$3.49 Earnings Per Share Expected for FLEETCOR Technologies, Inc. (NYSE:FLT) This Quarter

Wall Street analysts predict that FLEETCOR Technologies, Inc. (NYSE:FLT) will announce earnings of $3.49 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for FLEETCOR Technologies’ earnings, with the lowest EPS estimate coming in at $3.45 and the highest estimate coming in at $3.57. FLEETCOR Technologies reported earnings of $2.80 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 24.6%. The business is expected to issue its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that FLEETCOR Technologies will report full year earnings of $12.96 per share for the current fiscal year, with EPS estimates ranging from $12.92 to $13.10. For the next fiscal year, analysts anticipate that the business will report earnings of $15.10 per share, with EPS estimates ranging from $14.84 to $16.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover FLEETCOR Technologies.

FLEETCOR Technologies (NYSE:FLT) last announced its quarterly earnings data on Wednesday, August 4th. The business services provider reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.21. The firm had revenue of $667.38 million for the quarter, compared to analysts’ expectations of $637.45 million. FLEETCOR Technologies had a net margin of 31.43% and a return on equity of 29.53%. The business’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share.

FLT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of FLEETCOR Technologies from $305.00 to $319.00 and gave the stock an “overweight” rating in a report on Tuesday, August 17th. 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 lifted their price target on shares of FLEETCOR Technologies from $270.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 6th. Finally, Morgan Stanley lifted their price target on shares of FLEETCOR Technologies from $275.00 to $285.00 and gave the company an “equal weight” rating in a research note 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $318.00.

A number of hedge funds have recently added to or reduced their stakes in FLT. Jupiter Asset Management Ltd. bought a new stake in shares of FLEETCOR Technologies in the 2nd quarter valued at $10,516,000. Viking Global Investors LP boosted its stake in shares of FLEETCOR Technologies by 16.0% in the 1st quarter. Viking Global Investors LP now owns 2,632,323 shares of the business services provider’s stock valued at $707,121,000 after purchasing an additional 362,576 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of FLEETCOR Technologies by 1,249.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 50,827 shares of the business services provider’s stock valued at $13,654,000 after purchasing an additional 47,060 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of FLEETCOR Technologies by 10.5% in the 1st quarter. Allianz Asset Management GmbH now owns 734,659 shares of the business services provider’s stock valued at $197,351,000 after purchasing an additional 69,738 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of FLEETCOR Technologies by 0.3% in the 1st quarter. Teacher Retirement System of Texas now owns 412,238 shares of the business services provider’s stock valued at $110,739,000 after purchasing an additional 1,256 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Shares of NYSE FLT opened at $252.29 on Wednesday. The company’s fifty day moving average is $258.62 and its 200-day moving average is $269.31. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.41 and a beta of 1.44. FLEETCOR Technologies has a twelve month low of $214.88 and a twelve month high of $295.36. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.07.

About FLEETCOR Technologies

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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