Fleetcor (NYSE:FLT) – Analysts at William Blair boosted their Q2 2018 earnings per share estimates for Fleetcor in a research report issued on Wednesday, April 25th. William Blair analyst R. Napoli now expects that the business services provider will post earnings of $2.32 per share for the quarter, up from their previous forecast of $2.30. William Blair also issued estimates for Fleetcor’s Q3 2018 earnings at $2.52 EPS, Q4 2018 earnings at $2.56 EPS, FY2018 earnings at $9.59 EPS, Q1 2019 earnings at $2.54 EPS, Q2 2019 earnings at $2.69 EPS, Q3 2019 earnings at $2.88 EPS, Q4 2019 earnings at $2.93 EPS, FY2019 earnings at $11.04 EPS and FY2020 earnings at $12.56 EPS.

Fleetcor (NYSE:FLT) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $2.42 EPS for the quarter, beating the consensus estimate of $2.33 by $0.09. The company had revenue of $610.00 million during the quarter, compared to the consensus estimate of $605.87 million. Fleetcor had a return on equity of 21.15% and a net margin of 32.90%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 EPS.

FLT has been the subject of several other research reports. Zacks Investment Research raised Fleetcor from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Wednesday, January 17th. Morgan Stanley raised their price target on Fleetcor from $194.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Credit Suisse Group raised their price target on Fleetcor from $186.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Oppenheimer raised their price target on Fleetcor from $194.00 to $247.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, SunTrust Banks set a $240.00 price target on Fleetcor and gave the company a “buy” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $209.14.

NYSE FLT opened at $207.73 on Friday. The company has a market capitalization of $18,077.62, a PE ratio of 26.36, a P/E/G ratio of 1.27 and a beta of 1.46. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.87 and a quick ratio of 0.87. Fleetcor has a 12 month low of $121.52 and a 12 month high of $213.74.

A number of hedge funds have recently bought and sold shares of the business. First Personal Financial Services increased its position in Fleetcor by 31.4% during the 4th quarter. First Personal Financial Services now owns 1,020 shares of the business services provider’s stock worth $196,000 after buying an additional 244 shares during the period. Alliancebernstein L.P. increased its position in Fleetcor by 0.6% during the 4th quarter. Alliancebernstein L.P. now owns 61,216 shares of the business services provider’s stock worth $11,780,000 after buying an additional 381 shares during the period. Gradient Investments LLC increased its position in Fleetcor by 21.9% during the 4th quarter. Gradient Investments LLC now owns 2,668 shares of the business services provider’s stock worth $513,000 after buying an additional 479 shares during the period. Public Employees Retirement Association of Colorado increased its position in Fleetcor by 2.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 17,940 shares of the business services provider’s stock worth $3,452,000 after buying an additional 484 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Fleetcor by 11.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 4,846 shares of the business services provider’s stock worth $933,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 94.25% of the company’s stock.

About Fleetcor

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Earnings History and Estimates for Fleetcor (NYSE:FLT)

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