Analysts Expect Wageworks Inc (WAGE) Will Announce Earnings of $0.41 Per Share

Wall Street analysts predict that Wageworks Inc (NYSE:WAGE) will announce $0.41 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Wageworks’ earnings. The lowest EPS estimate is $0.40 and the highest is $0.42. Wageworks reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The firm is scheduled to report its next earnings report on Thursday, April 5th.

On average, analysts expect that Wageworks will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.76 to $1.78. For the next financial year, analysts forecast that the firm will report earnings of $2.21 per share, with EPS estimates ranging from $1.88 to $2.53. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Wageworks.

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A number of research analysts recently weighed in on the stock. TheStreet lowered shares of Wageworks from a “b-” rating to a “c+” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of Wageworks from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research note on Friday, February 23rd. Finally, ValuEngine lowered shares of Wageworks from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $75.67.

Shares of WAGE stock traded up $0.95 during trading hours on Tuesday, hitting $45.20. 310,624 shares of the company were exchanged, compared to its average volume of 798,511. Wageworks has a 52-week low of $38.40 and a 52-week high of $76.55. The firm has a market cap of $1,791.59, a P/E ratio of 36.16, a PEG ratio of 1.68 and a beta of 0.87. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Wageworks by 1.9% during the 4th quarter. BlackRock Inc. now owns 5,117,229 shares of the business services provider’s stock valued at $317,270,000 after purchasing an additional 93,947 shares in the last quarter. TimesSquare Capital Management LLC grew its position in shares of Wageworks by 10.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 2,891,844 shares of the business services provider’s stock valued at $179,294,000 after purchasing an additional 276,665 shares in the last quarter. DF Dent & Co. Inc. grew its position in shares of Wageworks by 21.8% during the 4th quarter. DF Dent & Co. Inc. now owns 2,060,014 shares of the business services provider’s stock valued at $127,721,000 after purchasing an additional 369,296 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of Wageworks by 12.1% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,196,846 shares of the business services provider’s stock valued at $74,204,000 after purchasing an additional 128,960 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of Wageworks by 13.9% during the 4th quarter. Eagle Asset Management Inc. now owns 1,143,459 shares of the business services provider’s stock valued at $70,649,000 after purchasing an additional 139,169 shares in the last quarter.

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Wageworks Company Profile

WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.

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