WageWorks, Inc. (WAGE) Set to Announce Earnings on Tuesday
WageWorks, Inc. (NYSE:WAGE) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect WageWorks to post earnings of $0.41 per share for the quarter.
WageWorks (NYSE:WAGE) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.11). The firm had revenue of $119.90 million for the quarter, compared to analysts’ expectations of $119.18 million. WageWorks had a net margin of 9.60% and a return on equity of 9.52%. The business’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS. On average, analysts expect WageWorks to post $1.75 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.
WageWorks, Inc. (NYSE:WAGE) opened at 62.80 on Tuesday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 57.35 and a beta of 0.84. WageWorks, Inc. has a 52 week low of $56.80 and a 52 week high of $80.50. The stock’s 50 day moving average price is $61.90 and its 200 day moving average price is $65.35.
WAGE has been the topic of several research reports. Zacks Investment Research lowered WageWorks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 target price on shares of WageWorks in a research note on Monday, July 17th. Needham & Company LLC reissued a “buy” rating and set a $82.00 target price on shares of WageWorks in a research note on Friday, October 6th. Finally, BidaskClub raised WageWorks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. WageWorks currently has a consensus rating of “Hold” and a consensus target price of $80.30.
WageWorks Company Profile
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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