Wageworks Inc (WAGE) Expected to Announce Earnings of $0.47 Per Share

Equities analysts predict that Wageworks Inc (NYSE:WAGE) will report $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Wageworks’ earnings. Wageworks posted earnings of $0.46 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The business is scheduled to announce its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Wageworks will report full-year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $1.88 to $2.53. For the next year, analysts expect that the firm will report earnings of $2.55 per share, with EPS estimates ranging from $2.26 to $2.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Wageworks.

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Several equities analysts recently weighed in on WAGE shares. TheStreet lowered Wageworks from a “b-” rating to a “c+” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered Wageworks from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 13th. Needham & Company LLC initiated coverage on Wageworks in a research note on Friday, April 6th. They set a “hold” rating for the company. JMP Securities reiterated an “outperform” rating and set a $60.00 price objective (down from $82.00) on shares of Wageworks in a research note on Monday, April 9th. Finally, ValuEngine lowered 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, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $71.75.

Shares of Wageworks stock traded down $0.90 on Friday, hitting $44.10. The company’s stock had a trading volume of 270,298 shares, compared to its average volume of 478,246. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. Wageworks has a 1 year low of $38.40 and a 1 year high of $76.55. The firm has a market cap of $1,783.64, a PE ratio of 49.00, a P/E/G ratio of 1.68 and a beta of 0.96.

A number of large investors have recently bought and sold shares of the business. New York State Common Retirement Fund increased its stake in Wageworks by 1.2% during the 3rd quarter. New York State Common Retirement Fund now owns 78,353 shares of the business services provider’s stock worth $4,756,000 after buying an additional 900 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Wageworks by 6.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the business services provider’s stock worth $1,060,000 after buying an additional 1,000 shares in the last quarter. LPL Financial LLC increased its stake in Wageworks by 26.7% during the 4th quarter. LPL Financial LLC now owns 5,242 shares of the business services provider’s stock worth $325,000 after buying an additional 1,106 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Wageworks by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 38,733 shares of the business services provider’s stock worth $2,401,000 after buying an additional 1,225 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in Wageworks by 28.1% during the 4th quarter. Flinton Capital Management LLC now owns 5,882 shares of the business services provider’s stock worth $365,000 after buying an additional 1,292 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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