FleetCor Technologies (FLT) Releases Earnings Results, Beats Expectations By $0.03 EPS

FleetCor Technologies (FLT) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $1.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.50. The company posted revenue of $414.30 million in the period, compared to analysts expectations of $419.05 million. The company’s revenue was down -.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS.

Many Wall Street Analysts have commented on FleetCor Technologies. Compass Point Initiated FleetCor Technologies on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $145.

FleetCor Technologies opened for trading at $155 and hit $156.23 on the upside on Monday, eventually ending the session at $155.59, with a gain of 0.59% or 0.91 points. The heightened volatility saw the trading volume jump to 7,80,655 shares. Company has a market cap of $14,410 M.

In a different news, on Sep 16, 2015, Ali Ashurov (CEO Czech & Russia) sold 13,125 shares at $150.56 per share price. According to the SEC, on Aug 26, 2015, Timothy Downs (Pres, Corp Lodging Consultants) sold 2,700 shares at $148.59 per share price. On Aug 19, 2015, Todd House (President NA Card Products) sold 6,142 shares at $162.13 per share price, according to the Form-4 filing with the securities and exchange commission.

FleetCor Technologies Inc. is an independent global provider of fuel cards commercial payment and data solutions stored value solutions and workforce payment products and services to businesses retailers commercial fleets oil companies petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America the Company sells a fuel card product commercial payment and data solutions as well as a fleet telematics offering which allows customers to track the location of mobile workers in field-based businesses as well as over-the-road trucking fleets. In its International segment the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally the Company provides a similar fuel product in its International segment to over-the-road trucking fleets shipping fleets and other operators of heavily industrialized equipment.

FleetCor Technologies

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