NYSE:FLT - Fleetcor Stock Price, Price Target & More

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

Fleetcor announced that its Board of Directors has authorized a stock buyback plan on Friday, August 4th 2017, which permits the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Fleetcor (NYSE:FLT) announced its quarterly earnings results on Thursday, May, 3rd. The business services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.13. The business services provider earned $585.50 million during the quarter, compared to analysts' expectations of $602.46 million. Fleetcor had a return on equity of 21.87% and a net margin of 34.19%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. View Fleetcor's Earnings History.

Fleetcor is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Fleetcor.

Fleetcor issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share (EPS) guidance of $10.20-10.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.33. The company issued revenue guidance of $2.39-2.45 billion, compared to the consensus revenue estimate of $2.55 billion.

11 brokers have issued 12 month target prices for Fleetcor's shares. Their forecasts range from $197.00 to $247.00. On average, they anticipate Fleetcor's stock price to reach $221.90 in the next twelve months. View Analyst Ratings for Fleetcor.

Fleetcor saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 1,276,293 shares, an increase of 95.3% from the April 13th total of 653,600 shares. Based on an average daily volume of 587,503 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the shares of the company are short sold.

Some companies that are related to Fleetcor include eBay (EBAY), FIS (FIS), NetEase (NTES), Ctrip (CTRP), Global Payments (GPN), First Data (FDC), TSYS (TSS), Worldpay (WP), MSCI (MSCI), CoStar Group (CSGP), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), MercadoLibre (MELI), Cielo (CIOXY) and Alliance Data (ADS).

News coverage about FLT stock has been trending somewhat negative this week, Accern reports. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fleetcor earned a daily sentiment score of -0.01 on Accern's scale. They also gave media stories about the business services provider an impact score of 47.16 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Fleetcor's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.93%), Sustainable Growth Advisers LP (2.13%), Massachusetts Financial Services Co. MA (1.89%), Wells Fargo & Company MN (0.74%), Echo Street Capital Management LLC (0.74%) and Northern Trust Corp (0.59%). Company insiders that own Fleetcor stock include Alexey Gavrilenya, Andrew Blazye, Armando Lins Netto, Charles Richard Freund, David D Maxsimic, Eric Dey, Fortuna Michael Della, Jeffrey Steven Sloan, John A Reed, John Coughlin, Joseph W Farrelly, Kurt Patrick Adams, Mark A Johnson, Richard Macchia, Robert DB Suttie, Ronald Clarke and Todd House. View Institutional Ownership Trends for Fleetcor.

FLT stock was sold by a variety of institutional investors in the last quarter, including Criterion Capital Management LLC, JPMorgan Chase & Co., Sustainable Growth Advisers LP, Millennium Management LLC, Victory Capital Management Inc., Franklin Resources Inc., Wells Fargo & Company MN and Russell Investments Group Ltd.. Company insiders that have sold Fleetcor company stock in the last year include Andrew Blazye and Kurt Patrick Adams. View Insider Buying and Selling for Fleetcor.

FLT stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Massachusetts Financial Services Co. MA, BlackRock Inc., Alphinity Investment Management Pty Ltd, Gluskin Sheff & Assoc Inc., Amundi Pioneer Asset Management Inc., United Capital Financial Advisers LLC and Barclays PLC. Company insiders that have bought Fleetcor stock in the last two years include Alexey Gavrilenya, Armando Lins Netto, Fortuna Michael Della, Jeffrey Steven Sloan, John A Reed, Mark A Johnson and Robert DB Suttie. View Insider Buying and Selling for Fleetcor.

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

One share of FLT stock can currently be purchased for approximately $200.60.

Fleetcor has a market capitalization of $18.24 billion and generates $2.25 billion in revenue each year. The business services provider earns $740.20 million in net income (profit) each year or $7.88 on an earnings per share basis. Fleetcor employs 7,890 workers across the globe.

Fleetcor's mailing address is 5445 Triangle Parkway, Peachtree Corners GA, 30092. The business services provider can be reached via phone at 770-449-0479 or via email at [email protected]