Equities research analysts expect FleetCor Technologies, Inc. (NYSE:FLT) to announce earnings per share (EPS) of $2.32 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for FleetCor Technologies’ earnings. The lowest EPS estimate is $2.29 and the highest is $2.37. FleetCor Technologies reported earnings of $1.90 per share during the same quarter last year, which indicates a positive year over year growth rate of 22.1%. The business is scheduled to issue its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that FleetCor Technologies will report full-year earnings of $8.44 per share for the current fiscal year, with EPS estimates ranging from $8.41 to $8.49. For the next year, analysts expect that the company will post earnings of $9.67 per share, with EPS estimates ranging from $9.52 to $9.77. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for FleetCor Technologies.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.04. FleetCor Technologies had a net margin of 25.66% and a return on equity of 20.99%. The company had revenue of $577.90 million for the quarter, compared to analysts’ expectations of $576.78 million. During the same quarter in the previous year, the firm posted $1.92 earnings per share. FleetCor Technologies’s revenue for the quarter was up 19.3% on a year-over-year basis.

A number of analysts have commented on the stock. BidaskClub raised shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $185.00 price objective on shares of FleetCor Technologies in a report on Tuesday, September 26th. Barclays upped their price objective on shares of FleetCor Technologies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, SunTrust Banks set a $180.00 price objective on shares of FleetCor Technologies and gave the company a “buy” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $187.31.

In other news, insider Kurt Patrick Adams sold 7,099 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the completion of the transaction, the insider now directly owns 9,246 shares of the company’s stock, valued at approximately $1,571,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in FLT. Commonwealth Bank of Australia boosted its holdings in FleetCor Technologies by 13.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock worth $105,000 after buying an additional 85 shares during the period. First Personal Financial Services lifted its stake in FleetCor Technologies by 49.9% in the 2nd quarter. First Personal Financial Services now owns 790 shares of the business services provider’s stock worth $114,000 after purchasing an additional 263 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in FleetCor Technologies in the 2nd quarter worth approximately $115,000. FNY Partners Fund LP purchased a new stake in FleetCor Technologies in the 3rd quarter worth approximately $125,000. Finally, Toronto Dominion Bank lifted its stake in FleetCor Technologies by 11.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock worth $163,000 after purchasing an additional 113 shares in the last quarter. 95.76% of the stock is owned by hedge funds and other institutional investors.

Shares of FleetCor Technologies (NYSE:FLT) opened at $186.43 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86. The company has a market cap of $16,696.86, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.53. FleetCor Technologies has a 1 year low of $121.52 and a 1 year high of $188.85.

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About FleetCor Technologies

FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.

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

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