Zacks: Brokerages Anticipate FLEETCOR Technologies, Inc. (NYSE:FLT) to Announce $2.70 EPS


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Wall Street brokerages expect FLEETCOR Technologies, Inc. (NYSE:FLT) to post $2.70 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for FLEETCOR Technologies’ earnings. The lowest EPS estimate is $2.63 and the highest is $2.77. FLEETCOR Technologies posted earnings per share of $3.00 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The company is scheduled to announce its next earnings results on Thursday, May 6th.

On average, analysts expect that FLEETCOR Technologies will report full-year earnings of $12.40 per share for the current financial year, with EPS estimates ranging from $12.18 to $12.70. For the next fiscal year, analysts anticipate that the company will post earnings of $14.57 per share, with EPS estimates ranging from $13.66 to $15.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover FLEETCOR Technologies.

FLEETCOR Technologies (NYSE:FLT) last posted its earnings results on Thursday, February 4th. The business services provider reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.20. The company had revenue of $617.33 million for the quarter, compared to analyst estimates of $603.81 million. FLEETCOR Technologies had a net margin of 29.55% and a return on equity of 30.65%. During the same period in the previous year, the business posted $3.17 EPS.

Several brokerages have recently issued reports on FLT. Barclays upped their target price on shares of FLEETCOR Technologies from $292.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, February 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of FLEETCOR Technologies from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a research note on Thursday, April 1st. Bank of America upgraded shares of FLEETCOR Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, January 6th. Susquehanna Bancshares raised their target price on shares of FLEETCOR Technologies from $305.00 to $350.00 and gave the company a “positive” rating in a report on Thursday, April 1st. Finally, Credit Suisse Group raised their price target on shares of FLEETCOR Technologies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company. FLEETCOR Technologies has an average rating of “Buy” and a consensus target price of $292.65.

Shares of NYSE:FLT opened at $281.27 on Monday. FLEETCOR Technologies has a 52 week low of $203.18 and a 52 week high of $292.70. The company’s 50 day moving average is $279.52 and its two-hundred day moving average is $262.74. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.08. The company has a market cap of $23.46 billion, a PE ratio of 33.93, a P/E/G ratio of 2.49 and a beta of 1.50.

A number of large investors have recently added to or reduced their stakes in FLT. Viking Global Investors LP raised its holdings in shares of FLEETCOR Technologies by 383.1% during the 4th quarter. Viking Global Investors LP now owns 2,269,747 shares of the business services provider’s stock worth $619,255,000 after buying an additional 1,799,953 shares in the last quarter. Norges Bank acquired a new position in shares of FLEETCOR Technologies during the fourth quarter valued at about $191,887,000. Mawer Investment Management Ltd. raised its stake in shares of FLEETCOR Technologies by 137.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,067,317 shares of the business services provider’s stock worth $291,196,000 after purchasing an additional 618,617 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in FLEETCOR Technologies by 105.8% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 302,028 shares of the business services provider’s stock worth $82,402,000 after acquiring an additional 155,268 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in FLEETCOR Technologies by 325.9% in the 4th quarter. Victory Capital Management Inc. now owns 199,570 shares of the business services provider’s stock worth $54,449,000 after purchasing an additional 152,715 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

FLEETCOR Technologies Company Profile

FLEETCOR Technologies, Inc operates as a business payments company that simplifies the way businesses manage and pay expenses. The company's portfolio of brands help companies automate, secure, digitize, and control payments on behalf of employees and suppliers. It offers payment solutions in five primary categories, including fuel, lodging, tolls, corporate payments, and gift.

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