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DOW   31,029.31
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S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
NYSE:FLT

FLEETCOR Technologies Stock Forecast, Price & News

$209.51
-1.89 (-0.89%)
(As of 06/29/2022 12:00 AM ET)
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Today's Range
$204.48
$211.81
50-Day Range
$209.51
$259.07
52-Week Range
$200.78
$282.02
Volume
519,060 shs
Average Volume
576,121 shs
Market Capitalization
$16.20 billion
P/E Ratio
19.78
Dividend Yield
N/A
Price Target
$297.78
30 days | 90 days | 365 days | Advanced Chart

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FLT Stock Forecast (MarketRank)

Overall MarketRank

2.53 out of 5 stars

Business Services Sector

65th out of 468 stocks

Business Services, Not Elsewhere Classified Industry

27th out of 146 stocks

Analyst Opinion: 3.3Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
FLEETCOR Technologies logo

About FLEETCOR Technologies (NYSE:FLT)

FLEETCOR Technologies, Inc. provides digital payment solutions for businesses to control purchases and make payments. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending. The company also provides employee expense management solutions, including fuel solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers; lodging solutions to businesses that have employees who travel overnight for work purposes, as well as to airlines and cruise lines to accommodate traveling crews and stranded passengers; and electronic toll payments solutions to businesses and consumers in the form of radio frequency identification tags affixed to vehicles' windshields. In addition, it offers gift card program management and processing services in plastic and digital forms that include card design, production and packaging, delivery and fulfillment, card and account management, transaction processing, promotion development and management, website design and hosting, program analytics, and card distribution channel management. Further, it provides other products consisting of payroll cards, vehicle maintenance service solution, long-haul transportation solution, prepaid food vouchers or cards, and prepaid transportation cards and vouchers. The company serves business, merchant, consumer, and payment network customers in North America, Brazil, and Internationally. The company was founded in 1986 and is headquartered in Atlanta, Georgia.

FLT Stock News Headlines

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Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
33904110
Employees
9,700
Year Founded
2000

Company Calendar

Last Earnings
5/05/2022
Today
6/30/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$297.78
High Stock Price Forecast
$345.00
Low Stock Price Forecast
$265.00
Forecasted Upside/Downside
+42.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.625
Research Coverage
8 Analysts

Profitability

Net Income
$839.50 million
Pretax Margin
38.74%

Debt

Sales & Book Value

Annual Sales
$2.83 billion
Cash Flow
$15.87 per share
Book Value
$35.30 per share

Miscellaneous

Free Float
72,546,000
Market Cap
$16.20 billion
Optionable
Optionable
Beta
1.22

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FLEETCOR Technologies Frequently Asked Questions

Should I buy or sell FLEETCOR Technologies stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FLEETCOR Technologies stock.
View analyst ratings for FLEETCOR Technologies
or view top-rated stocks.

What is FLEETCOR Technologies' stock price forecast for 2022?

8 analysts have issued twelve-month price targets for FLEETCOR Technologies' stock. Their FLT stock forecasts range from $265.00 to $345.00. On average, they expect FLEETCOR Technologies' share price to reach $297.78 in the next twelve months. This suggests a possible upside of 42.1% from the stock's current price.
View analysts' price targets for FLEETCOR Technologies
or view top-rated stocks among Wall Street analysts.

How has FLEETCOR Technologies' stock performed in 2022?

FLEETCOR Technologies' stock was trading at $223.84 at the start of the year. Since then, FLT shares have decreased by 6.4% and is now trading at $209.51.
View the best growth stocks for 2022 here
.

Are investors shorting FLEETCOR Technologies?

FLEETCOR Technologies saw a drop in short interest during the month of May. As of May 31st, there was short interest totaling 721,200 shares, a drop of 31.3% from the May 15th total of 1,050,000 shares. Based on an average daily volume of 489,500 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.0% of the company's shares are sold short.
View FLEETCOR Technologies' Short Interest
.

When is FLEETCOR Technologies' next earnings date?

