Media stories about WageWorks (NYSE:WAGE) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WageWorks earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 45.9297671692186 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
WageWorks (NYSE WAGE) opened at 58.25 on Friday. The stock has a market cap of $2.31 billion, a PE ratio of 53.20 and a beta of 0.86. WageWorks has a 52 week low of $55.65 and a 52 week high of $80.50. The company has a 50-day moving average price of $62.87 and a 200-day moving average price of $70.24.
WageWorks (NYSE:WAGE) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.11. The business had revenue of $119.90 million for the quarter, compared to analyst estimates of $119.18 million. WageWorks had a return on equity of 9.52% and a net margin of 9.60%. The company’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. Analysts anticipate that WageWorks will post $1.75 earnings per share for the current year.
WAGE has been the topic of several research reports. Zacks Investment Research upgraded shares of WageWorks from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Wednesday, May 10th. TheStreet upgraded shares of WageWorks from a “c+” rating to a “b” rating in a research report on Friday, May 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target on shares of WageWorks in a research report on Monday, July 17th. Finally, BidaskClub cut WageWorks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $80.04.
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In related news, CEO Joseph L. Jackson sold 495,148 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $69.25, for a total transaction of $34,288,999.00. Following the completion of the transaction, the chief executive officer now directly owns 103,363 shares in the company, valued at $7,157,887.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Edgar O. Montes sold 50,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $69.25, for a total value of $3,462,500.00. Following the transaction, the chief operating officer now owns 71,895 shares of the company’s stock, valued at $4,978,728.75. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by company insiders.
WageWorks Company Profile
WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, 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 Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.
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