Analysts forecast that FleetCor Technologies, Inc. (NYSE:FLT) will announce $634.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for FleetCor Technologies’ earnings, with the lowest sales estimate coming in at $627.90 million and the highest estimate coming in at $644.82 million. FleetCor Technologies posted sales of $584.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that FleetCor Technologies will report full year sales of $2.64 billion for the current fiscal year, with estimates ranging from $2.61 billion to $2.65 billion. For the next year, analysts forecast that the company will post sales of $2.89 billion, with estimates ranging from $2.83 billion to $2.94 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover FleetCor Technologies.
FleetCor Technologies (NYSE:FLT) last released its earnings results on Tuesday, May 7th. The business services provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.10. The business had revenue of $621.80 million for the quarter, compared to the consensus estimate of $608.40 million. FleetCor Technologies had a return on equity of 26.56% and a net margin of 32.74%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 earnings per share.
Shares of NYSE FLT traded up $0.74 during midday trading on Wednesday, hitting $267.46. The stock had a trading volume of 377,900 shares, compared to its average volume of 630,008. FleetCor Technologies has a 1 year low of $172.18 and a 1 year high of $276.89. The company has a market cap of $23.02 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.91 and a quick ratio of 0.91.
A number of institutional investors have recently made changes to their positions in the stock. National Pension Service increased its stake in FleetCor Technologies by 5.3% during the fourth quarter. National Pension Service now owns 101,534 shares of the business services provider’s stock worth $22,388,000 after acquiring an additional 5,089 shares during the last quarter. New York State Common Retirement Fund increased its stake in FleetCor Technologies by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 186,951 shares of the business services provider’s stock worth $34,721,000 after acquiring an additional 691 shares during the last quarter. Northern Trust Corp increased its stake in FleetCor Technologies by 5.2% during the fourth quarter. Northern Trust Corp now owns 961,363 shares of the business services provider’s stock worth $178,545,000 after acquiring an additional 47,704 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in FleetCor Technologies by 3.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,019 shares of the business services provider’s stock worth $1,238,000 after acquiring an additional 181 shares during the last quarter. Finally, Centric Wealth Management acquired a new stake in FleetCor Technologies during the fourth quarter worth $202,000. Hedge funds and other institutional investors own 93.73% of the company’s stock.
About FleetCor Technologies
FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.
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