Analysts forecast that Wageworks Inc (NYSE:WAGE) will announce $118.10 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Wageworks’ earnings, with estimates ranging from $117.90 million to $118.29 million. Wageworks reported sales of $116.51 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The company is scheduled to report its next earnings report on Monday, March 16th.

On average, analysts expect that Wageworks will report full year sales of $478.22 million for the current financial year, with estimates ranging from $477.53 million to $479.04 million. For the next year, analysts expect that the business will post sales of $496.26 million, with estimates ranging from $485.69 million to $503.19 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Wageworks.

Several analysts recently weighed in on the stock. Zacks Investment Research reiterated a “hold” rating on shares of Wageworks in a research report on Saturday, June 22nd. SunTrust Banks downgraded shares of Wageworks from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. JMP Securities downgraded shares of Wageworks from an “outperform” rating to a “market perform” rating in a research report on Friday, June 28th. William Blair downgraded shares of Wageworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 27th. Finally, Wells Fargo & Co downgraded shares of Wageworks from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $45.00 to $50.00 in a research report on Tuesday, May 7th. Five equities research analysts have rated the stock with a hold rating, Wageworks presently has an average rating of “Hold” and an average target price of $55.67.

Shares of Wageworks stock traded down $0.01 during trading hours on Wednesday, reaching $50.86. The company’s stock had a trading volume of 19,505 shares, compared to its average volume of 698,486. The business’s 50 day moving average price is $50.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 1.43. Wageworks has a one year low of $25.15 and a one year high of $56.80.

Several institutional investors and hedge funds have recently made changes to their positions in WAGE. Private Advisors LLC bought a new stake in Wageworks in the 1st quarter valued at $248,000. Granite Investment Partners LLC increased its holdings in Wageworks by 92.9% in the 1st quarter. Granite Investment Partners LLC now owns 36,358 shares of the business services provider’s stock valued at $1,373,000 after buying an additional 17,507 shares during the period. Elk Creek Partners LLC increased its holdings in Wageworks by 7.8% in the 1st quarter. Elk Creek Partners LLC now owns 566,691 shares of the business services provider’s stock valued at $21,398,000 after buying an additional 41,078 shares during the period. NumerixS Investment Technologies Inc bought a new stake in Wageworks in the 1st quarter valued at $654,000. Finally, CIBC Private Wealth Group LLC increased its holdings in Wageworks by 14.5% in the 1st quarter. CIBC Private Wealth Group LLC now owns 17,568 shares of the business services provider’s stock valued at $663,000 after buying an additional 2,220 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wageworks Company Profile

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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