FleetCor Technologies (NASDAQ: FLT) Profit Outlook

FleetCor Technologies day trading at USD 241.43 per share, then rallying to 246.27 and closing at USD 246.15 per share. A net gain of 1.95% for the day. Long term pricing analysis shows the stock trading at 25.33% lower than it’s 52week high and -41.14% higher than the 52week low. The share volume traded for the day was 486K which was 0 times the 50 Day Average Volume.

FleetCor Technologies had a market cap of 20,627,920K as of 29th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $9.66.

FleetCor Technologies provides fuel cards and workforce payment products and services. Their customers include businesses, commercial fleets, oil companies, petroleum marketers, and government in America, Netherlands, Belgium, Germany, Slovakia, and various countries.

Financial Results

FleetCor Technologies Reports First Quarter Of Fiscal 2020.

  • Total revenues increased 6% to $661.1 million in the first quarter of 2020, compared to $621.8 million in the first quarter of 2019.
  • Net income decreased 15% to $147.1 million in the first quarter of 2020, compared to $172.1 million in the first quarter of 2019. Included in the first quarter of 2020 was a one-time loss of $90.1 million related to a customer receivable in our foreign currency trading business.
  • Net income per diluted share decreased by 14% to $1.67 in the first quarter of 2020, compared to $1.93 per diluted share in the first quarter of 2019.

FleetCor Technologies (29th June 2020): The Institutional Ownership as of today stood at 94.25% and the Total Value of Holdings (millions) is $ 19,441

New Institutional Holders and other activity – As of today, the total number of shares held is, 78,982,247 by 647 institutional holders.

LATEST NEWS:

26-June-2020:- FleetCor Technologies (NYSE: FLT) Trading Down 6.6%

Shares of FleetCor Technologies, Inc. (NYSE: FLT) traded down 6.6% during mid-day trading on Wednesday. The stock traded as low as $245.98 and last traded at $246.39, 1,040,762 shares were traded during mid-day trading. A decline of 3% from the average session volume of 1,068,122 shares. The stock had previously closed at $263.92.

25-June-2020:- Morgan Stanley Has $44.45 Million Stake in FleetCor Technologies, Inc. (NYSE: FLT)

Morgan Stanley grew its position in FleetCor Technologies, Inc. (NYSE: FLT) by 63.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 238,291 shares of the business services provider’s stock after buying an additional 92,749 shares during the period.

22-June-2020:- Voloridge Investment Management LLC Takes $15.20 Million Position in FleetCor Technologies, Inc. (NYSE: FLT)

Voloridge Investment Management LLC bought a new position in FleetCor Technologies, Inc. (NYSE: FLT) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 81,502 shares of the business services provider’s stock, valued at approximately $15,203,000.

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