Equities analysts expect WageWorks, Inc. (NYSE:WAGE) to announce earnings of $0.41 per share for the current quarter, according to Zacks. Four analysts have made estimates for WageWorks’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.40. WageWorks posted earnings of $0.34 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 20.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that WageWorks will report full year earnings of $1.75 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.79. For the next fiscal year, analysts expect that the firm will post earnings of $1.94 per share, with EPS estimates ranging from $1.88 to $2.07. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for WageWorks.

WageWorks (NYSE:WAGE) last released its earnings results on Tuesday, August 1st. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). The company had revenue of $119.90 million during the quarter, compared to analyst estimates of $119.18 million. WageWorks had a net margin of 9.60% and a return on equity of 9.52%. The company’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS.

WAGE has been the topic of several recent research reports. Zacks Investment Research downgraded WageWorks from a “strong-buy” rating to a “hold” rating in a report on Friday, July 7th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price target on shares of WageWorks in a report on Friday, October 6th. BidaskClub raised WageWorks from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of WageWorks in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. WageWorks has a consensus rating of “Hold” and a consensus target price of $80.30.

WageWorks (WAGE) traded up 0.08% on Friday, hitting $64.90. The stock had a trading volume of 90,841 shares. WageWorks has a 12-month low of $55.65 and a 12-month high of $80.50. The company’s 50 day moving average price is $60.98 and its 200-day moving average price is $65.72. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 59.27 and a beta of 0.84.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BB&T Corp increased its position in WageWorks by 38.8% in the 3rd quarter. BB&T Corp now owns 6,128 shares of the business services provider’s stock valued at $372,000 after acquiring an additional 1,714 shares during the period. Summit Creek Advisors LLC increased its position in WageWorks by 19.0% in the 3rd quarter. Summit Creek Advisors LLC now owns 271,193 shares of the business services provider’s stock valued at $16,461,000 after acquiring an additional 43,273 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in WageWorks in the 2nd quarter valued at approximately $575,000. Ameritas Investment Partners Inc. increased its position in WageWorks by 3.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,275 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 122 shares during the period. Finally, Nomura Holdings Inc. increased its position in WageWorks by 185.9% in the 2nd quarter. Nomura Holdings Inc. now owns 8,406 shares of the business services provider’s stock valued at $564,000 after acquiring an additional 5,466 shares during the period.

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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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