Equities research analysts forecast that FleetCor Technologies, Inc. (NYSE:FLT) will post earnings of $2.62 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for FleetCor Technologies’ earnings. The highest EPS estimate is $2.64 and the lowest is $2.60. FleetCor Technologies posted earnings per share of $2.50 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The business is scheduled to issue its next earnings results on Thursday, May 2nd.

On average, analysts expect that FleetCor Technologies will report full-year earnings of $11.62 per share for the current financial year, with EPS estimates ranging from $11.51 to $11.78. For the next financial year, analysts anticipate that the firm will report earnings of $13.38 per share, with EPS estimates ranging from $13.11 to $13.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover FleetCor Technologies.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Wednesday, February 6th. The business services provider reported $2.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.72 by ($0.08). The business had revenue of $643.40 million for the quarter, compared to the consensus estimate of $620.45 million. FleetCor Technologies had a return on equity of 25.73% and a net margin of 33.35%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.42 earnings per share.

A number of research firms recently commented on FLT. Zacks Investment Research lowered shares of FleetCor Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Citigroup raised their price objective on shares of FleetCor Technologies from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. ValuEngine raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Jefferies Financial Group began coverage on shares of FleetCor Technologies in a research note on Monday, January 28th. They issued a “hold” rating and a $210.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $245.18.

Institutional investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY boosted its stake in shares of FleetCor Technologies by 0.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 17,315 shares of the business services provider’s stock valued at $3,216,000 after buying an additional 54 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of FleetCor Technologies by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,977 shares of the business services provider’s stock worth $552,000 after purchasing an additional 56 shares during the period. Captrust Financial Advisors increased its holdings in shares of FleetCor Technologies by 8.5% during the 4th quarter. Captrust Financial Advisors now owns 830 shares of the business services provider’s stock worth $154,000 after purchasing an additional 65 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of FleetCor Technologies by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,909 shares of the business services provider’s stock worth $726,000 after purchasing an additional 68 shares during the period. Finally, BB&T Securities LLC increased its holdings in shares of FleetCor Technologies by 1.8% during the 4th quarter. BB&T Securities LLC now owns 4,063 shares of the business services provider’s stock worth $754,000 after purchasing an additional 71 shares during the period. 95.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FLT opened at $251.42 on Thursday. The company has a market cap of $21.59 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.24. FleetCor Technologies has a 1-year low of $172.18 and a 1-year high of $253.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.82.

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.

Further Reading: Yield Curve

Get a free copy of the Zacks research report on FleetCor Technologies (FLT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FleetCor Technologies (NYSE:FLT)

Receive News & Ratings for FleetCor Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FleetCor Technologies and related companies with MarketBeat.com's FREE daily email newsletter.