FLEETCOR Technologies - FLT Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last year. There are currently 4 hold ratings and 5 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.

9 Wall Street research analysts have issued 12-month price targets for FLEETCOR Technologies' stock. Their FLT share price forecasts range from $254.00 to $345.00. On average, they expect the company's stock price to reach $282.11 in the next year. This suggests a possible upside of 53.2% 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 decreased by 17.7% and is now trading at $184.20.
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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 trading volume of 565,700 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.8% of the shares of the 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) announced its quarterly earnings data on Wednesday, November, 3rd. The business services provider reported $3.52 EPS for the quarter, beating the consensus estimate of $3.32 by $0.20. The business services provider had revenue of $755.48 million for the quarter, compared to analyst estimates of $738.56 million. FLEETCOR Technologies had a net margin of 29.27% and a trailing twelve-month return on equity of 38.86%. During the same period in the prior year, the company posted $2.70 earnings per share.
Read the conference call transcript.

FLEETCOR Technologies announced that its board has initiated a share buyback plan 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 purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors 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 many different retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (7.37%), State Street Corp (3.88%), Mawer Investment Management Ltd. (2.07%), Allianz Asset Management GmbH (1.10%), Northern Trust Corp (0.98%) and FMR LLC (0.92%). 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 $184.20.

FLEETCOR Technologies (NYSE:FLT) has a market capitalization of $13.82 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.