WageWorks, Inc. (WAGE) Expected to Announce Earnings of $0.41 Per Share
Brokerages expect WageWorks, Inc. (NYSE:WAGE) to report earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for WageWorks’ earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.43. WageWorks posted earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 20.6%. The company is scheduled to report its next earnings report on Wednesday, November 8th.
On average, analysts expect that WageWorks will report full-year earnings of $1.75 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.79. For the next fiscal year, analysts expect that the company will report earnings of $1.94 per share, with EPS estimates ranging from $1.88 to $2.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow WageWorks.
WageWorks (NYSE:WAGE) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). The business had revenue of $119.90 million for the quarter, compared to the consensus estimate of $119.18 million. WageWorks had a net margin of 9.60% and a return on equity of 9.52%. The company’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS.
Several analysts have issued reports on WAGE shares. Zacks Investment Research downgraded shares of 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 issued a $85.00 price objective on shares of WageWorks in a research note on Monday, July 17th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price objective on shares of WageWorks in a research note on Friday, October 6th. Finally, BidaskClub raised shares of WageWorks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.30.
Several institutional investors have recently bought and sold shares of WAGE. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of WageWorks by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 139 shares in the last quarter. Advisor Group Inc. raised its stake in shares of WageWorks by 10.8% during the second quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 156 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of WageWorks by 20.7% during the second quarter. First Mercantile Trust Co. now owns 1,925 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 330 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of WageWorks by 8.0% during the first quarter. Victory Capital Management Inc. now owns 1,819 shares of the business services provider’s stock valued at $132,000 after acquiring an additional 134 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of WageWorks by 85.3% during the second quarter. Riverhead Capital Management LLC now owns 2,964 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 1,364 shares in the last quarter.
WageWorks (NYSE WAGE) traded up 0.70% on Friday, reaching $64.85. The company’s stock had a trading volume of 204,440 shares. The company has a market capitalization of $2.57 billion, a PE ratio of 59.22 and a beta of 0.84. WageWorks has a one year low of $55.65 and a one year high of $80.50. The firm has a 50-day moving average of $60.82 and a 200-day moving average of $65.76.
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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.
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