FLEETCOR Technologies - FLT Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FLT shares.
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10 brokerages have issued 1 year price targets for FLEETCOR Technologies' shares. Their FLT share price forecasts range from $220.00 to $345.00. On average, they expect the company's share price to reach $275.90 in the next twelve months. This suggests a possible upside of 51.4% from the stock's current price.
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FLEETCOR Technologies' stock was trading at $223.84 on January 1st, 2022. Since then, FLT shares have decreased by 18.6% and is now trading at $182.24.
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FLEETCOR Technologies saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,280,000 shares, an increase of 32.2% from the August 15th total of 968,300 shares. Based on an average daily trading volume, of 565,700 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.8% of the company's stock are sold short.
View FLEETCOR Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our FLT earnings forecast.

FLEETCOR Technologies, Inc. (NYSE:FLT) posted its earnings results on Wednesday, August, 3rd. The business services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.25. The business services provider earned $861.28 million during the quarter, compared to analysts' expectations of $819.94 million. FLEETCOR Technologies had a trailing twelve-month return on equity of 38.86% and a net margin of 29.27%.

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

FLEETCOR Technologies issued an update on its third quarter 2022 earnings guidance on Monday, October, 3rd. The company provided earnings per share (EPS) guidance of $4.15-$4.25 for the period, compared to the consensus earnings per share estimate of $4.18. The company issued revenue guidance of $870.00 million-$890.00 million, compared to the consensus revenue estimate of $879.40 million.

237 employees have rated FLEETCOR Technologies Chief Executive Officer Ron Clarke on Glassdoor.com. Ron Clarke has an approval rating of 78% among the company's employees.

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).

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

FLEETCOR Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Capital Investment Services of America Inc. (0.11%), Beese Fulmer Investment Management Inc. (0.03%), First Hawaiian Bank (0.01%), Birch Capital Management LLC (0.00%) and Fulton Bank N.A. (0.00%). Insiders that own company stock include Alan King, Alexey Gavrilenya, Armando Lins Netto, Eales John, Eric Dey, Garnsey Colette and Jeffrey Steven Sloan.
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Shares of FLT stock 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.
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One share of FLT stock can currently be purchased for approximately $182.24.

FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $13.67 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 $11.64 on an earnings per share basis.

The company employs 9,700 workers across the globe.

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