Zacks: Analysts Anticipate FLEETCOR Technologies, Inc. (NYSE:FLT) to Announce $3.83 Earnings Per Share

Analysts predict that FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) will report earnings per share (EPS) of $3.83 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for FLEETCOR Technologies’ earnings, with estimates ranging from $3.66 to $3.90. FLEETCOR Technologies posted earnings of $3.15 per share in the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that FLEETCOR Technologies will report full year earnings of $15.67 per share for the current financial year, with EPS estimates ranging from $15.58 to $15.81. For the next fiscal year, analysts anticipate that the company will report earnings of $17.54 per share, with EPS estimates ranging from $16.94 to $18.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover FLEETCOR Technologies.

FLEETCOR Technologies (NYSE:FLT – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The business services provider reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.08. The firm had revenue of $789.20 million during the quarter, compared to analyst estimates of $756.56 million. FLEETCOR Technologies had a return on equity of 34.88% and a net margin of 28.97%. FLEETCOR Technologies’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.66 EPS.

A number of research analysts recently issued reports on FLT shares. Barclays boosted their price objective on FLEETCOR Technologies from $306.00 to $312.00 and gave the company an “overweight” rating in a research report on Thursday, April 14th. Wells Fargo & Company started coverage on FLEETCOR Technologies in a research report on Monday, April 4th. They set an “overweight” rating and a $294.00 price objective for the company. Truist Financial boosted their price objective on FLEETCOR Technologies from $280.00 to $290.00 in a research report on Monday, May 9th. TheStreet lowered FLEETCOR Technologies from a “b-” rating to a “c” rating in a research report on Thursday. Finally, StockNews.com assumed coverage on FLEETCOR Technologies in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $290.71.

Hedge funds have recently modified their holdings of the company. Raymond James Trust N.A. lifted its position in shares of FLEETCOR Technologies by 5.0% during the 4th quarter. Raymond James Trust N.A. now owns 967 shares of the business services provider’s stock worth $216,000 after purchasing an additional 46 shares during the last quarter. Ieq Capital LLC lifted its position in shares of FLEETCOR Technologies by 3.4% during the 4th quarter. Ieq Capital LLC now owns 1,460 shares of the business services provider’s stock worth $327,000 after purchasing an additional 48 shares during the last quarter. Marshall Financial Group LLC lifted its position in shares of FLEETCOR Technologies by 1.3% during the 1st quarter. Marshall Financial Group LLC now owns 4,133 shares of the business services provider’s stock worth $1,029,000 after purchasing an additional 52 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of FLEETCOR Technologies by 5.3% during the 4th quarter. Private Advisor Group LLC now owns 1,056 shares of the business services provider’s stock worth $236,000 after purchasing an additional 53 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of FLEETCOR Technologies by 3.1% during the 1st quarter. Cetera Investment Advisers now owns 1,832 shares of the business services provider’s stock worth $456,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Shares of FLT traded up $9.11 during mid-day trading on Friday, hitting $249.48. The stock had a trading volume of 373,048 shares, compared to its average volume of 566,630. The company has a market cap of $19.30 billion, a PE ratio of 23.56, a PEG ratio of 0.99 and a beta of 1.22. The company’s fifty day simple moving average is $244.36 and its two-hundred day simple moving average is $235.26. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.52. FLEETCOR Technologies has a fifty-two week low of $200.78 and a fifty-two week high of $282.02.

FLEETCOR Technologies Company Profile (Get Rating)

FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.

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