About WageWorks (NYSE:WAGE)
WageWorks, Inc. is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits. Its CDB programs assist employees and their families in saving money by using pre-tax dollars to pay for certain of their healthcare, dependent care and commuter expenses. Employers financially benefit from its programs through reduced payroll taxes. It provides operational support services to its clients and its cross-functional teams, including customer support and claims processing. It administers HSAs for employers that allow employee participants to invest funds to be used for qualified healthcare expenses.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: Business Support Services
- Sub-Industry: Human Resource & Employment Services
- Symbol: NYSE:WAGE
- CUSIP: 93042710
- Web: www.wageworks.com
- Market Cap: $2.57454 billion
- Outstanding Shares: 39,700,000
- 50 Day Moving Avg: $60.98
- 200 Day Moving Avg: $65.72
- 52 Week Range: $55.80 - $80.50
Sales & Book Value:
- Trailing P/E Ratio: 59.22
- Foreward P/E Ratio: 46.65
- P/E Growth: 2.45
- Annual Revenue: $434.87 million
- Price / Sales: 5.92
- Book Value: $14.85 per share
- Price / Book: 4.37
- EBITDA: $81.87 million
- Net Margins: 9.60%
- Return on Equity: 9.52%
- Return on Assets: 3.30%
- Debt-to-Equity Ratio: 0.41%
- Current Ratio: 1.47%
- Quick Ratio: 1.47%
- Average Volume: 332,654 shs.
- Beta: 0.84
- Short Ratio: 8.76
Frequently Asked Questions for WageWorks (NYSE:WAGE)
What is WageWorks' stock symbol?
WageWorks trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAGE."
How were WageWorks' earnings last quarter?
WageWorks, Inc. (NYSE:WAGE) issued its quarterly earnings data on Tuesday, August, 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.11. The business had revenue of $119.90 million for the quarter, compared to the consensus estimate of $119.18 million. WageWorks had a net margin of 9.60% and a return on equity of 9.52%. The company's revenue was up 36.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. View WageWorks' Earnings History.
When will WageWorks make its next earnings announcement?
What guidance has WageWorks issued on next quarter's earnings?
WageWorks updated its third quarter earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $0.38-0.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. The company issued revenue guidance of $115.0-117.5 million, compared to the consensus revenue estimate of $118.64 million.WageWorks also updated its FY17 guidance to $1.70-1.75 EPS.
Where is WageWorks' stock going? Where will WageWorks' stock price be in 2017?
5 analysts have issued 1 year price targets for WageWorks' stock. Their predictions range from $67.20 to $87.00. On average, they anticipate WageWorks' share price to reach $80.30 in the next year. View Analyst Ratings for WageWorks.
What are analysts saying about WageWorks stock?
Here are some recent quotes from research analysts about WageWorks stock:
- 1. According to Zacks Investment Research, "WageWorks, Inc. is an on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, or CDBs, in the United States. The Company administers and operates an array of CDBs, including spending account management programs, such as health and dependent care flexible spending accounts, health savings accounts, health reimbursement arrangements and commuter benefits, such as transit and parking programs. The Company delivers its CDB programs through a benefits-as-a-service delivery model. WageWorks, Inc. is headquartered in San Mateo, California. " (10/5/2017)
- 2. Needham & Company LLC analysts commented, "WAGE reported 4Q results that missed on revenue but were in-line on EBITDA and above consensus on EPS. The ADP acquisition closed two weeks later than was initially expected, which was largely responsible for the revenue shortfall. Results included another healthy quarter of organic growth, which was up 16% Y/Y. WAGE introduced guidance for FY17 that was slightly below consensus on revenue but above on EPS, and also provided an updated three year outlook which included improved EBITDA margin expectations. We remain encouraged by organic growth trends, and we believe that WAGE is well positioned for growth in FY17 due to secular tailwinds and potential upside from the ADP acquisition. We reiterate our BUY rating and raise our target to $82." (2/24/2017)
Who are some of WageWorks' key competitors?
