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Last $44.37 USD
Change Today -0.04 / -0.09%
Volume 117.3K
As of 6:40 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

wageworks inc (WAGE) Snapshot

Open
$43.80
Previous Close
$44.41
Day High
$44.44
Day Low
$43.35
52 Week High
01/2/15 - $65.56
52 Week Low
05/12/15 - $38.19
Market Cap
1.6B
Average Volume 10 Days
220.5K
EPS TTM
$0.48
Shares Outstanding
35.9M
EX-Date
--
P/E TM
92.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for WAGEWORKS INC (WAGE)

wageworks inc (WAGE) Related Businessweek News

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wageworks inc (WAGE) Details

WageWorks, Inc. provides consumer-directed benefits programs (CDBs) to employees to save money on taxes in the United States. It offers flexible spending accounts (FSAs) that are employer-sponsored CDBs, which enable employees to set aside pre-tax dollars to pay for eligible healthcare expenses, such as co-pays, deductibles, and over-the-counter medical products, as well as for vision expenses, orthodontia, medical devices, and autism treatments. The company also provides FSA programs for dependent care plans that allow employees to set aside pre-tax dollars to pay for eligible dependent care expenses, which include child, day, adult, and elder care expenses. In addition, it offers employer-funded health reimbursement arrangements (HRAs) in which employers provide their employees with a specified amount of reimbursement funds that are available to help employees defray their out-of-pocket healthcare expenses comprising deductibles, co-insurance, and co-payments; and administers health savings accounts for employers that allow employee participants to invest funds to be used for qualified healthcare expenses at any time without federal tax liability or penalty. Further, it offers transportation fringe benefits consisting of parking; transit passes; transportation in a commuter highway vehicle or vanpooling; and bicycle commuting reimbursement. Additionally, it provides Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation services to employer clients to meet the employer’s obligation to make available continuation of coverage for participants, who are no longer eligible for the employer’s COBRA covered benefits, including medical, dental, vision, HRAs, and certain healthcare FSAs. The company was incorporated in 2000 and is headquartered in San Mateo, California.

1,548 Employees
Last Reported Date: 02/26/15
Founded in 2000

wageworks inc (WAGE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $639.6K
Chief Financial Officer
Total Annual Compensation: $108.8K
Chief Operating Officer
Total Annual Compensation: $335.8K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $317.9K
Compensation as of Fiscal Year 2014.

wageworks inc (WAGE) Key Developments

Oregon Educators Benefit Board Selects WageWorks to Administer its Health Savings Accounts, and Flexible Spending Accounts

WageWorks, Inc. announced that it has been selected by the Oregon Educators Benefit Board (OEBB) to administer their Health Savings Accounts (HSAs), Flexible Spending Accounts (FSA’s) and commuter benefits. This new partnership provides more than 60,000 eligible employees and early retirees, from more than 250 educational entities, local governments and special districts in Oregon, access to WageWorks’ expertise, premier technology and enhanced services in administering tax-advantaged benefit accounts. Consumer-Directed Benefits have become an increasingly attractive solution for private and public employers alike, as employees are faced with ever increasing medical bills and rising costs of commuting to work. A key component of OEBB’s vision is to offer its members value-added plans that provide high-quality care and services at an affordable cost. Most benefit eligible employees of participating entities will be able to enroll in their WageWorks CDB as early as August 2015 with benefits starting in October 2015.

WageWorks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year 2015; Provides Effective Tax Rate Guidance for the Second Half 2015 and Earnings Guidance for the Third Quarter 2015

WageWorks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $82.8 million, compared to $58.8 million for the second quarter of 2014, an increase of 41%. GAAP operating income was $6.8 million compared to GAAP operating income of $7.9 million for the second quarter of 2014. GAAP operating income includes aggregate pre-tax charges of $2.1 million related to integration initiatives that will streamline its operations and deliver better and more efficient service to its customers. On a non-GAAP basis, operating income which excludes the severance charges was $17.5 million, compared to non-GAAP operating income of $14.5 million for the second quarter of 2014. GAAP net income was $3.5 million, or $0.10 per diluted share compared to GAAP net income of $4.6 million, or $0.13 per diluted share, for the second quarter of 2014. On a non-GAAP net income basis, net income was $10.3 million, or $0.28 per diluted share, compared to non-GAAP net income of $8.6 million, or $0.24 per diluted share, for the second quarter of 2014. Non-GAAP net income for the second quarter of 2014 and 2015 excludes expenses related to stock-based compensation, amortization of acquired intangibles, contingent consideration expense, and significant severance costs related to integration initiatives and the related tax impact of these items. Non-GAAP adjusted EBITDA was $22.2 million, a 27% increase compared to non-GAAP adjusted EBITDA of $17.5 million for the second quarter of 2014. Income before income taxes was $6.41 million compared to $7.64 million a year ago. For the six months, the company total revenue of $168.05 million compared to $121.38 million a year ago. Income from operations was $16.44 million compared to $18.79 million a year ago. Income before income taxes was $15.57 million compared to $18.30 million a year ago. Net income was $9.16 million or $0.25 per diluted share compared to $11.03 million or $0.30 per diluted share a year ago. Net cash provided by operating activities was $87.96 million compared to $9.72 million a year ago. Purchases of property and equipment was $11.26 million compared to $7.07 million a year ago. Non-GAAP income from operations was $35.4 million compared to $29.7 million a year ago. Non-GAAP net income was $20.8 million or $0.57 per diluted share compared to $17.5 million or $0.48 per diluted share a year ago. Adjusted EBITDA was $44.3 million compared to $35.7 million a year ago. The company expects effective tax rate to return to more normalized level from the second half of this year 2015. For the full year 2015, the company expects total revenue to be in the range of $332 million to $335 million. Organic growth rate for 2015 is still expected to be the range of 10% to 12%. GAAP net income per diluted share is expected to be the range of $0.52 to $0.55. Non-GAAP net income per diluted share is expected to be in the range of $1.15 to $1.18. GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 40% and weighted shares outstanding of approximately 36.8 million. The company's is raising guidance for non-GAAP adjusted EBITDA for the full year of 2015 and now expect it to be the range of $89.5 million to $91.5 million. For the third quarter 2015, the company's expect total revenue to be in the range of $81.7 million to $82.7 million; GAAP net income per diluted share of $0.15 to $0.16; and non-GAAP net income per diluted share of $0.29 to $0.30. GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 40% and weighted average shares outstanding of approximately 36.8 million. Non-GAAP adjusted EBITDA for the third quarter of 2015 is expected to be in the range of $22.7 million to $23.3 million.

WageWorks Seeks Acquisitions

WageWorks, Inc. (NYSE:WAGE) is seeking acquisitions. WageWorks intends to continue to be opportunistic in pursuing acquisitions.

 

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Industry Analysis

WAGE

Industry Average

Valuation WAGE Industry Range
Price/Earnings 99.0x
Price/Sales 5.0x
Price/Book 5.2x
Price/Cash Flow 34.9x
TEV/Sales 3.2x
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