FLEETCOR Technologies, Inc. (NYSE:FLT – Get Rating) – Jefferies Financial Group upped their Q1 2022 EPS estimates for FLEETCOR Technologies in a report released on Tuesday, April 19th. Jefferies Financial Group analyst T. Williams now forecasts that the business services provider will earn $3.33 per share for the quarter, up from their prior forecast of $3.25. Jefferies Financial Group also issued estimates for FLEETCOR Technologies’ Q2 2022 earnings at $3.58 EPS, Q3 2022 earnings at $3.80 EPS, Q4 2022 earnings at $3.92 EPS and FY2022 earnings at $14.62 EPS.
FLEETCOR Technologies (NYSE:FLT – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The business services provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.14. The business had revenue of $802.26 million during the quarter, compared to analyst estimates of $768.85 million. FLEETCOR Technologies had a net margin of 29.63% and a return on equity of 32.65%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.92 earnings per share.
FLEETCOR Technologies stock opened at $252.24 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average of $242.46 and a 200-day moving average of $239.15. The firm has a market cap of $19.65 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.12 and a beta of 1.31. FLEETCOR Technologies has a 1-year low of $200.78 and a 1-year high of $295.36.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pendal Group Ltd increased its stake in shares of FLEETCOR Technologies by 1.5% during the third quarter. Pendal Group Ltd now owns 3,011 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 44 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of FLEETCOR Technologies by 5.0% during the fourth quarter. Raymond James Trust N.A. now owns 967 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 46 shares in the last quarter. Ieq Capital LLC increased its stake in shares of FLEETCOR Technologies by 3.4% during the fourth quarter. Ieq Capital LLC now owns 1,460 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 48 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of FLEETCOR Technologies by 5.3% during the fourth quarter. Private Advisor Group LLC now owns 1,056 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 53 shares in the last quarter. Finally, National Asset Management Inc. increased its stake in shares of FLEETCOR Technologies by 1.5% during the fourth quarter. National Asset Management Inc. now owns 3,780 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 57 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.
FLEETCOR Technologies Company Profile (Get Rating)
FLEETCOR Technologies, Inc provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending.
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