FleetMatics Group PLC (FLTX) Releases Earnings Results, Reports EPS of $0.35 EPS

FleetMatics Group PLC (FLTX) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.35 EPS for the quarter. Analysts had a consensus estimate of $0.35. The company posted revenue of $78.90 million in the period, compared to analysts expectations of $79.32 million. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on FleetMatics Group PLC. FleetMatics Group PLC was Downgraded by Macquarie to ” Neutral” on Apr 11, 2016. Shares were Upgraded by Imperial Capital on Feb 26, 2016 to ” Outperform” and Lowered the Price Target to $ 50 from a previous price target of $60 .Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 56 from a previous price target of $62 .

FleetMatics Group PLC opened for trading at $36.28 and hit $36.62 on the upside on Monday, eventually ending the session at $36.44, with a gain of 0.52% or 0.19 points. The heightened volatility saw the trading volume jump to 8,31,053 shares. Company has a market cap of $1,420 M.

In a different news, on Apr 25, 2016, Stephen J Lifshatz (Chief Financial Officer) sold 5,000 shares at $36.10 per share price. According to the SEC, on Apr 15, 2016, Brian Halligan (director) sold 500 shares at $35.42 per share price. On Oct 19, 2015, Peter John Mitchell (Chief Technology Officer) sold 4,819 shares at $53.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Fleetmatics Group PLC is a holding company. The Company is a provider of fleet management solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles. It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location fuel usage speed and mileage and others into their mobile workforce. The Company’s product offerings include Fleetmatics REVEAL a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+ which extends Fleetmatics REVEAL to larger enterprises and Fleetmatics WORK a field service management solution. The Company’s solutions include fleet management and field service management. The Company’s subsidiaries are Fleetmatics Ireland Limited Fleetmatics (UK) Limited Fleetmatics USA LLC Fleetmatics Netherlands B.V. Fleetmatics de Mexico Srl and Fleetmatics Pty Ltd.

FleetMatics Group PLC

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