Wageworks (NYSE:WAGE) is set to post its quarterly earnings results after the market closes on Monday, March 18th. Analysts expect Wageworks to post earnings of $0.32 per share for the quarter.
Shares of WAGE stock opened at $38.99 on Friday. Wageworks has a 52 week low of $25.15 and a 52 week high of $56.80.
Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Wageworks from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. JMP Securities upgraded shares of Wageworks from a “market perform” rating to an “outperform” rating and set a $29.48 target price on the stock in a report on Monday, December 10th. Wells Fargo & Co upgraded shares of Wageworks from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $45.00 to $65.00 in a report on Friday, March 8th. Finally, SunTrust Banks dropped their target price on shares of Wageworks to $50.00 and set a “buy” rating on the stock in a report on Monday, January 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $52.12.
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WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.
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