WageWorks (WAGE) Earns Media Sentiment Rating of 0.27
News articles about WageWorks (NYSE:WAGE) have been trending positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WageWorks earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.414614825705 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of WageWorks (NYSE:WAGE) opened at 63.90 on Tuesday. The stock has a market cap of $2.54 billion, a P/E ratio of 58.36 and a beta of 0.84. The stock’s 50 day moving average is $60.25 and its 200 day moving average is $65.90. WageWorks has a 12 month low of $55.65 and a 12 month high of $80.50.
WageWorks (NYSE:WAGE) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). WageWorks had a return on equity of 9.52% and a net margin of 9.60%. The company had revenue of $119.90 million for the quarter, compared to analyst estimates of $119.18 million. During the same period in the previous year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 36.7% compared to the same quarter last year. Analysts predict that WageWorks will post $1.75 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of WageWorks from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Needham & Company LLC restated a “buy” rating and set a $82.00 price objective on shares of WageWorks in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of WageWorks from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective on shares of WageWorks in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $80.30.
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WageWorks Company Profile
WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.
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