$0.28 EPS Expected for WageWorks, Inc. (WAGE)
January 28, 2018 – By Migdalia James
Investors sentiment decreased to 1.88 in 2017 Q3. Its down 0.21, from 2.09 in 2017Q2. It dived, as 34 investors sold WageWorks, Inc. shares while 35 reduced holdings. 37 funds opened positions while 93 raised stakes. 41.12 million shares or 2.98% more from 39.93 million shares in 2017Q2 were reported.
Bancorp Of Mellon has invested 0.01% of its portfolio in WageWorks, Inc. (NYSE:WAGE). Prudential accumulated 66,498 shares or 0.01% of the stock. Benjamin F Edwards accumulated 175 shares. Alps reported 0% stake. Tower Limited Liability (Trc) owns 7,329 shares or 0.04% of their US portfolio. Old National Bank In invested in 5,616 shares or 0.02% of the stock. Louisiana State Employees Retirement accumulated 16,100 shares. Principal Grp Inc reported 317,434 shares or 0.02% of all its holdings. Ameritas Invest Prns Incorporated owns 3,275 shares. 4,200 were accumulated by Menta Cap Lc. Moreover, Texas Permanent School Fund has 0.02% invested in WageWorks, Inc. (NYSE:WAGE) for 28,983 shares. 6,128 are owned by Bb&T. Tudor Inv Et Al owns 0.04% invested in WageWorks, Inc. (NYSE:WAGE) for 28,448 shares. Aperio Group Inc Limited Company, a California-based fund reported 18,662 shares. Florida-based Raymond James Associate has invested 0.01% in WageWorks, Inc. (NYSE:WAGE).
Analysts expect WageWorks, Inc. (NYSE:WAGE) to report $0.28 EPS on February, 22.They anticipate $0.04 EPS change or 16.67 % from last quarter’s $0.24 EPS. WAGE’s profit would be $11.10M giving it 54.87 P/E if the $0.28 EPS is correct. After having $0.33 EPS previously, WageWorks, Inc.’s analysts see -15.15 % EPS growth. The stock increased 1.65% or $1 during the last trading session, reaching $61.45. About 389,959 shares traded or 24.94% up from the average. WageWorks, Inc. (NYSE:WAGE) has risen 27.63% since January 28, 2017 and is uptrending. It has outperformed by 10.93% the S&P500.
WageWorks, Inc. (NYSE:WAGE) Ratings Coverage
Among 9 analysts covering WageWorks Inc (NYSE:WAGE), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. WageWorks Inc had 22 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 9 by Stifel Nicolaus. The company was maintained on Thursday, November 10 by Needham. On Friday, May 6 the stock rating was maintained by Stifel Nicolaus with “Buy”. SunTrust maintained the stock with “Buy” rating in Wednesday, October 4 report. The company was initiated on Wednesday, October 14 by Sidoti. Chardan Capital Markets initiated WageWorks, Inc. (NYSE:WAGE) on Wednesday, November 30 with “Buy” rating. Needham maintained WageWorks, Inc. (NYSE:WAGE) rating on Friday, October 6. Needham has “Buy” rating and $82.0 target. The firm has “Buy” rating by Needham given on Friday, February 19. The rating was downgraded by Wells Fargo on Monday, March 27 to “Market Perform”. The firm has “Buy” rating given on Friday, January 27 by Stifel Nicolaus.
WageWorks, Inc. engages in administering consumer-directed benefits , which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States. The company has market cap of $2.44 billion. It administers CDBs, 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 offers commuter benefit services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits. It has a 52.3 P/E ratio. As of September 13, 2017, it had approximately 6.5 million employee participants from approximately 100,000 employer clients.
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