Fleetcor (NYSE:FLT) – Analysts at Jefferies Group lifted their Q2 2018 EPS estimates for shares of Fleetcor in a report released on Wednesday, April 25th. Jefferies Group analyst R. El-Assal now expects that the business services provider will post earnings per share of $2.36 for the quarter, up from their prior estimate of $2.35. Jefferies Group also issued estimates for Fleetcor’s Q3 2018 earnings at $2.53 EPS and FY2018 earnings at $9.72 EPS.

Several other research firms have also recently weighed in on FLT. Zacks Investment Research cut shares of Fleetcor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Morgan Stanley increased their price target on shares of Fleetcor from $194.00 to $232.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. SunTrust Banks set a $240.00 price target on shares of Fleetcor and gave the company a “buy” rating in a research note on Monday, February 5th. Credit Suisse Group increased their price target on shares of Fleetcor from $186.00 to $206.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, Oppenheimer increased their price target on shares of Fleetcor from $194.00 to $247.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $209.14.

Fleetcor stock opened at $207.73 on Thursday. Fleetcor has a 1-year low of $121.52 and a 1-year high of $213.74. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $18,077.62, a PE ratio of 26.36, a PEG ratio of 1.27 and a beta of 1.46.

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 Zacks’ 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 net margin of 32.90% and a return on equity of 21.15%. Fleetcor’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS.

Several large investors have recently bought and sold shares of FLT. BlackRock Inc. boosted its position in shares of Fleetcor by 42.2% during the 4th quarter. BlackRock Inc. now owns 6,119,055 shares of the business services provider’s stock worth $1,177,491,000 after purchasing an additional 1,816,729 shares during the period. Montag & Caldwell LLC boosted its position in shares of Fleetcor by 62.2% during the 4th quarter. Montag & Caldwell LLC now owns 423,629 shares of the business services provider’s stock worth $81,519,000 after purchasing an additional 162,464 shares during the period. Three Corner Global Investors LP purchased a new position in shares of Fleetcor during the 4th quarter worth approximately $23,977,000. TimesSquare Capital Management LLC boosted its position in shares of Fleetcor by 13.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 834,770 shares of the business services provider’s stock worth $160,635,000 after purchasing an additional 101,130 shares during the period. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of Fleetcor during the 4th quarter worth approximately $19,243,000. 94.25% of the stock is owned by hedge funds and other institutional investors.

Fleetcor Company Profile

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Earnings History and Estimates for Fleetcor (NYSE:FLT)

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