WageWorks, Inc. (NYSE:WAGE) announced its earnings results on Wednesday, November 8th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04, Bloomberg Earnings reports. The company had revenue of $115.70 million for the quarter, compared to analyst estimates of $117.09 million. WageWorks had a return on equity of 9.60% and a net margin of 9.87%. WageWorks’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. WageWorks updated its Q4 guidance to $0.40-0.43 EPS.
Shares of WageWorks (NYSE WAGE) traded up $0.65 during mid-day trading on Friday, reaching $62.85. The company had a trading volume of 98,697 shares, compared to its average volume of 292,618. WageWorks has a fifty-two week low of $56.90 and a fifty-two week high of $80.50. The company has a market capitalization of $2,465.39, a PE ratio of 49.76, a P/E/G ratio of 3.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 1.38.
In other news, insider Kimberly L. Wilford sold 50,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $62.13, for a total transaction of $3,106,500.00. Following the completion of the sale, the insider now directly owns 93,238 shares of the company’s stock, valued at $5,792,876.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.54% of the company’s stock.
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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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