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Last $53.10 USD
Change Today -0.04 / -0.08%
Volume 134.2K
WAGE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

wageworks inc (WAGE) Snapshot

Open
$52.73
Previous Close
$53.14
Day High
$53.80
Day Low
$52.40
52 Week High
01/2/15 - $65.56
52 Week Low
05/9/14 - $33.04
Market Cap
1.9B
Average Volume 10 Days
222.7K
EPS TTM
$0.51
Shares Outstanding
35.6M
EX-Date
--
P/E TM
104.7x
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

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

 

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Industry Analysis

WAGE

Industry Average

Valuation WAGE Industry Range
Price/Earnings 100.0x
Price/Sales 7.0x
Price/Book 6.7x
Price/Cash Flow 43.6x
TEV/Sales 5.2x
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