Wall Street brokerages predict that FleetCor Technologies, Inc. (NYSE:FLT) will post $2.62 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for FleetCor Technologies’ earnings, with the lowest EPS estimate coming in at $2.60 and the highest estimate coming in at $2.64. FleetCor Technologies posted earnings of $2.50 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The business is scheduled to issue its next earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that FleetCor Technologies will report full-year earnings of $11.62 per share for the current financial year, with EPS estimates ranging from $11.51 to $11.78. For the next year, analysts forecast that the firm will post earnings of $13.38 per share, with EPS estimates ranging from $13.11 to $13.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow FleetCor Technologies.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Wednesday, February 6th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.08). FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The business had revenue of $643.40 million during the quarter, compared to analyst estimates of $620.45 million. During the same quarter in the prior year, the company posted $2.42 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year.
A number of equities research analysts recently issued reports on the stock. Mizuho reiterated a “neutral” rating and set a $230.00 target price on shares of FleetCor Technologies in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. BTIG Research increased their target price on shares of FleetCor Technologies from $253.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Wolfe Research cut shares of FleetCor Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, January 4th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $214.00 target price on shares of FleetCor Technologies in a research report on Monday, January 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $245.18.
Shares of FLT stock opened at $251.42 on Thursday. FleetCor Technologies has a 52-week low of $172.18 and a 52-week high of $253.96. The firm has a market capitalization of $21.59 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82.
A number of large investors have recently modified their holdings of FLT. JPMorgan Chase & Co. grew its holdings in FleetCor Technologies by 213.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,196 shares of the business services provider’s stock worth $70,220,000 after acquiring an additional 209,806 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of FleetCor Technologies by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 910,872 shares of the business services provider’s stock valued at $207,532,000 after purchasing an additional 17,886 shares during the last quarter. Virtu Financial LLC bought a new position in shares of FleetCor Technologies in the 3rd quarter valued at about $231,000. LPL Financial LLC boosted its stake in shares of FleetCor Technologies by 180.2% in the 3rd quarter. LPL Financial LLC now owns 10,816 shares of the business services provider’s stock valued at $2,464,000 after purchasing an additional 6,956 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of FleetCor Technologies by 22.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,586 shares of the business services provider’s stock valued at $22,918,000 after purchasing an additional 18,302 shares during the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.
About FleetCor Technologies
FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.
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