Last $57.59 USD
Change Today +0.51 / 0.89%
Volume 186.0K
WAGE On Other Exchanges
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Berlin
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

wageworks inc (WAGE) Key Developments

WageWorks, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

WageWorks, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $78,457,000 compared to $55,031,000 a year ago. Income from operations was $5,674,000 compared to $7,855,000 a year ago. Income before income taxes was $5,080,000 compared to $7,798,000 a year ago. Net income was $3,098,000 or $0.08 diluted per share compared to $5,320,000 or $0.15 basic and diluted per share a year ago. Non-GAAP income from operations was $14.3 million compared to $10.4 million a year ago. Non-GAAP net income was $8.3 million or $0.23 diluted per share compared to $6.2 million or $0.17 diluted per share a year ago. Adjusted EBITDA was $18.1 million compared to $13.5 million a year ago. For the year, the company reported total revenues of $267,832,000 compared to $219,278,000 a year ago. Income from operations was $31,049,000 compared to $31,976,000 a year ago. Income before income taxes was $30,185,000 compared to $30,902,000 a year ago. Net income was $18,242,000 or $0.50 diluted per share compared to $21,699,000 or $0.62 diluted per share a year ago. Net cash provided by operating activities was $54,423,000 compared to $61,705,000 a year ago. This decrease in cash from operating activities is largely the result of timing related to the collection of accounts receivable in the fourth quarter of 2014 as compared to 2013. Purchases of property and equipment were $21,200,000 compared to $13,832,000 a year ago. Non-GAAP income from operations was $57.8 million compared to $44.9 million a year ago. Non-GAAP net income was $34.2 million or $0.94 diluted per share compared to $26.3 million or $0.94 diluted per share a year ago. Adjusted EBITDA was $71.7 million compared to $56.5 million a year ago. The company provided earnings guidance for the first quarter and full year of 2015. For the first quarter of 2015, the company expects total revenue to be in the range of $82.5 million to $83.5 million, GAAP net income per diluted share of $0.14 to $0.15 and non-GAAP net income per diluted share of $0.27 to $0.28. GAAP and non-GAAP net income per diluted share assume a tax rate of 40% and weighted average shares outstanding of approximately 36.6 million. Non-GAAP adjusted EBITDA is expected to be in the range of $21.2 million to $21.8 million. For the full year of 2015, the company expects total revenue to be in the range of $331 million to $335 million. GAAP net income per diluted share is expected to be in the range of $0.60 to $0.65. Non-GAAP net income per diluted share is expected to be in the range of $1.12 to $1.17. GAAP and non-GAAP net income per diluted share assume a tax rate of 40% and weighted average shares outstanding of approximately 36.9 million. Non-GAAP adjusted EBITDA is now expected to be in the range of $87.5 million to $90.5 million. Gross margin is expected to be in the range of 63% to 67%. Operating margin is expected to be in the range of 13% to 18%.

WageWorks Mulls Acquisitions

WageWorks, Inc. (NYSE:WAGE) intends to pursue acquisitions. "Gross margin is expected to be in the range of 63% to 67%. Operating margin is expected to be in the range of 13% to 18%. Lastly, we expect adjusted EBITDA margins to be in the range of 26% to 32% as we continue to drive scale and pursue additional acquisitions," Joe Jackson, Chief Executive Officer, said.

WageWorks, Inc. to Report Q4, 2014 Results on Feb 12, 2015

WageWorks, Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 12, 2015

WageWorks, Inc., Q4 2014 Earnings Call, Feb 12, 2015

WageWorks, Inc., Q4 2014 Earnings Call, Feb 12, 2015

WageWorks, Inc. Presents at 17th Annual Needham Growth Conference, Jan-13-2015 11:20 AM

WageWorks, Inc. Presents at 17th Annual Needham Growth Conference, Jan-13-2015 11:20 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Colm Callan, Chief Financial Officer, Joseph L. Jackson, Chief Executive Officer and Director.

 

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WAGE

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Valuation WAGE Industry Range
Price/Earnings 100.0x
Price/Sales 7.5x
Price/Book 7.2x
Price/Cash Flow 46.7x
TEV/Sales 5.7x
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