Equities analysts expect Fleetcor (NYSE:FLT) to report sales of $601.38 million for the current quarter, according to Zacks. Seven analysts have made estimates for Fleetcor’s earnings, with the highest sales estimate coming in at $608.98 million and the lowest estimate coming in at $596.60 million. Fleetcor reported sales of $520.43 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The firm is expected to issue its next earnings report on Monday, May 7th.
According to Zacks, analysts expect that Fleetcor will report full year sales of $2.54 billion for the current fiscal year, with estimates ranging from $2.53 billion to $2.55 billion. For the next year, analysts expect that the firm will post sales of $2.78 billion per share, with estimates ranging from $2.75 billion to $2.81 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Fleetcor.
Fleetcor (NYSE:FLT) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.09. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $605.87 million. Fleetcor had a net margin of 32.90% and a return on equity of 21.15%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 earnings per share.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Fleetcor from a “sell” rating to a “buy” rating and set a $224.00 price target on the stock in a research report on Wednesday, April 11th. Wells Fargo set a $225.00 price target on shares of Fleetcor and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Morgan Stanley reiterated a “buy” rating and issued a $235.00 price target (up from $232.00) on shares of Fleetcor in a research report on Wednesday, March 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $236.00 price target on shares of Fleetcor in a research report on Thursday, February 8th. Finally, Credit Suisse Group increased their price target on shares of Fleetcor from $186.00 to $206.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. 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. Fleetcor presently has an average rating of “Buy” and a consensus price target of $209.14.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Fleetcor by 42.2% during the fourth quarter. BlackRock Inc. now owns 6,119,055 shares of the business services provider’s stock valued at $1,177,491,000 after acquiring an additional 1,816,729 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Fleetcor by 13.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 834,770 shares of the business services provider’s stock valued at $160,635,000 after acquiring an additional 101,130 shares in the last quarter. Montag & Caldwell LLC grew its stake in shares of Fleetcor by 62.2% in the 4th quarter. Montag & Caldwell LLC now owns 423,629 shares of the business services provider’s stock worth $81,519,000 after buying an additional 162,464 shares in the last quarter. Atlantic Trust Group LLC grew its stake in shares of Fleetcor by 376.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 381,740 shares of the business services provider’s stock worth $59,083,000 after buying an additional 301,558 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Fleetcor by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 357,012 shares of the business services provider’s stock worth $68,700,000 after buying an additional 3,358 shares in the last quarter. 94.39% of the stock is owned by hedge funds and other institutional investors.
FLT traded up $6.22 during trading on Tuesday, hitting $209.05. The company’s stock had a trading volume of 1,038,686 shares, compared to its average volume of 527,665. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.79. Fleetcor has a one year low of $121.52 and a one year high of $213.74. The company has a market capitalization of $18,049.78, a PE ratio of 26.53, a PEG ratio of 1.27 and a beta of 1.46.
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