FLEETCOR Technologies - FLT Stock Forecast, Price & News

9 Wall Street 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 research analysts is that investors should "buy" FLT shares.
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9 brokers have issued 12 month price objectives for FLEETCOR Technologies' shares. Their FLT share price forecasts range from $254.00 to $345.00. On average, they predict 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 shares have 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 short-interest ratio is currently 2.3 days. Approximately 1.8% of the shares of the company 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) posted its quarterly earnings results on Wednesday, November, 3rd. The business services provider reported $3.52 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 29.27% and a trailing twelve-month return on equity of 38.86%. During the same period in the previous year, the company posted $2.70 EPS.
Read the conference call transcript.

FLEETCOR Technologies declared that its Board of Directors has approved a stock repurchase program on Thursday, November 5th 2020, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

FLEETCOR Technologies updated its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $4.15-$4.25 for the period, compared to the consensus 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 variety of institutional and retail 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.
View institutional ownership trends.

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.