Some companies that are related to WageWorks include Brink's Company (The) (BCO), G4S plc (GFS), Maximus (MMS), Capita PLC (CPI), Unifirst Corporation (UNF), Ritchie Bros. Auctioneers Incorporated (RBA), Nelnet (NNI), Lifelock (LOCK), Aggreko plc (AGK), The Advisory Board Company (ABCO), Berendsen PLC (BRSN), ExlService Holdings (EXLS), Brady Corporation (BRC), Exponent (EXPO), PRA Group (PRAA), Serco Group plc (SRP), Cardtronics PLC (CATM) and ICF International (ICFI).
Who are WageWorks' key executives?
WageWorks' management team includes the folowing people:
- Joseph L. Jackson, Chairman of the Board, Chief Executive Officer
- Edgar O. Montes, President, Chief Operating Officer
- Colm M. Callan, Chief Financial Officer
- Kimberly L. Wilford, Senior Vice President, General Counsel, Corporate Secretary
- John W. Larson, Lead Independent Director
- Thomas A. Bevilacqua, Independent Director
- Bruce G. Bodaken, Independent Director
- Mariann H. Byerwalter, Independent Director
- Jerome D. Gramaglia, Independent Director
Who owns WageWorks stock?
WageWorks' stock is owned by a number of of institutional and retail investors. Top institutional investors include Summit Creek Advisors LLC (0.68%). Company insiders that own WageWorks stock include Bruce G Bodaken, Edgar O Montes, Edward C Nafus, Jerry Gramaglia, John William Larson, Joseph L Jackson and Kimberly L Wilford. View Institutional Ownership Trends for WageWorks.
Who bought WageWorks stock? Who is buying WageWorks stock?
How do I buy WageWorks stock?
Shares of WageWorks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is WageWorks' stock price today?
MarketBeat Community Rating for WageWorks (NYSE WAGE)MarketBeat's community ratings are surveys of what our community members think about WageWorks and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of WageWorks stock can currently be purchased for approximately $64.85.
Consensus Ratings for WageWorks (NYSE:WAGE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$80.30 (23.82% upside)|Consensus Price Target History for WageWorks (NYSE:WAGE)
Analysts' Ratings History for WageWorks (NYSE:WAGE)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/6/2017||Needham & Company LLC||Reiterated Rating||Buy||$82.00||N/A|
|7/17/2017||Stifel Nicolaus||Reiterated Rating||Buy||$85.00||Low|
|3/27/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||High|
|2/24/2017||William Blair||Reiterated Rating||Outperform||N/A|
|2/24/2017||Chardan Capital||Boost Price Target||Buy -> Buy||$86.00 -> $87.00||N/A|
|8/31/2016||JMP Securities||Reiterated Rating||Buy||N/A|
|6/9/2016||Standpoint Research||Boost Price Target||Buy||$59.00 -> $69.00||N/A|
|4/9/2016||Leerink Swann||Reiterated Rating||Buy||N/A|
Earnings History for WageWorks (NYSE:WAGE)Earnings History by Quarter for WageWorks (NYSE WAGE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.42||$0.31||$119.18 million||$119.90 million||View||Listen|
|5/4/2017||Q1 2017||$0.42||$0.46||$122.08 million||$125.00 million||View||Listen|
|2/23/2017||Q416||$0.35||$0.36||$103.85 million||$101.10 million||View||Listen|
|11/9/2016||Q3 2016||$0.33||$0.34||$87.59 million||$88.92 million||View||Listen|
