Key Developments: Wellcare Health Plans Inc (WCG)
54.66USD
17 May 2013
$-0.25 (-0.46%)
$54.91
$54.98
$55.56
$54.32
773,065
520,634
$68.65
$44.75
Latest Key Developments (Source: Significant Developments)
Wellcare Health Plans Inc Raises FY 2013 EPS Guidance
Wellcare Health Plans Inc updated fiscal 2013 guidance and expects adjusted net income per diluted share (EPS) to be between approximately $4.60 and $4.90. The previous guidance was for adjusted net income per diluted share of between approximately $4.50 and $4.85. The improved outlook principally is due to the favorable development of prior years' medical benefits payable included in the Company's first quarter results, offset by the impact, beginning in April, of the U.S. federal budget sequestration to the Medicare Advantage and Medicare PDP segments. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $4.88 for fiscal 2013. Full Article
Wellcare Health Plans Inc Announces Resignation Of Chairman-Form 8-K
Wellcare Health Plans Inc reported in its Form 8-K that on March 6, 2013, Charles G. Berg, Chairman of the Board of Directors of WellCare Health Plans, Inc. (Company), notified the Company of his decision not to stand for re-election at the Company’s annual stockholders’ meeting, which is presently anticipated to be held on May 22, 2013. Full Article
Wellcare Health Plans Inc Reaffirms FY 2013 EPS Guidance-Conference Call
Wellcare Health Plans Inc announced that for fiscal 2013, it expects earnings per share (EPS) in the range of $4.50 to $4.85. Full Article
Wellcare Health Plans Inc Issues FY 2013 EPS Guidance Below Analysts' Estimates
Wellcare Health Plans Inc announced that for fiscal 2013, it expects adjusted net income per diluted share (EPS) to be between approximately $4.50 and $4.85. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $4.97 for fiscal 2013. Full Article
Aetna Inc Agrees To Sell Missouri Medicaid Business To WellCare Health Plans, Inc.-DJ
Dow Jones reported that Aetna Inc has agreed to sell its Missouri Medicaid business to WellCare Health Plans, Inc. for an undisclosed amount. Full Article
Wellcare Health Plans Inc Lowers FY 2012 Guidance
Wellcare Health Plans Inc announced that it has decreased guidance for fiscal 2012 adjusted net income per diluted share to between $4.90 and $5.05. The previous guidance was for adjusted net income per diluted share of between approximately $5.25 and $5.45. The reduction results principally from the isolated revenue matter associated with the Georgia Medicaid program and lower-than-targeted performance of the Kentucky Medicaid program. Premium revenue is expected to be between approximately $7.15 and 7.20 billion for fiscal 2012, compared to previous guidance was for premium revenue to be approximately $7.1 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.40 on revenue of $7.2 billion for fiscal 2012. Full Article
Wellcare Health Plans Inc To Acquire UnitedHealthcare Group`s Medicaid Business In South Carolina
Wellcare Health Plans Inc announced that it has entered into an agreement to acquire UnitedHealthcare`s Medicaid business in South Carolina from UnitedHealth Group. The transaction is subject to regulatory approvals, and WellCare anticipates that the transaction will close during the fourth quarter of 2012. Financial terms were not disclosed. Full Article
WellCare Health Plans, Inc. Raises FY 2012 EPS Guidance; Updates FY 2012 Revenue Guidance
WellCare Health Plans, Inc. announced that for fiscal 2012, it expects adjusted net income per diluted share to be between approximately $5.25 and $5.45. The previous guidance was for adjusted net income per diluted share to be between approximately $5.20 and $5.40. Premium revenue is expected to be approximately $7.1 billion. Previous guidance was for premium revenue to be between approximately $7.0 and $7.1 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.41 on revenue of $7.1 billion for fiscal 2012. Full Article
WellCare Health Plans, Inc. Raises FY 2012 Guidance
WellCare Health Plans, Inc. updated fiscal 2012 outlook and expects adjusted net income per diluted share to be between approximately $5.20 and $5.40, an increase from the previous guidance of $4.40 and $4.60. The increase is driven primarily by the net favorable development of medical benefits payable recorded in the first quarter of 2012. Premium revenue is expected to be between approximately $7.0 and $7.1 billion in fiscal 2012, an increase from the previous guidance of $6.95 and $7.05 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $4.66 on revenue of $7.0 billion for fiscal 2012. Full Article
WellCare Health Plans, Inc. Issues FY 2012 Guidance
WellCare Health Plans, Inc. announced that for fiscal 2012, it expects adjusted net income per diluted share (EPS) to be between approximately $4.40 and $4.60 and premium revenue to be between approximately $6.95 and $7.05 billion. Full Article
Kentucky turnaround to drive Wellcare profit (Feb 13)
- Managed care provider Wellcare Health Plans Inc's fourth-quarter profit edged past analysts' estimates on growth in its Kentucky Medicaid health plan that previously dragged on the results of several insurers.
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