Media headlines about WageWorks (NYSE:WAGE) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WageWorks earned a news impact score of 0.19 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.2650024063715 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
WAGE has been the subject of several analyst reports. BidaskClub raised WageWorks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Zacks Investment Research raised WageWorks from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price target on shares of WageWorks in a report on Friday, October 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target (down from $85.00) on shares of WageWorks in a report on Thursday, November 9th. Finally, ValuEngine raised WageWorks from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.75.
WageWorks (NYSE:WAGE) traded down $0.65 during trading on Friday, hitting $61.25. The stock had a trading volume of 256,151 shares, compared to its average volume of 265,831. WageWorks has a fifty-two week low of $56.90 and a fifty-two week high of $80.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $2,453.50, a P/E ratio of 52.35, a P/E/G ratio of 2.77 and a beta of 0.90.
WageWorks (NYSE:WAGE) last posted its earnings results on Wednesday, November 8th. The business services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. WageWorks had a return on equity of 9.60% and a net margin of 9.87%. The business had revenue of $115.70 million during the quarter, compared to the consensus estimate of $117.09 million. During the same period in the previous year, the business earned $0.34 EPS. The business’s quarterly revenue was up 30.1% on a year-over-year basis. sell-side analysts forecast that WageWorks will post 1.25 earnings per share for the current year.
In related news, insider Kimberly L. Wilford sold 50,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $62.13, for a total value of $3,106,500.00. Following the transaction, the insider now owns 93,238 shares in the company, valued at approximately $5,792,876.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John William Larson sold 30,500 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.76, for a total value of $1,944,680.00. Following the completion of the transaction, the director now owns 42,930 shares in the company, valued at approximately $2,737,216.80. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by insiders.
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WageWorks Company Profile
WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.
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