Analysts Anticipate FleetCor Technologies, Inc. (FLT) Will Announce Quarterly Sales of $620.54 Million

Wall Street brokerages expect FleetCor Technologies, Inc. (NYSE:FLT) to post $620.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for FleetCor Technologies’ earnings, with the highest sales estimate coming in at $627.20 million and the lowest estimate coming in at $616.10 million. FleetCor Technologies reported sales of $609.99 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The firm is expected to issue its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that FleetCor Technologies will report full-year sales of $2.41 billion for the current fiscal year, with estimates ranging from $2.41 billion to $2.42 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.57 billion, with estimates ranging from $2.52 billion to $2.66 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow FleetCor Technologies.

FleetCor Technologies (NYSE:FLT) last posted its earnings results on Tuesday, October 30th. The business services provider reported $2.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.02. FleetCor Technologies had a return on equity of 24.22% and a net margin of 33.01%. The company had revenue of $619.60 million for the quarter, compared to analyst estimates of $609.75 million. During the same quarter last year, the company earned $2.18 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis.

A number of research analysts have recently weighed in on FLT shares. Goldman Sachs Group lowered FleetCor Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $215.00 in a report on Tuesday, December 11th. Barclays initiated coverage on FleetCor Technologies in a report on Wednesday, November 14th. They set an “overweight” rating and a $245.00 price target on the stock. Zacks Investment Research lowered FleetCor Technologies from a “buy” rating to a “sell” rating in a report on Wednesday, October 3rd. Deutsche Bank reiterated a “buy” rating on shares of FleetCor Technologies in a report on Thursday, September 27th. Finally, ValuEngine lowered FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $233.36.

Shares of FLT stock traded down $2.38 during trading hours on Friday, reaching $195.94. The company had a trading volume of 374,864 shares, compared to its average volume of 574,122. FleetCor Technologies has a 12 month low of $172.18 and a 12 month high of $230.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $24.36 billion, a PE ratio of 24.87, a P/E/G ratio of 1.10 and a beta of 1.35.

A number of institutional investors have recently modified their holdings of FLT. Advisors Asset Management Inc. bought a new stake in shares of FleetCor Technologies in the third quarter valued at $107,000. Rational Advisors LLC raised its stake in shares of FleetCor Technologies by 895.2% in the third quarter. Rational Advisors LLC now owns 617 shares of the business services provider’s stock valued at $140,000 after buying an additional 555 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of FleetCor Technologies by 321.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 780 shares of the business services provider’s stock valued at $145,000 after buying an additional 595 shares during the period. Dupont Capital Management Corp bought a new stake in shares of FleetCor Technologies in the third quarter valued at $205,000. Finally, Conning Inc. bought a new stake in shares of FleetCor Technologies in the third quarter valued at $214,000. Institutional investors and hedge funds own 68.61% of the company’s stock.

FleetCor Technologies Company Profile

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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