Wageworks (WAGE) Set to Announce Earnings on Wednesday

Wageworks (NYSE:WAGE) is set to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Wageworks to post earnings of $0.42 per share for the quarter.

Shares of Wageworks (NYSE:WAGE) opened at $55.50 on Wednesday. The firm has a market cap of $2,235.50, a P/E ratio of 47.44, a PEG ratio of 2.52 and a beta of 0.75. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. Wageworks has a 1-year low of $54.45 and a 1-year high of $80.50.

In related news, Director John William Larson sold 30,500 shares of Wageworks stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.76, for a total value of $1,944,680.00. Following the transaction, the director now directly owns 42,930 shares of the company’s stock, valued at $2,737,216.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.54% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Wageworks from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered shares of Wageworks from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price objective (down from $85.00) on shares of Wageworks in a report on Thursday, November 9th. Finally, Zacks Investment Research upgraded shares of Wageworks from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $79.75.

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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.

Earnings History for Wageworks (NYSE:WAGE)

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