News headlines about WageWorks (NYSE:WAGE) have been trending positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty 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 closest to one being the most favorable. WageWorks earned a news impact score of 0.25 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.0840458803277 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Head-To-Head Comparison: WageWorks (WAGE) and Its Peers (americanbankingnews.com)
- WageWorks, Inc. (WAGE) Receives “Buy” Rating from Needham & Company LLC (americanbankingnews.com)
- Zacks Investment Research Upgrades WageWorks, Inc. (WAGE) to “Hold” (americanbankingnews.com)
- WageWorks Acquires Tango Health’s Health Savings Account Business (finance.yahoo.com)
A number of research analysts have issued reports on WAGE shares. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price on shares of WageWorks in a research report on Friday, October 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price on shares of WageWorks in a research report on Monday, July 17th. Zacks Investment Research cut WageWorks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, BidaskClub upgraded WageWorks from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. WageWorks currently has an average rating of “Hold” and an average price target of $80.30.
Shares of WageWorks (WAGE) opened at 63.80 on Wednesday. The company has a market capitalization of $2.53 billion, a PE ratio of 58.26 and a beta of 0.84. WageWorks has a 12-month low of $55.65 and a 12-month high of $80.50. The stock’s 50 day moving average price is $59.70 and its 200 day moving average price is $66.05.
WageWorks (NYSE:WAGE) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.11). WageWorks had a net margin of 9.60% and a return on equity of 9.52%. The firm had revenue of $119.90 million for the quarter, compared to the consensus estimate of $119.18 million. During the same quarter last year, the company posted $0.36 earnings per share. WageWorks’s revenue for the quarter was up 36.7% compared to the same quarter last year. On average, equities research analysts forecast that WageWorks will post $1.75 earnings per share for the current year.
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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