Zacks: Brokerages Expect FLEETCOR Technologies, Inc. (NYSE:FLT) to Post $3.49 Earnings Per Share

Equities analysts expect FLEETCOR Technologies, Inc. (NYSE:FLT) to announce $3.49 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for FLEETCOR Technologies’ earnings. The lowest EPS estimate is $3.45 and the highest is $3.57. FLEETCOR Technologies posted earnings per share of $2.80 in the same quarter last year, which suggests a positive year-over-year growth rate of 24.6%. The firm is expected to issue its next earnings results on Thursday, November 4th.

On average, analysts expect that FLEETCOR Technologies will report full year earnings of $12.96 per share for the current financial year, with EPS estimates ranging from $12.92 to $13.10. For the next year, analysts expect that the firm will report earnings of $15.10 per share, with EPS estimates ranging from $14.84 to $16.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow FLEETCOR Technologies.

FLEETCOR Technologies (NYSE:FLT) last posted its earnings results on Wednesday, August 4th. The business services provider reported $3.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.94 by $0.21. FLEETCOR Technologies had a net margin of 31.43% and a return on equity of 29.53%. The business had revenue of $667.38 million for the quarter, compared to analysts’ expectations of $637.45 million. During the same period in the prior year, the company posted $2.28 EPS. The business’s revenue for the quarter was up 27.1% compared to the same quarter last year.

Several analysts have issued reports on the stock. TheStreet upgraded shares of FLEETCOR Technologies from a “c+” rating to a “b” rating in a research note on Friday, August 6th. Credit Suisse Group increased their target price on shares of FLEETCOR Technologies from $270.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of FLEETCOR Technologies from $305.00 to $319.00 and gave the company an “overweight” rating in a research report on Tuesday, August 17th. Finally, Morgan Stanley raised their price objective on shares of FLEETCOR Technologies from $275.00 to $285.00 and gave the company an “equal weight” rating in a research report on Thursday, August 5th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $318.00.

NYSE FLT traded up $2.22 on Wednesday, hitting $269.33. The stock had a trading volume of 22,080 shares, compared to its average volume of 610,387. FLEETCOR Technologies has a 52-week low of $214.88 and a 52-week high of $295.36. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The firm has a 50-day moving average of $259.01 and a 200-day moving average of $268.90.

Institutional investors have recently made changes to their positions in the business. Certified Advisory Corp bought a new stake in FLEETCOR Technologies in the 1st quarter worth $27,000. PNC Managed Account Solutions Inc. bought a new stake in FLEETCOR Technologies in the 2nd quarter worth $33,000. Clearstead Advisors LLC bought a new stake in shares of FLEETCOR Technologies during the 2nd quarter valued at about $35,000. Exchange Traded Concepts LLC bought a new stake in shares of FLEETCOR Technologies during the 2nd quarter valued at about $46,000. Finally, Berman Capital Advisors LLC boosted its stake in shares of FLEETCOR Technologies by 36.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 203 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 54 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

FLEETCOR Technologies Company Profile

FLEETCOR Technologies, Inc engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F.

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