FLEETCOR Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for FLEETCOR Technologies
.

How were FLEETCOR Technologies' earnings last quarter?

FLEETCOR Technologies, Inc. (NYSE:FLT) announced its quarterly earnings data on Thursday, May, 5th. The business services provider reported $3.35 EPS for the quarter, beating the consensus estimate of $3.27 by $0.08. The business services provider had revenue of $789.20 million for the quarter, compared to analyst estimates of $756.56 million. FLEETCOR Technologies had a trailing twelve-month return on equity of 34.88% and a net margin of 28.97%. The firm's quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS.
View FLEETCOR Technologies' earnings history
.

How will FLEETCOR Technologies' stock buyback program work?

FLEETCOR Technologies declared that its board has approved a stock repurchase plan on Thursday, November 5th 2020, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

What guidance has FLEETCOR Technologies issued on next quarter's earnings?

FLEETCOR Technologies updated its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance of $3.80-$3.90 for the period, compared to the consensus EPS estimate of $3.72. The company issued revenue guidance of $805.00 million-$825.00 million, compared to the consensus revenue estimate of $781.36 million.

Who are FLEETCOR Technologies' key executives?

FLEETCOR Technologies' management team includes the following people:
  • Mr. Ronald F. Clarke, Chairman, Pres & CEO (Age 66, Pay $2.37M)
  • Mr. Charles Richard Freund, CFO & Company Sec. (Age 49, Pay $619.21k)
  • Mr. John S. Coughlin, Sr. Advisor (Age 54, Pay $763.89k)
  • Mr. Armando Lins Netto, Group Pres of Brazil (Age 54, Pay $917.03k)
  • Mr. Alexey P. Gavrilenya, Group Pres of North America Fuel (Age 45, Pay $796.62k) (LinkedIn Profile)
  • Ms. Alissa B. Vickery, Chief Accounting Officer and Sr. VP of Accounting & Controls (Age 44)
  • Mr. Scott A. Dufour, Chief Information Officer (Age 53)
  • Mr. James P. Eglseder, Head of Investor Relations
  • Mr. Daniel S. Fishbein, Gen. Counsel (Age 48)
  • Mr. Steve C. Greene, Exec. VP of Corp. Devel. & Strategy

What is Ron Clarke's approval rating as FLEETCOR Technologies' CEO?

237 employees have rated FLEETCOR Technologies CEO Ron Clarke on Glassdoor.com. Ron Clarke has an approval rating of 78% among FLEETCOR Technologies' employees.

What other stocks do shareholders of FLEETCOR Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other FLEETCOR Technologies investors own include Netflix (NFLX), NVIDIA (NVDA), Walt Disney (DIS), Broadcom (AVGO), Adobe (ADBE), Boeing (BA), Mastercard (MA), Alibaba Group (BABA), Costco Wholesale (COST) and Gilead Sciences (GILD).

What is FLEETCOR Technologies' stock symbol?

FLEETCOR Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLT."

How do I buy shares of FLEETCOR Technologies?

Shares of FLT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is FLEETCOR Technologies' stock price today?

One share of FLT stock can currently be purchased for approximately $209.51.

How much money does FLEETCOR Technologies make?

FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $16.20 billion and generates $2.83 billion in revenue each year. The business services provider earns $839.50 million in net income (profit) each year or $10.59 on an earnings per share basis.

How many employees does FLEETCOR Technologies have?

FLEETCOR Technologies employs 9,700 workers across the globe.

When was FLEETCOR Technologies founded?

FLEETCOR Technologies was founded in 2000.

How can I contact FLEETCOR Technologies?

FLEETCOR Technologies' mailing address is 3280 Peachtree Road Suite 2400, Atlanta GA, 30305. The official website for FLEETCOR Technologies is www.fleetcor.com. The business services provider can be reached via phone at (770) 449-0479, via email at [email protected], or via fax at 770-449-3471.

This page (NYSE:FLT) was last updated on 6/30/2022 by MarketBeat.com Staff

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