Wageworks (NYSE:WAGE) is set to announce its earnings results after the market closes on Monday, July 2nd. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
NYSE WAGE opened at $50.00 on Friday. The company has a market capitalization of $1.99 billion, a PE ratio of 40.08, a PEG ratio of 1.96 and a beta of 0.97. Wageworks has a 1-year low of $38.40 and a 1-year high of $69.25. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41.
Several equities analysts have recently weighed in on WAGE shares. TheStreet downgraded Wageworks from a “b-” rating to a “c+” rating in a research report on Wednesday, March 7th. Needham & Company LLC started coverage on Wageworks in a research report on Friday, April 6th. They issued a “hold” rating on the stock. JMP Securities restated an “outperform” rating and issued a $60.00 target price (down previously from $82.00) on shares of Wageworks in a research report on Monday, April 9th. ValuEngine downgraded Wageworks from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 12th. Finally, Zacks Investment Research downgraded Wageworks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $66.60.
Wageworks Company Profile
WageWorks, Inc engages in administering consumer-directed benefits (CDBs), which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the United States. 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.
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