Wall Street brokerages forecast that WageWorks, Inc. (NYSE:WAGE) will report sales of $120.40 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for WageWorks’ earnings. The lowest sales estimate is $119.37 million and the highest is $121.51 million. WageWorks reported sales of $101.06 million during the same quarter last year, which indicates a positive year over year growth rate of 19.1%. The business is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that WageWorks will report full year sales of $120.40 million for the current year, with estimates ranging from $480.08 million to $483.87 million. For the next year, analysts forecast that the company will report sales of $525.33 million per share, with estimates ranging from $503.93 million to $531.37 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow WageWorks.

WageWorks (NYSE:WAGE) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $115.70 million for the quarter, compared to analyst estimates of $117.09 million. WageWorks had a return on equity of 9.60% and a net margin of 9.87%. WageWorks’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

A number of equities research analysts recently weighed in on WAGE shares. Zacks Investment Research lowered WageWorks from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target on shares of WageWorks in a research report on Monday, July 17th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price target on shares of WageWorks in a research report on Friday, October 6th. Finally, BidaskClub upgraded WageWorks from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. WageWorks has a consensus rating of “Hold” and an average target price of $83.00.

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Several large investors have recently made changes to their positions in WAGE. TimesSquare Capital Management LLC lifted its stake in shares of WageWorks by 46.2% in the 2nd quarter. TimesSquare Capital Management LLC now owns 2,422,884 shares of the business services provider’s stock valued at $162,818,000 after purchasing an additional 765,715 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of WageWorks by 169.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 966,101 shares of the business services provider’s stock valued at $64,921,000 after purchasing an additional 607,164 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of WageWorks by 3,456.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 456,954 shares of the business services provider’s stock valued at $30,616,000 after purchasing an additional 444,105 shares during the period. Victory Capital Management Inc. lifted its stake in shares of WageWorks by 24,301.3% in the 2nd quarter. Victory Capital Management Inc. now owns 443,859 shares of the business services provider’s stock valued at $29,827,000 after purchasing an additional 442,040 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of WageWorks by 47.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,067,886 shares of the business services provider’s stock valued at $64,821,000 after purchasing an additional 345,272 shares during the period.

Shares of WageWorks (NYSE WAGE) opened at $61.50 on Friday. The firm has a market capitalization of $2,431.70, a price-to-earnings ratio of 49.08, a P/E/G ratio of 3.45 and a beta of 0.92. WageWorks has a 52-week low of $56.90 and a 52-week high of $80.50. The company has a current ratio of 1.38, a quick ratio of 1.47 and a debt-to-equity ratio of 0.41.

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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