Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Reasons to Retain FLEETCOR Technologies (FLT) in Your Portfolio

By Zacks Investment ResearchStock MarketsJul 04, 2021 10:48PM ET
www.investing.com/analysis/reasons-to-retain-fleetcor-technologies-flt-in-your-portfolio-200589829
Reasons to Retain FLEETCOR Technologies (FLT) in Your Portfolio
By Zacks Investment Research   |  Jul 04, 2021 10:48PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

FLEETCOR Technologies, Inc. FLT has an expected long-term (three to five years) earnings per share growth rate of 16%. The company’s earnings are expected to register 12.3% growth in 2021 and 17.4% growth in 2022.

Factors That Auger Well

The recent acquisition of Associated Foreign Exchange (“AFEX”) is expected to be immediately accretive to FLEETCOR’s 2021 adjusted EPS, as well as boost revenues in its corporate payments business. FLEETCOR’s EPS guidance, which has been raised on completion of the AFEX acquisition, is now anticipated between $12.32 and $12.88 compared with the prior guidance of $12.14-$12.70. The company expects organic revenues to be in good shape, with growth in the range of 9-13% in 2021. Acquisitions, over time, have helped the company expand its customer base, headcount and operations.

FLEETCOR’s debt level has declined quarter over quarter. Total debt at the end of first-quarter 2021 was $3.53 billion, down from the $3.63 billion recorded at the end of the prior quarter. Further, cash and cash equivalent balance of $1.43 billion was significantly higher than the short-term debt level of $449 million.

Some Risks

FLEETCOR’s global presence makes it vulnerable to the risks associated with foreign currency exchange rate fluctuations. Notably, foreign exchange rates had unfavorably impacted the company’s revenues by $112 million in 2020, $61 million in 2019 and $49 million in 2018.

Zacks Rank and Stocks to Consider

FLEETCOR currently carries a Zacks Rank #3 (Hold).

Some top-ranked Business Services stocks are Accenture (NYSE:ACN) ACN, Gartner (NYSE:IT) IT and CRA International CRAI, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The long-term expected earnings per share (three to five years) growth rate for Accenture, Gartner and CRA International is pegged at 10%, 13.5% and 15.5%, respectively.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.

Today, Download Marijuana Moneymakers FREE >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Accenture PLC (ACN): Free Stock Analysis Report

Charles River Associates (CRAI): Free Stock Analysis Report

Gartner, Inc. (IT): Free Stock Analysis Report

FleetCor Technologies, Inc. (FLT): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research
Reasons to Retain FLEETCOR Technologies (FLT) in Your Portfolio
 

Related Articles

Jani Ziedins
Nice Bounce, But Can We Trust It? By Jani Ziedins - Sep 16, 2021 1

Wednesday was the first really good session for the S&P 500 in nearly three weeks. The index arrested a nearly two-week-old slide, bouncing nicely off of the 50 dma and adding...

Reasons to Retain FLEETCOR Technologies (FLT) in Your Portfolio

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email