Profit ratio

FLEETCOR Technologies (FLT) will release its quarterly results on Wednesday


FLEETCOR Technologies (NYSE: FLTGet a rating) is expected to release earnings data after the market closes on Wednesday, August 3. Analysts expect FLEETCOR Technologies to post earnings of $3.54 per share for the quarter. FLEETCOR Technologies has set its second quarter guidance at $3.80-3.90 and its FY22 guidance at $15.45-15.75. Individuals wishing to register for the company’s earnings conference call can do so using this link.

FLEETCOR Technologies (NYSE: FLTGet a rating) last released its quarterly earnings data on Thursday, May 5. The business services provider reported EPS of $3.35 for the quarter, beating consensus analyst estimates of $3.27 by $0.08. The company posted revenue of $789.20 million for the quarter, compared to $756.56 million expected by analysts. FLEETCOR Technologies achieved a net margin of 28.97% and a return on equity of 34.88%. The company’s revenue increased 29.7% year over year. During the same period of the previous year, the company achieved EPS of $2.66. On average, analysts expect FLEETCOR Technologies to post EPS of $14 for the current fiscal year and EPS of $17 for the next fiscal year.

FLEETCOR Technologies Price Performance

Shares of NYSE FLT opened at $220.09 on Monday. FLEETCOR Technologies has a 52 week low of $200.78 and a 52 week high of $282.02. The stock has a market capitalization of $17.02 billion, a price/earnings ratio of 20.78, a PEG ratio of 0.98 and a beta of 1.25. The company’s 50-day moving average price is $224.04 and its 200-day moving average price is $234.29. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt ratio of 1.52.

Institutional entries and exits

Several hedge funds have recently bought and sold shares of FLT. Vanguard Group Inc. increased its stake in FLEETCOR Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 8,624,531 shares of the business services provider valued at $2,148,025,000 after purchasing an additional 111,367 shares during the period. Goldman Sachs Group Inc. increased its stake in FLEETCOR Technologies by 24.4% in the first quarter. Goldman Sachs Group Inc. now owns 247,592 shares of the business services provider valued at $61,665,000 after purchasing an additional 48,582 shares during the period. First Trust Advisors LP increased its stake in FLEETCOR Technologies by 546.5% in the first quarter. First Trust Advisors LP now owns 44,268 shares of the business services provider valued at $11,025,000 after purchasing an additional 37,421 shares during the period. Worldquant Millennium Advisors LLC bought a new position in FLEETCOR Technologies in the first quarter, valued at approximately $6,450,000. Finally, Walleye Capital LLC bought a new position in FLEETCOR Technologies in the first quarter valued at approximately $5,874,000. Hedge funds and other institutional investors hold 97.44% of the company’s shares.

Analyst upgrades and downgrades

Several equity research analysts have published reports on FLT stocks. Evercore ISI reaffirmed an “outperform” rating and set a price target of $300.00 on FLEETCOR Technologies shares in a Thursday, June 2 research note. Wells Fargo & Company cut its price target on FLEETCOR Technologies stock to $298.00 in a Friday, July 22 research note. Citigroup raised its price target on shares of FLEETCOR Technologies from $335.00 to $345.00 and assigned the stock a “buy” rating in a Thursday, June 9 research note. Truist Financial cut its price target on FLEETCOR Technologies shares from $290.00 to $275.00 and set a “buy” rating on the stock in a Thursday, June 30 research note. Finally, Barclays lowered its price target on FLEETCOR Technologies shares from $312.00 to $286.00 and set an “overweight” rating on the stock in a Tuesday, July 19 research note. Three equity research analysts gave the stock a hold rating and six gave the stock a buy rating. Based on data from MarketBeat.com, FLEETCOR Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $290.89.

Company Profile FLEETCOR Technologies

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FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers enterprise payment solutions, such as accounts payable automation; the Virtual Card, which provides a single-use card number for a fixed amount that can be used within a defined period; Cross-Border which is used by its customers to pay international suppliers, overseas office and staff costs, capital expenditure, profit repatriation and dividends; and purchase travel and entertainment cards and cards for its customers to analyze and manage their business expenses.

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Earnings history for FLEETCOR Technologies (NYSE: FLT)



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