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 has authorized a share repurchase program on Friday, August 4th 2017, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Fleetcor (NYSE:FLT) posted 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 had revenue of $585.50 million for the quarter, compared to the consensus estimate of $602.46 million. Fleetcor had a net margin of 34.19% and a return on equity of 21.87%. The company's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. 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 updated its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share 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 analysts have issued 1-year price objectives for Fleetcor's stock. Their forecasts range from $197.00 to $247.00. On average, they anticipate Fleetcor's share price to reach $221.90 in the next twelve months. View Analyst Ratings for Fleetcor.

Fleetcor saw a increase in short interest in 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 presently 2.2 days. Approximately 1.4% of the shares of the company are sold short.

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

Media coverage about FLT stock has been trending positive recently, Accern Sentiment Analysis reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fleetcor earned a media sentiment score of 0.33 on Accern's scale. They also assigned headlines about the business services provider an impact score of 46.95 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Fleetcor's stock is owned by a variety of of institutional and retail investors. Top institutional investors 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 acquired 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 $202.13.

Fleetcor has a market capitalization of $17.98 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]