Equities research analysts forecast that WageWorks, Inc. (NYSE:WAGE) will report earnings per share (EPS) of $0.42 for the current quarter, according to Zacks. Four analysts have provided estimates for WageWorks’ earnings. The lowest EPS estimate is $0.40 and the highest is $0.43. WageWorks posted earnings of $0.36 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that WageWorks will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.76 to $1.79. For the next year, analysts expect that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.88 to $2.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover WageWorks.

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

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of WageWorks from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of WageWorks from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a report on Tuesday, November 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target (down from $85.00) on shares of WageWorks in a report on Thursday, November 9th. BidaskClub lowered shares of WageWorks from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price target on shares of WageWorks in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $79.75.

In other WageWorks news, Director John William Larson sold 30,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.76, for a total transaction of $1,944,680.00. Following the sale, the director now directly owns 42,930 shares of the company’s stock, valued at approximately $2,737,216.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly L. Wilford sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $62.13, for a total transaction of $3,106,500.00. Following the sale, the insider now directly owns 93,238 shares in the company, valued at $5,792,876.94. The disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation bought a new stake in WageWorks during the 3rd quarter worth approximately $105,000. Advisor Group Inc. grew its holdings in WageWorks by 10.8% during the 2nd quarter. Advisor Group Inc. now owns 1,594 shares of the business services provider’s stock worth $107,000 after acquiring an additional 156 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in WageWorks by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the business services provider’s stock worth $107,000 after acquiring an additional 139 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in WageWorks by 85.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,964 shares of the business services provider’s stock worth $199,000 after acquiring an additional 1,364 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in WageWorks by 3.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,275 shares of the business services provider’s stock worth $220,000 after acquiring an additional 122 shares during the last quarter.

Shares of WageWorks (NYSE WAGE) traded down $0.40 during trading on Monday, hitting $62.85. 242,596 shares of the company traded hands, compared to its average volume of 234,239. The company has a market cap of $2,507.01, a price-to-earnings ratio of 53.72, a PEG ratio of 2.83 and a beta of 0.90. 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 12 month low of $56.90 and a 12 month high of $80.50.

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About WageWorks

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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