Last $42.83 USD
Change Today -0.63 / -1.45%
Volume 213.8K
WAGE On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

wageworks inc (WAGE) Snapshot

Open
$43.20
Previous Close
$43.46
Day High
$43.56
Day Low
$42.79
52 Week High
01/17/14 - $68.31
52 Week Low
08/7/13 - $32.88
Market Cap
1.5B
Average Volume 10 Days
440.5K
EPS TTM
$0.56
Shares Outstanding
35.1M
EX-Date
--
P/E TM
76.8x
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 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. It provides 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. In addition, the company 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 qualified 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, which include medical, dental, vision, HRAs, and certain healthcare FSAs. The company was incorporated in 2000 and is headquartered in San Mateo, California.

1,068 Employees
Last Reported Date: 02/27/14
Founded in 2000

wageworks inc (WAGE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $700.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $380.0K
Chief Operating Officer
Total Annual Compensation: $370.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2013.

wageworks inc (WAGE) Key Developments

WageWorks, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-10-2014 02:50 PM

WageWorks, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-10-2014 02:50 PM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States. Speakers: Joseph L. Jackson, Chief Executive Officer and Director, Richard T. Green, Chief Financial Officer and Principal Accounting Officer.

WageWorks, Inc. Announces Unaudited Consolidated Earnings Results for Its First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year 2014

WageWorks, Inc. announced unaudited consolidated earnings results for its first quarter ended March 31, 2014. For the first quarter, the company reported total revenue of $62.6 million compared to $56.11 million a year ago. Income from operations was $10.905 million compared to $7.499 million a year ago. Income before income taxes was $10.662 million compared to $7.147 million a year ago. Net income was $6.444 million or $0.18 per diluted share compared to $4.636 million or $0.14 per basic and diluted share a year ago. Net cash used in operating activities was $10.795 million against net cash provided by operating activities of $5.308 million of prior year period. Purchases of property and equipment were $3.233 million against $3.611 million of prior year period. Non-GAAP income from operations was $15.2 million compared to $11.2 million a year ago. Non-GAAP net income was $9 million or $0.25 per diluted share compared to $6.9 million or $0.20 per diluted share a year ago. Adjusted EBITDA was $18.1 million compared to $14 million a year ago. Non-GAAP adjusted EBITDA was $18.1 million compared to $14 million in the first quarter of 2013, an increase of 29% over the previous year period. The company provided earnings guidance for the second quarter and full year 2014. For the second quarter, the company expects total revenue to be in the range of $58.3 million to $58.9 million, GAAP net income diluted share of $0.12 to $0.13 and non-GAAP net income per diluted share of $0.21 to $0.23. Non-GAAP adjusted EBITDA for the second quarter of 2014 is expected to be in the range of $16.5 million to $17.1 million. For the full year of 2014, the company continues to expect total revenue to be in the range of $238.5 million to $241.5 million. 2014 organic growth rate is expected to be between 9.5% and 10.5%. GAAP net income per diluted share is expected to be in the range of $0.42 to $0.50. Non-GAAP net income per diluted share is expected to be in the range of $0.81 to $0.89. GAAP and non-GAAP net income per diluted share assume a tax rate of 40%. Non-GAAP adjusted EBITDA for the full year of 2014 is now expected to be in the range of $65.8 million to $68.8 million.

WageWorks Inc. Tapped as Provider of Consumer-Directed Benefits for Liazon Private Exchanges

WageWorks Inc. announced an agreement to be a national administration partner for Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs), for the Bright Choices Exchange(R) and other private exchanges powered by Liazon Corporation. Liazon helps employers save money on their healthcare costs by setting predictable budgets while allowing employees to personalize their benefits package with a selection of health, dental, vision, life, disability, and other benefits. As a national partner, WageWorks' Consumer-Directed Benefits will be offered to employees through Liazon's private exchanges throughout the United States. WageWorks pre-tax savings and spending accounts will be available for members of Liazon's Bright Choices Exchange beginning on July 1, 2014.

 

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WAGE

Industry Average

Valuation WAGE Industry Range
Price/Earnings 66.4x
Price/Sales 6.7x
Price/Book 6.3x
Price/Cash Flow 37.4x
TEV/Sales 5.1x
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