Wall Street analysts forecast that FleetCor Technologies, Inc. (NYSE:FLT) will announce sales of $598.57 million for the current quarter, according to Zacks. Eight analysts have made estimates for FleetCor Technologies’ earnings, with the highest sales estimate coming in at $608.50 million and the lowest estimate coming in at $575.60 million. FleetCor Technologies reported sales of $514.95 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.2%. The company is scheduled to announce its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that FleetCor Technologies will report full-year sales of $598.57 million for the current financial year, with estimates ranging from $2.13 billion to $2.25 billion. For the next year, analysts expect that the firm will report sales of $2.50 billion per share, with estimates ranging from $2.37 billion to $2.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for FleetCor Technologies.

FleetCor Technologies (NYSE:FLT) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.04. The firm had revenue of $577.90 million during the quarter, compared to the consensus estimate of $576.78 million. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. FleetCor Technologies’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 earnings per share.

Several equities analysts have weighed in on the company. Wells Fargo & Co set a $225.00 target price on FleetCor Technologies and gave the company a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research lowered FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays lifted their price objective on FleetCor Technologies from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Deutsche Bank lifted their price objective on FleetCor Technologies from $185.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Finally, Oppenheimer lifted their price objective on FleetCor Technologies from $185.00 to $194.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Two equities research 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. The company currently has a consensus rating of “Buy” and an average price target of $194.31.

In other news, insider Kurt Patrick Adams sold 7,099 shares of FleetCor Technologies stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $170.00, for a total value of $1,206,830.00. Following the transaction, the insider now directly owns 9,246 shares in the company, valued at $1,571,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in FLT. Commonwealth Bank of Australia increased its holdings in shares of FleetCor Technologies by 13.0% during the second quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock worth $105,000 after purchasing an additional 85 shares during the period. FNY Partners Fund LP bought a new stake in FleetCor Technologies in the third quarter valued at $125,000. Toronto Dominion Bank increased its stake in FleetCor Technologies by 11.1% in the second quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 113 shares in the last quarter. IBM Retirement Fund bought a new stake in FleetCor Technologies in the third quarter valued at $211,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in FleetCor Technologies in the third quarter valued at $217,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

FleetCor Technologies (NYSE:FLT) traded down $1.47 during midday trading on Tuesday, reaching $201.80. The company’s stock had a trading volume of 348,900 shares, compared to its average volume of 604,230. FleetCor Technologies has a one year low of $121.52 and a one year high of $206.20. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $18,070.00, a price-to-earnings ratio of 34.32, a P/E/G ratio of 1.27 and a beta of 1.53.

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About FleetCor Technologies

FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.

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