$3.53 EPS Expected for FLEETCOR Technologies, Inc. (NYSE:FLT) This Quarter

Equities research analysts expect FLEETCOR Technologies, Inc. (NYSE:FLTGet Rating) to announce $3.53 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for FLEETCOR Technologies’ earnings, with estimates ranging from $3.45 to $3.60. FLEETCOR Technologies posted earnings per share of $2.82 in the same quarter last year, which suggests a positive year-over-year growth rate of 25.2%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that FLEETCOR Technologies will report full year earnings of $15.49 per share for the current financial year, with EPS estimates ranging from $15.32 to $15.73. For the next financial year, analysts forecast that the business will report earnings of $17.65 per share, with EPS estimates ranging from $17.36 to $18.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow FLEETCOR Technologies.

FLEETCOR Technologies (NYSE:FLTGet Rating) last posted its earnings results on Tuesday, February 8th. The business services provider reported $3.47 EPS for the quarter, topping the Zacks’ consensus estimate of $3.33 by $0.14. The business had revenue of $802.26 million during the quarter, compared to analyst estimates of $768.85 million. FLEETCOR Technologies had a return on equity of 32.65% and a net margin of 29.63%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.92 EPS.

FLT has been the topic of a number of research reports. StockNews.com initiated coverage on FLEETCOR Technologies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company initiated coverage on FLEETCOR Technologies in a research note on Monday, April 4th. They issued an “overweight” rating and a $294.00 price target on the stock. Mizuho raised their price target on FLEETCOR Technologies from $255.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 16th. Barclays lifted their target price on FLEETCOR Technologies from $306.00 to $312.00 and gave the company an “overweight” rating in a research report on Thursday, April 14th. Finally, Morgan Stanley lowered their target price on FLEETCOR Technologies from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, FLEETCOR Technologies has a consensus rating of “Hold” and a consensus target price of $301.88.

FLT stock opened at $249.52 on Friday. The company has a market cap of $19.44 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31. FLEETCOR Technologies has a 1 year low of $200.78 and a 1 year high of $295.19. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average price is $243.81 and its 200-day moving average price is $238.76.

Large investors have recently bought and sold shares of the business. KB Financial Partners LLC bought a new stake in FLEETCOR Technologies during the fourth quarter valued at about $26,000. MUFG Americas Holdings Corp raised its holdings in FLEETCOR Technologies by 628.6% during the third quarter. MUFG Americas Holdings Corp now owns 102 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 88 shares during the period. Consolidated Planning Corp bought a new stake in FLEETCOR Technologies during the third quarter valued at about $28,000. Allworth Financial LP bought a new stake in FLEETCOR Technologies during the first quarter valued at about $29,000. Finally, Lindbrook Capital LLC raised its holdings in FLEETCOR Technologies by 73.5% during the fourth quarter. Lindbrook Capital LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 61 shares during the period. 91.91% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for FLEETCOR Technologies (NYSE:FLT)

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