WageWorks, Inc. (NYSE:WAGE) Set to Announce Earnings on Tuesday
WageWorks, Inc. (NYSE:WAGE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect WageWorks to post earnings of $0.42 per share for the quarter.
WageWorks (NYSE:WAGE) last posted its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $125 million during the quarter, compared to analyst estimates of $122.08 million. WageWorks had a return on equity of 9.85% and a net margin of 6.33%. WageWorks’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, analysts expect WageWorks to post $1.26 EPS for the current fiscal year and $1.49 EPS for the next fiscal year.
WageWorks, Inc. (NYSE:WAGE) opened at 66.35 on Tuesday. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 98.44 and a beta of 0.87. The stock has a 50 day moving average price of $67.86 and a 200 day moving average price of $71.75. WageWorks, Inc. has a 52-week low of $55.65 and a 52-week high of $80.50.
In other WageWorks news, CEO Joseph L. Jackson sold 495,148 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $69.25, for a total value of $34,288,999.00. Following the completion of the sale, the chief executive officer now directly owns 103,363 shares in the company, valued at $7,157,887.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Edgar O. Montes sold 50,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $69.25, for a total value of $3,462,500.00. Following the completion of the sale, the chief operating officer now owns 71,895 shares of the company’s stock, valued at $4,978,728.75. The disclosure for this sale can be found here. Company insiders own 3.54% of the company’s stock.
A number of brokerages recently weighed in on WAGE. Zacks Investment Research cut WageWorks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub cut WageWorks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 14th. TheStreet cut WageWorks from a “b” rating to a “c+” rating in a research note on Tuesday, March 28th. Wells Fargo & Company cut WageWorks from an “outperform” rating to a “market perform” rating in a research note on Monday, March 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective on shares of WageWorks in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.37.
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WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.
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