FleetCor Technologies (NYSE:FLT) Earns News Impact Rating of 0.05
Media coverage about FleetCor Technologies (NYSE:FLT) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. FleetCor Technologies earned a news impact score of 0.05 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 44.8848645506738 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- FLEETCOR Technologies to Announce Fourth Quarter 2017 Results on February 8, 2018 (finance.yahoo.com)
- FleetCor Technologies (FLT) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
- Alan Fournier: Building on the Lessons of David Tepper (finance.yahoo.com)
- William Blair Weighs in on FleetCor Technologies, Inc.’s FY2020 Earnings (FLT) (americanbankingnews.com)
- FleetCor Technologies (FLT) Price Target Raised to $232.00 (americanbankingnews.com)
A number of analysts recently issued reports on FLT shares. Citigroup lifted their target price on FleetCor Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. SunTrust Banks set a $180.00 price target on FleetCor Technologies and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research raised FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Monday, October 9th. Deutsche Bank upped their target price on FleetCor Technologies from $185.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Wells Fargo & Co set a $225.00 target price on FleetCor Technologies and gave the company a “buy” rating in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. FleetCor Technologies has a consensus rating of “Buy” and an average target price of $198.36.
FleetCor Technologies (NYSE:FLT) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.04. FleetCor Technologies had a return on equity of 20.99% and a net margin of 25.66%. The company had revenue of $577.90 million during the quarter, compared to analysts’ expectations of $576.78 million. During the same period in the prior year, the company earned $1.92 EPS. FleetCor Technologies’s revenue was up 19.3% compared to the same quarter last year. equities research analysts expect that FleetCor Technologies will post 7.76 earnings per share for the current year.
In other news, insider Kurt Patrick Adams sold 7,099 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $170.00, for a total value of $1,206,830.00. Following the completion of the transaction, the insider now directly owns 9,246 shares in the company, valued at approximately $1,571,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.
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About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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