Why FleetCor Technologies, Inc. (FLT) is a Strong Investment Opportunity
Are you looking to make a prudent investment decision in the stock market? If so, FleetCor Technologies, Inc. (FLT) might just be the perfect pick for you. This Financial Transaction Services stock has been performing exceptionally well this year, with a 38.4% return, outperforming its industry by 12.4%. With a Zacks Rank #2 (Buy) and a VGM Score of B, FleetCor is showing strong potential for sustained growth in the near future.
Analysts are bullish on FleetCor, with seven upward revisions in earnings estimates for 2019 in the past 30 days. The company has a positive earnings surprise history, beating the Zacks Consensus Estimate in the last four quarters. The long-term expected earnings per share growth rate is an impressive 16.5%, indicating strong growth prospects for the company.
FleetCor’s revenue growth is being driven by both organic growth and strategic acquisitions. The company’s strong balance sheet, with $1.4 billion in cash and no long-term debt, provides it with the flexibility to pursue further acquisitions and investments. In fact, FleetCor has a history of rewarding shareholders through share repurchases, further enhancing its attractiveness as an investment opportunity.
If you’re considering investing in FleetCor, now might be the perfect time to add it to your portfolio. With strong growth prospects, positive earnings momentum, and a solid financial position, FleetCor Technologies, Inc. is definitely a stock to watch in the coming months.
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