FLEETCOR Technologies - FLT Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FLT shares.
View FLT analyst ratings or view top-rated stocks.

10 Wall Street analysts have issued twelve-month price targets for FLEETCOR Technologies' stock. Their FLT share price forecasts range from $254.00 to $345.00. On average, they anticipate the company's share price to reach $288.70 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
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FLEETCOR Technologies' stock was trading at $223.84 at the beginning of the year. Since then, FLT stock has increased by 1.7% and is now trading at $227.66.
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FLEETCOR Technologies saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 799,500 shares, an increase of 43.8% from the June 30th total of 555,900 shares. Based on an average daily volume of 577,100 shares, the short-interest ratio is presently 1.4 days. Currently, 1.1% of the company's shares are short sold.
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) released its quarterly earnings data on Wednesday, November, 3rd. The business services provider reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.20. The business services provider had revenue of $755.48 million for the quarter, compared to the consensus estimate of $738.56 million. FLEETCOR Technologies had a trailing twelve-month return on equity of 38.86% and a net margin of 29.27%. During the same quarter last year, the company earned $2.70 earnings per share.
Read the conference call transcript.

FLEETCOR Technologies announced that its Board of Directors has approved a share repurchase program on Thursday, November 5th 2020, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

FLEETCOR Technologies updated its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $4.15-$4.25 for the period, compared to the consensus EPS estimate of $3.99. The company issued revenue guidance of $870.00 million-$890.00 million, compared to the consensus revenue estimate of $864.06 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 a number of institutional and retail investors. Top institutional shareholders include Mawer Investment Management Ltd. (2.07%), Allianz Asset Management GmbH (1.10%), Northern Trust Corp (0.98%), FMR LLC (0.92%), Eagle Asset Management Inc. (0.80%) and Thompson Siegel & Walmsley LLC (0.48%). 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 $227.66.

FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $17.08 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 was founded in 2000.

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.