Wageworks Inc (WAGE) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.29. The company posted revenue of $87.00 million in the period, compared to analysts expectations of $86.33 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on Wageworks Inc. Company shares were Reiterated by Stifel on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $55 .Shares were Reiterated by Needham on Feb 19, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $57 .
Wageworks Inc closed down -1.5 points or -2.74% at $53.16 with 2,76,840 shares getting traded on Wednesday. Post opening the session at $54.49, the shares hit an intraday low of $53.07 and an intraday high of $54.68 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 16, 2016, Joseph L. Jackson (Chief Executive Officer) sold 13,639 shares at $46.62 per share price. According to the SEC, on Mar 11, 2016, Edgar O. Montes (Chief Operating Officer) sold 25,000 shares at $47.13 per share price.
WageWorks Inc. is engaged in administering Consumer-Directed Benefits (CDBs) which empower employees to save money on taxes while also providing corporate tax advantages for employers. The Company is focused on administering CDBs including pre-tax spending accounts such as Health Savings Accounts (HSAs) health and dependent care Flexible Spending Accounts (FSAs) Health Reimbursement Arrangements (HRAs) Commuter Benefit Services including transit and parking programs wellness programs COBRA and other employee benefits.