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FleetCor Technologies, Inc. (FLT)

  • Dec. 5, 2014, 2:52 PM
    • FleetCor Technologies (FLT +1.6%) is initiated with a Buy rating and $178 price target at Deutsche Bank, which says FLT is well positioned to deliver double-digit organic growth from expanding internationally as well as accelerated growth in the U.S. driven by investments in sales and marketing and selective price increases.
    • FLT grew adjusted EBITDA margins on average by 200 bps annually over the last four years, and DB expects it to deliver sustained margin expansion going forward which along with deleveraging should deliver EPS growth at a 20%-plus average compound rate.
    • Although ~17% of FLT’s revenues after the Comdata acquisition remain exposed to lower fuel prices, the firm believes agreements with certain merchants as well as revenues based on fuel spreads act as a natural hedge.
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  • Aug. 12, 2014, 4:14 PM
    • FleetCor (NYSE:FLT) announces it has agreed to buy payment solutions provider Comdata for $3.45B.
    • The company plans to use $2.4B of new debt and the issuance of 7.3M shares to Comdata-owner Ceridian in order to finance the accquisition.
    • The addition of Comdata will add $0.50-$0.60 to EPS in 2015, according to an early forecast from FleetCor.
    • FLT +3.8% AH.
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  • May 2, 2014, 12:44 PM
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  • May 1, 2014, 4:23 PM
    • FleetCor Technologies, Inc. (FLT): Q1 EPS of $1.12 beats by $0.05.
    • Revenue of $236.3M (+31.4% Y/Y) misses by $6.31M.
    • Shares +2.6%.
    • Press Release
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  • Feb. 6, 2014, 11:31 AM
    • FleetCor Technologies (FLT +8%) surges after late Wednesday's news that it signed a fuel card outsourcing agreement with CST Brands in Canada.
    • CST operates 850-plus retail fuel sites in eastern Canada and is one of the area's largest retail distributors of home heating oil.
    • In its Q4 earnings report yesterday, FLT beat estimates and issued in-line guidance for 2014, seeing EPS of $4.90-$5.00 vs. $4.91 analyst consensus and revenue of $1.07B-$1.09B vs. $1.10B consensus.
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  • May 3, 2013, 8:39 AM
    FleetCor Technologies (FLT) +7.4% premarket after Q1 earnings jumped 54% on strong revenue growth in North America and abroad. Raised FY 2013 guidance to $3.70-$3.80 EPS and $810-$820 revenues vs. respective analyst consensus $3.67 and $812M. The market for commercial fuel cards is "underpenetrated," which should drive growth, Evercore says. Barclays hikes its FLT target price to $85 from $62.
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  • May 2, 2013, 6:10 PM
    After-hours top gainers, as of 5:15 p.m.: PKT +23%. BCOR +12%. INVN +8%. FORM +7%. FLT +6%.
    After-hours top losers: ZAGG -26%. VCRA -26%. GUID -20%. ARNA -15%. BRKR -11%.
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  • Feb. 8, 2013, 1:00 PM
    Midday top 10 gainers: BDCO +32%. CZR +25%. ONCY +23%. LNKD +20%. SNCR +19%. GALT +13%. ZN +13%. FLT +12%. ZNGA +12%. ATVI +11%.
    Midday top 10 losers: ETRM -55%. MSON -22%. GUID -21%. NUAN -19%. RVBD -18%. QKLS -16%. JE -14%. NSP -13%. STS -11%. SPWR -10%.
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  • Feb. 8, 2013, 10:37 AM
    FleetCor Technologies (FLT +12.5%) jumps after its Q4 easily topped estimates yesterday. The company reported an EPS of $0.82, beating Street estimates of $0.75, on revenue of $185M. Net earnings jumped 59% Y/Y as the commercial-fuel-cards company reported double-digit revenue gains globally, as well as stronger margins. The company also offered upbeat guidance for the full year, now expecting to earn between $3.61 and $3.69 a share, topping the $3.40 per share estimate by analysts, on revenue between $790M to $810M, versus the Street's expectation of $776M. Read more on earnings here: Earnings Call Transcript.
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  • Feb. 7, 2013, 4:22 PM
    FleetCor (FLT): Q4 EPS of $0.82 beats by $0.07. Non-GAAP Revenue of $185M (+47% Y/Y) beats by $6.34M. Shares +5.1% AH. (PR)
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  • Nov. 8, 2012, 4:42 PM
    Flight Safety Technologies (FLT): Q3 EPS of $0.83 beats by $0.10. Revenue of $186M (+39.3% Y/Y) beats by $10M. Shares +1.9% AH. (PR)
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  • Aug. 9, 2012, 12:01 PM
    FleetCor Technologies (FLT +9%), a provider of fuel cards and workforce payment products, pops after beating Q2 estimates and raising its view for the year. Total revenue jumped 28% Y/Y, as its top line benefited from a recent push into Brazil and Russia.
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  • Jun. 7, 2012, 5:01 PM
    FleetCor (FLT) files a 6.75M share secondary offering. Citigroup will act as sole underwriter for the offering. Shares -3.3% AH.
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  • Mar. 30, 2012, 12:50 PM
    A number of payment processing stocks are getting tossed around after news breaks that Global Payments could be the culprit behind the security breach of credit card data. Decliners: HPY -2.5%, MGI -0.8%, NEWT -1.4%, FLT -0.7%, UEPS -2.0%.
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  • Mar. 15, 2012, 2:58 PM
    FleetCor Technologies (FLT +4.6%) shares jump after announcing the renewal of its commercial fleet card contract with The Pantry, operator of a southeastern U.S. convenience store chain with ~1,620 stores. FLT has been managing The Pantry's fleet card portfolio for more than 10 years.
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  • Nov. 10, 2011, 10:07 AM
    FleetCor (FLT) racks up a 5.7% gain after the firm shows a better-than-expected Q3 profit on revenue of $134M (+21% Y/Y). The specialty payment provider also upped its estimate for full-year EPS to a range of $2.08-$2.12, from prior guidance of $2.00-$2.05.
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Company Description
Fleetcor Technologies, Inc. is an independent provider ofpayment products and services. The Company offersfuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services.
Sector: Services
Country: United States