|8/9/2016||Q216||$0.34||$0.36||$87.42 million||$87.70 million||View||Listen|
|5/5/2016||Q116||$0.29||$0.33||$86.33 million||$87.00 million||View||Listen|
|2/18/2016||Q4||$0.28||$0.33||$81.88 million||$83.10 million||View||Listen|
|11/5/2015||Q315||$0.30||$0.36||$82.33 million||$83.20 million||View||Listen|
|7/30/2015||Q215||$0.28||$0.28||$81.12 million||$82.80 million||View||Listen|
|5/5/2015||Q115||$0.28||$0.29||$83.30 million||$85.30 million||View||Listen|
|2/12/2015||Q414||$0.23||$0.23||$76.70 million||$78.50 million||View||Listen|
|11/6/2014||Q314||$0.22||$0.24||$67.10 million||$38.60 million||View||Listen|
|8/4/2014||Q214||$0.22||$0.24||$58.81 million||$58.80 million||View||Listen|
|5/8/2014||Q114||$0.22||$0.25||$61.92 million||$62.60 million||View||Listen|
|2/20/2014||Q413||$0.15||$0.17||$53.90 million||$55.00 million||View||Listen|
|11/5/2013||Q313||$0.17||$0.18||$53.18 million||$53.60 million||View||Listen|
|8/7/2013||Q2 2013||$0.17||$0.20||$52.43 million||$54.56 million||View||Listen|
|5/9/2013||Q1 2013||$0.16||$0.20||$54.50 million||$56.10 million||View||Listen|
|2/20/2013||Q4 2012||$0.12||$0.13||$43.86 million||$46.70 million||View||Listen|
|11/6/2012||Q312||$0.12||$0.14||$42.28 million||$42.50 million||View||N/A|
Earnings Estimates for WageWorks (NYSE:WAGE)
Current Year EPS Consensus Estimate: $1.19 EPS
Next Year EPS Consensus Estimate: $1.39 EPS
Dividend History for WageWorks (NYSE:WAGE)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for WageWorks (NYSE:WAGE)
Insider Ownership Percentage: 3.54%Insider Trades by Quarter for WageWorks (NYSE:WAGE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/23/2017||Edgar O Montes||COO||Sell||50,000||$69.25||$3,462,500.00|| |
|6/23/2017||Joseph L Jackson||CEO||Sell||495,148||$69.25||$34,288,999.00|| |
|12/14/2016||Joseph L Jackson||CEO||Sell||87,749||$72.49||$6,360,925.01|| |
|12/6/2016||Edward C Nafus||Director||Sell||1,000||$74.29||$74,290.00|| |
|11/28/2016||Edward C Nafus||Director||Sell||2,000||$74.34||$148,680.00|| |
|11/21/2016||Bruce G Bodaken||Director||Sell||10,000||$72.88||$728,800.00|| |
|6/1/2016||Jerry Gramaglia||Director||Sell||21,075||$56.59||$1,192,634.25|| |
|5/25/2016||Edward C Nafus||Director||Sell||3,442||$56.54||$194,610.68|| |
|5/24/2016||Joseph L Jackson||CEO||Sell||96,081||$55.53||$5,335,377.93|| |
|5/24/2016||Joseph L Jackson||CEO||Sell||96,081||$55.53||$5,335,377.93|| |
|5/12/2016||John William Larson||Director||Sell||49,250||$56.44||$2,779,670.00|| |
|5/10/2016||Kimberly L Wilford||General Counsel||Sell||40,000||$56.55||$2,262,000.00|| |
|3/14/2016||Joseph L Jackson||CEO||Sell||13,639||$46.62||$635,850.18|| |
|3/8/2016||Joseph L Jackson||CEO||Sell||6,791||$48.51||$329,431.41|| |
|2/29/2016||Bruce G Bodaken||Director||Sell||1,100||$48.23||$53,053.00|| |
|3/13/2015||Edward C Nafus||Director||Sell||5,000||$56.40||$282,000.00|| |
|3/13/2015||Joseph L Jackson||CEO||Sell||95,095||$56.52||$5,374,769.40|| |
|11/24/2014||John William Larson||Director||Sell||7,500||$60.82||$456,150.00|| |
|11/21/2014||John William Larson||Director||Sell||10,300||$60.17||$619,751.00|| |
|11/14/2014||Jerry Gramaglia||Director||Sell||9,425||$60.45||$569,741.25|| |
