Equities research analysts expect that FleetCor Technologies, Inc. (NYSE:FLT) will post $604.76 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for FleetCor Technologies’ earnings. The lowest sales estimate is $572.99 million and the highest is $656.30 million. FleetCor Technologies reported sales of $520.43 million in the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that FleetCor Technologies will report full year sales of $604.76 million for the current financial year, with estimates ranging from $2.52 billion to $2.81 billion. For the next fiscal year, analysts expect that the business will report sales of $2.78 billion per share, with estimates ranging from $2.75 billion to $2.81 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow FleetCor Technologies.
FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.09. The business had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $605.87 million. FleetCor Technologies had a net margin of 32.90% and a return on equity of 21.59%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $1.90 earnings per share.
A number of analysts recently weighed in on FLT shares. Credit Suisse Group raised their target price on shares of FleetCor Technologies from $209.00 to $211.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Oppenheimer raised their target price on shares of FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Citigroup raised their target price on shares of FleetCor Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Wells Fargo & Co set a $225.00 target price on shares of FleetCor Technologies and gave the stock a “buy” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $209.21.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in FleetCor Technologies by 42.2% in the 4th quarter. BlackRock Inc. now owns 6,119,055 shares of the business services provider’s stock worth $1,177,491,000 after purchasing an additional 1,816,729 shares during the period. Ameriprise Financial Inc. boosted its stake in FleetCor Technologies by 31.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,701,521 shares of the business services provider’s stock worth $263,344,000 after purchasing an additional 404,670 shares during the period. TimesSquare Capital Management LLC boosted its stake in FleetCor Technologies by 13.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 834,770 shares of the business services provider’s stock worth $160,635,000 after purchasing an additional 101,130 shares during the period. Wells Fargo & Company MN boosted its stake in FleetCor Technologies by 128.8% in the 3rd quarter. Wells Fargo & Company MN now owns 598,702 shares of the business services provider’s stock worth $92,661,000 after purchasing an additional 337,073 shares during the period. Finally, Kensico Capital Management Corp boosted its stake in FleetCor Technologies by 52.5% in the 3rd quarter. Kensico Capital Management Corp now owns 450,000 shares of the business services provider’s stock worth $69,647,000 after purchasing an additional 155,000 shares during the period. 99.13% of the stock is owned by hedge funds and other institutional investors.
Shares of FleetCor Technologies (NYSE:FLT) traded up $0.43 during trading hours on Monday, reaching $204.07. 492,409 shares of the company were exchanged, compared to its average volume of 628,222. The company has a market capitalization of $17,911.40, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52. FleetCor Technologies has a 1 year low of $121.52 and a 1 year high of $213.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.86.
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FleetCor Technologies Company Profile
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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