Todt served as senior vice president, general counsel and corporate secretary of MedCath Corporation.

 

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Industry Analysis

WCG

Industry Average

Valuation WCG Industry Range
Price/Earnings 62.9x
Price/Sales 0.3x
Price/Book 2.5x
Price/Cash Flow 32.2x
TEV/Sales 0.1x
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