FleetCor Technologies (FLT) Releases Q2 Earnings Guidance

FleetCor Technologies (NYSE:FLT) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $2.74-2.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.79. FleetCor Technologies also updated its FY 2019 guidance to $11.47-11.77 EPS.

FLT has been the subject of several recent research reports. Oppenheimer raised their price target on shares of FleetCor Technologies from $265.00 to $270.00 and gave the company an outperform rating in a research report on Wednesday, May 8th. SunTrust Banks lifted their price target on shares of FleetCor Technologies to $300.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Mizuho lifted their price target on shares of FleetCor Technologies from $245.00 to $247.00 and gave the stock a neutral rating in a research note on Wednesday, May 8th. Jefferies Financial Group set a $250.00 price target on shares of FleetCor Technologies and gave the stock a hold rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research lowered shares of FleetCor Technologies from a buy rating to a hold rating in a research note on Tuesday, April 9th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. FleetCor Technologies presently has a consensus rating of Buy and a consensus target price of $255.33.

FLT stock opened at $258.21 on Friday. The stock has a market cap of $22.47 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.47 and a beta of 1.24. FleetCor Technologies has a 52 week low of $172.18 and a 52 week high of $276.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77.

FleetCor Technologies (NYSE:FLT) last released its quarterly earnings data on Tuesday, May 7th. The business services provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.10. The firm had revenue of $621.80 million for the quarter, compared to the consensus estimate of $608.40 million. FleetCor Technologies had a net margin of 32.74% and a return on equity of 26.56%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.50 earnings per share. On average, equities analysts predict that FleetCor Technologies will post 11.11 earnings per share for the current year.

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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.

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

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