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Last $91.38 USD
Change Today +2.10 / 2.35%
Volume 641.0K
WCG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

wellcare health plans inc (WCG) Snapshot

Open
$89.08
Previous Close
$89.28
Day High
$91.59
Day Low
$88.59
52 Week High
08/18/15 - $97.58
52 Week Low
10/2/14 - $55.43
Market Cap
4.0B
Average Volume 10 Days
596.4K
EPS TTM
$2.98
Shares Outstanding
44.1M
EX-Date
--
P/E TM
30.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for WELLCARE HEALTH PLANS INC (WCG)

wellcare health plans inc (WCG) Related Businessweek News

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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 Executive Officer, President and Direct...
Total Annual Compensation: $524.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $396.2K
Chief Legal & Administrative Officer, Senior ...
Total Annual Compensation: $432.3K
Chief Medical Officer and Senior Vice Preside...
Total Annual Compensation: $412.1K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $321.2K
Compensation as of Fiscal Year 2014.

wellcare health plans inc (WCG) Key Developments

WellCare Health Plans, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year Ending December 31, 2015

WellCare Health Plans, Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. The company reported a GAAP net income for the second quarter of 2015 was $51.7 million, or $1.17 per diluted share, compared with a GAAP net loss of $7.5 million, or $0.17 per diluted share, for the second quarter of 2014. Adjusted net income for the second quarter of 2015 was $59.5 million, or $1.34 per diluted share, compared with an adjusted net loss of $3.1 million, or $0.07 per diluted share, for the second quarter of 2014. The year-over-year improvement in adjusted net income is the result of operating improvement in all three of the company's business segments, with significant improvement in the Medicaid Health Plans and Medicare Prescription Drug Plans segments. Total revenues were at $3,482.5 million against $3,151.9 million reported last year. Net cash provided by operating activities was $25.2 million for the three months ended June 30, 2015, compared with net cash used in operating activities of $232.7 million for the three months ended June 30, 2014. Income from operations was at $140.7 million against loss of $14.6 million reported last year. Income before income taxes was at $140.7 million against loss of $3.5 million reported last year. Adjusted earnings per share was $1.34 in the second quarter of 2015 compared with a loss of $0.07 in the same quarter last year, reflecting significantly improved MBRs across all 3 of its segments. For the six months ended June 30, 2015, the company reported net income of $69.2 million or $1.56 per diluted share against $36.6 million or $0.83 per share reported last year. Total revenues were at $6,952.4 million against $6,137.6 million reported last year. Adjusted net income was at $81.2 million, or $1.83 per diluted share, compared with $46.6 million, or $1.06 per diluted share, in 2014. Income from operations was at $195.1 million against $22.7 million reported last year. Income before income taxes was at $195.1 million against $62.1 million reported last year. Additions to property, equipment and capitalized software, net were at $63.6 million against $27.9 million reported last year. Net cash used in operating activities was $74.7 million compared with net cash used in operating activities of $246.6 million for six months ended June 30, 2014. The improvement in operating cash flow was primarily the result of improved year-over-year operating performance in all segments. The company is updating its full-year 2015 adjusted earnings per diluted share guidance to a range of $3.30 to $3.45 from a range of $3.15 to $3.40 per diluted share. CapEx for 2015, including spending that spilled over from 2014, is approximately $130 million.

WellCare Health Plans Seeks Acquisitions

WellCare Health Plans, Inc. (NYSE:WCG) is looking to buy assets.

Wellcare Names Kathy Warner as State President, South Carolina

WellCare Health Plans, Inc. announced that it has named Kathy Warner state president, South Carolina, effective July 26, 2015. She has responsibility for WellCare's Medicaid and Medicare Advantage businesses across the state and will lead the company's statewide quality and growth initiatives. Warner has served as the company's chief operating officer for South Carolina since March 2013. She will continue to report to Roman Kulich, WellCare's region president for Georgia and South Carolina. Warner has more than 28 years of health care experience and has served in various health care executive roles. Prior to being WellCare of South Carolina's COO, she was WellCare's vice president of field network management for Georgia. She also served as market COO for central and southwest Georgia.

 

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Industry Analysis

WCG

Industry Average

Valuation WCG Industry Range
Price/Earnings 42.0x
Price/Sales 0.3x
Price/Book 2.4x
Price/Cash Flow 24.9x
TEV/Sales 0.1x
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