FleetCor Technologies (NYSE:FLT) released its quarterly earnings results on Thursday. The business services provider reported $2.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.09, Bloomberg Earnings reports. FleetCor Technologies had a return on equity of 21.59% and a net margin of 32.90%. The company had revenue of $610.00 million for the quarter, compared to analyst estimates of $605.87 million. During the same quarter in the prior year, the firm posted $1.90 EPS. FleetCor Technologies’s quarterly revenue was up 18.4% compared to the same quarter last year. FleetCor Technologies updated its Q1 guidance to $2.30-2.40 EPS and its FY18 guidance to $10.05-10.35 EPS.

FleetCor Technologies (FLT) opened at $189.92 on Friday. The company has a market capitalization of $17,467.02, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. FleetCor Technologies has a 12-month low of $121.52 and a 12-month high of $213.74.

Several analysts recently weighed in on FLT shares. Morgan Stanley increased their price target on FleetCor Technologies from $184.00 to $189.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. SunTrust Banks set a $180.00 price target on FleetCor Technologies and gave the company a “buy” rating in a report on Tuesday, October 24th. Credit Suisse Group upped their price objective on FleetCor Technologies from $186.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Finally, Citigroup upped their price objective on FleetCor Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $209.21.

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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.

Earnings History for FleetCor Technologies (NYSE:FLT)

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