Brokerages expect Wageworks Inc (NYSE:WAGE) to report earnings per share of $0.53 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Wageworks’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.47. Wageworks reported earnings of $0.46 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.2%. The business is expected to report its next quarterly earnings results on Thursday, June 28th.
According to Zacks, analysts expect that Wageworks will report full-year earnings of $2.20 per share for the current year, with EPS estimates ranging from $1.82 to $2.53. For the next fiscal year, analysts expect that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.12 to $2.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Wageworks.
A number of equities analysts have recently issued reports on WAGE shares. ValuEngine downgraded Wageworks from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 12th. TheStreet downgraded Wageworks from a “b-” rating to a “c+” rating in a research report on Wednesday, March 7th. Zacks Investment Research downgraded Wageworks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 26th. Needham & Company LLC initiated coverage on Wageworks in a research report on Friday, April 6th. They issued a “hold” rating on the stock. Finally, JMP Securities reissued an “outperform” rating and issued a $60.00 target price (down from $82.00) on shares of Wageworks in a research report on Monday, April 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $69.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. acquired a new position in shares of Wageworks in the 4th quarter valued at $223,000. Xact Kapitalforvaltning AB purchased a new stake in Wageworks in the fourth quarter valued at $237,000. Paloma Partners Management Co purchased a new stake in Wageworks in the fourth quarter valued at $275,000. Elkfork Partners LLC purchased a new stake in Wageworks in the fourth quarter valued at $300,000. Finally, LPL Financial LLC boosted its holdings in Wageworks by 26.7% in the fourth quarter. LPL Financial LLC now owns 5,242 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 1,106 shares during the last quarter.
Shares of Wageworks traded up $0.50, reaching $51.10, during trading hours on Thursday, MarketBeat Ratings reports. 7,141 shares of the company’s stock were exchanged, compared to its average volume of 346,324. The company has a market cap of $2.03 billion, a PE ratio of 40.88, a PEG ratio of 1.96 and a beta of 0.97. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41. Wageworks has a fifty-two week low of $38.40 and a fifty-two week high of $69.25.
Wageworks Company Profile
WageWorks, Inc engages in administering consumer-directed benefits (CDBs), which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States. It administers CDBs, 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 offers commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits.
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