Wall Street analysts forecast that FleetCor Technologies, Inc. (NYSE:FLT) will announce earnings of $2.61 per share for the current quarter, according to Zacks. Seven analysts have made estimates for FleetCor Technologies’ earnings, with the highest EPS estimate coming in at $2.64 and the lowest estimate coming in at $2.58. FleetCor Technologies posted earnings of $2.50 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The firm is expected to announce its next earnings report on Thursday, May 2nd.

On average, analysts expect that FleetCor Technologies will report full-year earnings of $11.61 per share for the current fiscal year, with EPS estimates ranging from $11.51 to $11.70. For the next financial year, analysts expect that the company will report earnings of $13.34 per share, with EPS estimates ranging from $13.11 to $13.68. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for FleetCor Technologies.

FleetCor Technologies (NYSE:FLT) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $2.64 EPS for the quarter, missing the Zacks’ consensus estimate of $2.72 by ($0.08). FleetCor Technologies had a return on equity of 25.73% and a net margin of 33.35%. The business had revenue of $643.40 million for the quarter, compared to analyst estimates of $620.45 million. During the same quarter in the prior year, the company earned $2.42 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis.

A number of research firms have recently commented on FLT. Zacks Investment Research upgraded shares of FleetCor Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Jefferies Financial Group began coverage on shares of FleetCor Technologies in a research note on Monday, January 28th. They set a “hold” rating and a $210.00 price objective for the company. Deutsche Bank reduced their price objective on shares of FleetCor Technologies to $212.00 and set a “buy” rating for the company in a research note on Tuesday, December 18th. Finally, Wolfe Research downgraded shares of FleetCor Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $231.00.

Shares of FleetCor Technologies stock traded up $3.55 during trading hours on Friday, reaching $224.05. 618,552 shares of the company’s stock were exchanged, compared to its average volume of 622,811. FleetCor Technologies has a fifty-two week low of $172.18 and a fifty-two week high of $230.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.92. The company has a market cap of $27.52 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.25 and a beta of 1.29.

Several hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its holdings in shares of FleetCor Technologies by 0.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,315 shares of the business services provider’s stock valued at $3,216,000 after purchasing an additional 54 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of FleetCor Technologies by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,977 shares of the business services provider’s stock valued at $552,000 after purchasing an additional 56 shares during the period. Captrust Financial Advisors raised its holdings in shares of FleetCor Technologies by 8.5% in the 4th quarter. Captrust Financial Advisors now owns 830 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 65 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of FleetCor Technologies by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,909 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 68 shares during the period. Finally, BB&T Securities LLC raised its holdings in shares of FleetCor Technologies by 1.8% in the 4th quarter. BB&T Securities LLC now owns 4,063 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 71 shares during the period. 70.10% of the stock is currently owned by institutional investors.

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

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