WellCare Reports Second Quarter 2016 Results

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Jefferies Raises Price Target on WellCare Health Plans (WCG) to $105 Following 2Q

August 3, 2016 10:33 AM EDT

Jefferies reiterated a Hold rating on WellCare Health Plans (NYSE: WCG), and raised the price target to $105.00 (from $101.00), following the company's 2Q earnings report and conference call. WCG raised EPS guidance 37c at the midpoint to $4.95-5.05.

Analyst David Windley commented, "We... More

WellCare Health Plans (WCG) Tops Q2 EPS by 83c

August 2, 2016 6:16 AM EDT

WellCare Health Plans (NYSE: WCG) reported Q2 EPS of $2.23, $0.83 better than the analyst estimate of $1.40. Revenue for the quarter came in at $3.59 billion versus the consensus estimate of $3.52 billion.

GUIDANCE:

WellCare Health Plans sees FY2016 EPS of $4.95-$5.05, versus prior... More