FleetCor Technologies, Inc. (NYSE:FLT) Expected to Post Earnings of $2.77 Per Share

Equities research analysts forecast that FleetCor Technologies, Inc. (NYSE:FLT) will post $2.77 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for FleetCor Technologies’ earnings. The highest EPS estimate is $2.99 and the lowest is $2.57. FleetCor Technologies reported earnings of $2.85 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.8%. The business is expected to report its next quarterly earnings results on Tuesday, August 4th.

According to Zacks, analysts expect that FleetCor Technologies will report full-year earnings of $10.79 per share for the current year, with EPS estimates ranging from $10.17 to $11.64. For the next year, analysts expect that the company will post earnings of $12.88 per share, with EPS estimates ranging from $12.48 to $13.40. Zacks’ EPS averages are an average based on a survey of research firms that cover FleetCor Technologies.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.17. The firm had revenue of $661.09 million for the quarter, compared to analyst estimates of $636.20 million. FleetCor Technologies had a net margin of 32.37% and a return on equity of 29.18%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.67 earnings per share.

Several equities analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $290.00 price objective (down previously from $340.00) on shares of FleetCor Technologies in a research report on Thursday, May 7th. Robert W. Baird lifted their price target on shares of FleetCor Technologies from $220.00 to $258.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Credit Suisse Group dropped their price target on shares of FleetCor Technologies from $255.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Oppenheimer assumed coverage on shares of FleetCor Technologies in a research report on Thursday, May 7th. They issued a “buy” rating and a $335.00 price target on the stock. Finally, SunTrust Banks lifted their price target on shares of FleetCor Technologies from $220.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. FleetCor Technologies currently has an average rating of “Hold” and an average price target of $280.18.

FLT traded up $3.97 during midday trading on Thursday, hitting $250.12. 11,512 shares of the company’s stock traded hands, compared to its average volume of 985,489. The company has a market cap of $21.03 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.93 and a beta of 1.48. The stock’s fifty day simple moving average is $249.20 and its 200-day simple moving average is $261.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.93 and a quick ratio of 0.93. FleetCor Technologies has a one year low of $168.51 and a one year high of $329.85.

In other news, insider Alexey Gavrilenya sold 5,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $279.91, for a total value of $1,399,550.00. Following the sale, the insider now owns 7,661 shares in the company, valued at $2,144,390.51. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 6.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. NumerixS Investment Technologies Inc bought a new position in shares of FleetCor Technologies in the fourth quarter valued at about $29,000. Orion Portfolio Solutions LLC bought a new position in shares of FleetCor Technologies in the fourth quarter valued at about $41,000. Bessemer Group Inc. raised its holdings in shares of FleetCor Technologies by 33.5% in the first quarter. Bessemer Group Inc. now owns 251 shares of the business services provider’s stock valued at $47,000 after buying an additional 63 shares during the last quarter. Pinz Capital Management LP bought a new position in shares of FleetCor Technologies in the first quarter valued at about $47,000. Finally, Sowell Financial Services LLC raised its holdings in shares of FleetCor Technologies by 154.9% in the fourth quarter. Sowell Financial Services LLC now owns 181 shares of the business services provider’s stock valued at $52,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 91.39% of the company’s stock.

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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