|8/18/2014||Edgar O Montes||COO||Sell||25,000||$43.82||$1,095,500.00|| |
|8/7/2014||Kimberly L Jackson||General Counsel||Sell||35,000||$45.49||$1,592,150.00|| |
|3/14/2014||Joseph Jackson||CEO||Sell||10,600||$61.45||$651,370.00|| |
|3/12/2014||Joseph Jackson||CEO||Sell||89,400||$61.89||$5,532,966.00|| |
|3/11/2014||Richard Green||CFO||Sell||22,500||$61.95||$1,393,875.00|| |
|12/13/2013||Edward Nafus||Director||Sell||20,000||$58.54||$1,170,800.00|| |
|11/21/2013||Venture Associate Vantagepoint||major shareholder||Sell||184,544||$55.00||$10,149,920.00|| |
|11/18/2013||Venture Associate Vantagepoint||major shareholder||Sell||202,271||$55.62||$11,250,313.02|| |
|11/15/2013||Richard Berkeley||Insider||Sell||16,000||$55.64||$890,240.00|| |
|11/14/2013||Richard Berkeley||Insider||Sell||21,500||$55.81||$1,199,915.00|| |
|9/19/2013||Richard Berkeley||Insider||Buy||37,500||$7.01||$262,875.00|| |
|9/9/2013||John William Larson||Director||Sell||10,000||$45.26||$452,600.00|| |
|8/19/2013||Edgar Montes||COO||Sell||35,000||$40.45||$1,415,750.00|| |
|8/19/2013||Joseph Jackson||CEO||Sell||340,000||$40.45||$13,753,000.00|| |
|8/19/2013||Kimberly Jackson||SVP||Sell||20,000||$40.45||$809,000.00|| |
|8/19/2013||Thomas Bevilacqua||Director||Sell||14,000||$40.45||$566,300.00|| |
|8/19/2013||Venture Associate Vantagepoint||major shareholder||Sell||3,014,000||$40.45||$121,916,300.00|| |
|8/8/2013||Richard Green||CFO||Sell||2,500||$37.28||$93,200.00|| |
|8/7/2013||John William Larson||Director||Sell||10,000||$33.68||$336,800.00|| |
|7/9/2013||Richard T Green||CFO||Sell||22,152||$35.32||$782,408.64|| |
|7/8/2013||John William Larson||Director||Sell||10,000||$34.99||$349,900.00|| |
|7/1/2013||Richard T Green||CFO||Sell||8,004||$35.32||$282,701.28|| |
|6/20/2013||Richard M Berkeley||Insider||Sell||103,612||$32.50||$3,367,390.00|| |
|6/20/2013||Richard T Green||CFO||Sell||15,000||$32.99||$494,850.00|| |
|6/19/2013||Richard M Berkeley||Insider||Sell||92,164||$32.50||$2,995,330.00|| |
|6/18/2013||Richard T Green||CFO||Sell||63,000||$30.44||$1,917,720.00|| |
|6/17/2013||Richard M Berkeley||Insider||Sell||72,293||$30.03||$2,170,958.79|| |
|6/13/2013||Bruce G Bodaken||Director||Sell||61,500||$29.70||$1,826,550.00|| |
|6/13/2013||Richard M Berkeley||Insider||Sell||24,094||$30.00||$722,820.00|| |
|6/12/2013||Jerry Gramaglia||Director||Sell||20,629||$29.85||$615,775.65|| |
|6/12/2013||Richard M Berkeley||Insider||Sell||379,993||$28.27||$10,742,402.11|| |
|6/11/2013||John William Larson||Director||Sell||10,000||$27.59||$275,900.00|| |
|6/11/2013||Richard T Green||CFO||Sell||55,000||$27.08||$1,489,400.00|| |
|3/18/2013||Richard M Berkeley||Insider||Sell||700,000||$23.10||$16,170,000.00|| |
|3/8/2013||Edward C Nafus||Director||Buy||4,000||$23.85||$95,400.00|| |
|10/9/2012||Venture Associate Vantagepoint||Major Shareholder||Sell||4,641,636||$16.45||$76,354,912.20|| |
|8/13/2012||Edward C Nafus||Director||Buy||8,000||$12.28||$98,240.00|| |
Headline Trends for WageWorks (NYSE:WAGE)
Latest Headlines for WageWorks (NYSE:WAGE)
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WageWorks (WAGE) Chart for Monday, October, 23, 2017