Equities research analysts forecast that Wageworks Inc (NYSE:WAGE) will report $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Wageworks’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.35. Wageworks posted earnings per share of $0.27 during the same quarter last year, which would suggest a positive year-over-year growth rate of 44.4%. The business is expected to announce its next earnings report on Monday, March 16th.

According to Zacks, analysts expect that Wageworks will report full-year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.47 to $1.74. For the next year, analysts expect that the company will post earnings of $1.70 per share, with EPS estimates ranging from $1.55 to $1.93. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Wageworks.

Wageworks (NYSE:WAGE) last announced its quarterly earnings data on Friday, June 28th. The business services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.10). The firm had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $126.19 million. Wageworks had a net margin of 2.17% and a return on equity of 2.19%.

Several equities analysts have recently weighed in on WAGE shares. SunTrust Banks downgraded Wageworks from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Zacks Investment Research upgraded Wageworks from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co downgraded Wageworks from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $45.00 to $50.00 in a research note on Tuesday, May 7th. Stifel Nicolaus cut Wageworks from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research report on Monday, July 15th. Finally, William Blair cut Wageworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 27th. Six research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $54.50.

Wageworks stock traded down $0.01 on Friday, hitting $51.26. 159,600 shares of the stock traded hands, compared to its average volume of 684,655. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.39 and a current ratio of 1.39. The business’s fifty day simple moving average is $51.03 and its 200 day simple moving average is $44.56. Wageworks has a 1 year low of $25.15 and a 1 year high of $53.85.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in Wageworks by 640.8% in the 2nd quarter. UBS Group AG now owns 814,073 shares of the business services provider’s stock valued at $41,347,000 after purchasing an additional 704,188 shares in the last quarter. Brown Advisory Inc. acquired a new position in Wageworks during the second quarter worth $34,453,000. Jennison Associates LLC acquired a new stake in Wageworks in the second quarter valued at $26,164,000. Water Island Capital LLC acquired a new stake in Wageworks in the second quarter valued at $25,465,000. Finally, ARP Americas LP acquired a new stake in Wageworks in the second quarter valued at $22,894,000. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

About Wageworks

WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.

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