Brokerages Expect Wageworks to Post $0.15 EPS (NASDAQ:WAGE)

Wageworks (NASDAQ:WAGE) has received a consensus broker rating score of 1.00 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $64.00 for the company and are forecasting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Wageworks an industry rank of 188 out of 265 based on the ratings given to related companies.

Shares of Wageworks (NASDAQ:WAGE) opened at 64.57 on Friday. Wageworks has a one year low of $33.04 and a one year high of $68.31. The stock’s 50-day moving average is $59.86 and its 200-day moving average is $49.89. The company has a market cap of $2.283 billion and a P/E ratio of 113.28.

Wageworks (NASDAQ:WAGE) last announced its earnings results on Thursday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $38.60 million for the quarter, compared to the consensus estimate of $67.10 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts predict that Wageworks will post $0.95 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on WAGE shares. Analysts at Needham & Company LLC set a $65.00 price target on shares of Wageworks in a research note on Friday, December 19th. They now have a “buy” rating on the stock. Analysts at Leerink Swann initiated coverage on shares of Wageworks in a research note on Monday, October 27th. They set an “outperform” rating and a $60.00 price target on the stock.

WageWorks, Inc is a provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, or CDBs, in the United States.

To get a free copy of the research report on Wageworks (WAGE), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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