Wall Street brokerages expect FleetCor Technologies, Inc. (NYSE:FLT) to report $602.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for FleetCor Technologies’ earnings. The lowest sales estimate is $587.28 million and the highest is $609.50 million. FleetCor Technologies reported sales of $585.50 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is expected to announce its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that FleetCor Technologies will report full year sales of $2.59 billion for the current fiscal year, with estimates ranging from $2.58 billion to $2.61 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.85 billion, with estimates ranging from $2.76 billion to $2.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover FleetCor Technologies.

FleetCor Technologies (NYSE:FLT) last issued its earnings results on Wednesday, February 6th. The business services provider reported $2.64 EPS for the quarter, missing the Zacks’ consensus estimate of $2.72 by ($0.08). FleetCor Technologies had a net margin of 33.35% and a return on equity of 25.73%. The firm had revenue of $643.40 million during the quarter, compared to analysts’ expectations of $620.45 million. During the same quarter in the prior year, the company earned $2.42 EPS. FleetCor Technologies’s quarterly revenue was up 5.5% on a year-over-year basis.

A number of equities analysts have recently weighed in on the company. Barclays initiated coverage on FleetCor Technologies in a report on Wednesday, November 14th. They set an “overweight” rating and a $245.00 price target for the company. ValuEngine upgraded FleetCor Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research lowered FleetCor Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Deutsche Bank decreased their price objective on FleetCor Technologies to $212.00 and set a “buy” rating for the company in a report on Tuesday, December 18th. Finally, Jefferies Financial Group initiated coverage on FleetCor Technologies in a research note on Monday, January 28th. They set a “hold” rating and a $210.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $231.00.

A number of institutional investors and hedge funds have recently bought and sold shares of FLT. Capital Investment Advisory Services LLC acquired a new position in FleetCor Technologies in the 4th quarter valued at about $25,000. Lindbrook Capital LLC acquired a new stake in shares of FleetCor Technologies during the 4th quarter worth approximately $28,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of FleetCor Technologies by 254.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 163 shares of the business services provider’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. Kaizen Advisory LLC bought a new position in shares of FleetCor Technologies during the fourth quarter valued at $42,000. Finally, AdvisorNet Financial Inc bought a new position in shares of FleetCor Technologies during the fourth quarter valued at $53,000. 70.10% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FLT traded up $3.55 during trading hours on Monday, hitting $224.05. The company had a trading volume of 618,552 shares, compared to its average volume of 622,811. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 0.82. The stock has a market cap of $27.52 billion, a P/E ratio of 22.56, a PEG ratio of 1.25 and a beta of 1.29. FleetCor Technologies has a 1 year low of $172.18 and a 1 year high of $230.24.

About FleetCor Technologies

FleetCor Technologies, Inc provides commercial payment solutions in North America, Latin America, Europe, and Australasia. The company offers fuel payment solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers. Its fuel payment products are in the form of plastic cards, electronic RFID tags, and paper vouchers to purchase fuel, oil, vehicle maintenance supplies and services, and building supplies.

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