WageWorks, Inc. (WAGE) to Release Earnings on Tuesday

WageWorks, Inc. (NYSE:WAGE) will release its earnings data after the market closes on Tuesday, August 1st. Analysts expect WageWorks to post earnings of $0.42 per share for the quarter.

WageWorks (NYSE:WAGE) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $125 million for the quarter, compared to analyst estimates of $122.08 million. WageWorks had a return on equity of 9.85% and a net margin of 6.33%. WageWorks’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. On average, analysts expect WageWorks to post $1.24 EPS for the current fiscal year and $1.49 EPS for the next fiscal year.

Shares of WageWorks, Inc. (WAGE) opened at 65.05 on Friday. The stock has a 50 day moving average price of $67.22 and a 200-day moving average price of $71.61. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 96.51 and a beta of 0.87. WageWorks, Inc. has a 52 week low of $55.65 and a 52 week high of $80.50.

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In other WageWorks news, COO Edgar O. Montes sold 50,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $69.25, for a total transaction of $3,462,500.00. Following the sale, the chief operating officer now owns 71,895 shares in the company, valued at approximately $4,978,728.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph L. Jackson sold 495,148 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $69.25, for a total value of $34,288,999.00. Following the sale, the chief executive officer now owns 103,363 shares in the company, valued at approximately $7,157,887.75. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut WageWorks from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price target on shares of WageWorks in a report on Monday, July 17th. BidaskClub cut WageWorks from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 14th. Finally, TheStreet upgraded WageWorks from a “c+” rating to a “b” rating in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. WageWorks currently has a consensus rating of “Hold” and a consensus target price of $78.37.

About WageWorks

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.

Earnings History for WageWorks (NYSE:WAGE)

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