Wall Street brokerages expect FleetCor Technologies, Inc. (NYSE:FLT) to post sales of $524.89 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for FleetCor Technologies’ earnings. The lowest sales estimate is $478.24 million and the highest is $567.70 million. FleetCor Technologies posted sales of $647.09 million in the same quarter last year, which would indicate a negative year over year growth rate of 18.9%. The firm is expected to report its next earnings results on Tuesday, August 4th.
On average, analysts expect that FleetCor Technologies will report full year sales of $2.43 billion for the current financial year, with estimates ranging from $2.30 billion to $2.57 billion. For the next financial year, analysts forecast that the firm will report sales of $2.75 billion, with estimates ranging from $2.56 billion to $2.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover FleetCor Technologies.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $3.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.83 by $0.17. FleetCor Technologies had a net margin of 32.37% and a return on equity of 29.18%. The business had revenue of $661.09 million for the quarter, compared to analyst estimates of $636.20 million. During the same period last year, the business earned $2.67 EPS. The company’s revenue was up 6.3% on a year-over-year basis.
Shares of FLT traded up $3.97 during midday trading on Friday, reaching $250.12. The stock had a trading volume of 11,512 shares, compared to its average volume of 985,489. FleetCor Technologies has a 1-year low of $168.51 and a 1-year high of $329.85. The company’s fifty day simple moving average is $249.20 and its two-hundred day simple moving average is $261.60. The company has a market cap of $21.03 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.93 and a beta of 1.48. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.93 and a quick ratio of 0.93.
In related news, insider Alexey Gavrilenya sold 5,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $279.91, for a total transaction of $1,399,550.00. Following the sale, the insider now owns 7,661 shares of the company’s stock, valued at $2,144,390.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.60% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Cetera Advisor Networks LLC grew its stake in FleetCor Technologies by 68.2% during the fourth quarter. Cetera Advisor Networks LLC now owns 1,342 shares of the business services provider’s stock worth $385,000 after buying an additional 544 shares during the period. Natixis Advisors L.P. purchased a new position in shares of FleetCor Technologies in the fourth quarter valued at $3,214,000. Korea Investment CORP boosted its stake in shares of FleetCor Technologies by 11.6% in the fourth quarter. Korea Investment CORP now owns 40,300 shares of the business services provider’s stock valued at $11,595,000 after purchasing an additional 4,200 shares during the period. KBC Group NV boosted its stake in shares of FleetCor Technologies by 1.2% in the fourth quarter. KBC Group NV now owns 18,699 shares of the business services provider’s stock valued at $5,380,000 after purchasing an additional 223 shares during the period. Finally, OneAscent Financial Services LLC purchased a new position in shares of FleetCor Technologies in the fourth quarter valued at $622,000. 91.39% of the stock is owned by institutional investors and hedge funds.
FleetCor Technologies Company Profile
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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