Last $45.93 USD
Change Today -0.09 / -0.20%
Volume 226.8K
WAGE On Other Exchanges
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Exchange
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As of 8:04 PM 09/12/14 All times are local (Market data is delayed by at least 15 minutes).

wageworks inc (WAGE) Snapshot

Open
$46.27
Previous Close
$46.02
Day High
$46.67
Day Low
$45.47
52 Week High
01/17/14 - $68.31
52 Week Low
05/9/14 - $33.04
Market Cap
1.6B
Average Volume 10 Days
379.4K
EPS TTM
$0.57
Shares Outstanding
35.2M
EX-Date
--
P/E TM
80.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for WAGEWORKS INC (WAGE)

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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 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. Appoints Colm Callan as Chief Financial Officer

WageWorks, Inc. announced that Colm Callan has been appointed as the company’s Chief Financial Officer (CFO), effective immediately. Mr. Callan most recently served as CFO of the Product and Technology division of PayPal, an eBay Inc.

WageWorks Provides Earnings Guidance for the Third Quarter of 2014 and Fiscal Year Ending December 31, 2014

WageWorks provided earnings guidance for the third quarter of 2014 and fiscal year ending December 31, 2014. For the quarter, the company given that it has only had CONEXIS onboard for two months, the company expects the acquisition to contribute $8 million to $9 million in revenue to have a marginally positive impact to adjusted EBITDA. On a GAAP net income per diluted share basis for the third quarter 2014, the company expects the acquisition to be neutral after transaction and acquisition amortization costs. Now let's turn its thoughts to the third quarter and full year 2014. Again, this is inclusive of CONEXIS. Starting with the third quarter, the company expects total revenue to be in the range of $66.5 million to $67.5 million, GAAP net income diluted share of $0.09 to $0.11, and non-GAAP net income per diluted share of $0.21 to $0.22. The company expectation of non-GAAP net income per diluted share for the third quarter excludes stock-based compensation expense, the amortization of acquired intangibles, contingent consideration expense and the related tax impact of these items. GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 40% and weighted average shares outstanding of 36.5 million. Non-GAAP adjusted EBITDA for the third quarter of 2014 is expected to be in the range of $16.4 million to $17 million. For the year ending December 31, 2014, the company continues to expect the annual organic revenue impact at the full run rate to be $9.5 million to $11.5 million. The company now expects total revenue to be in the range of $263 million to $265 million. GAAP net income per diluted share is expected to be in the range of $0.46 to $0.50. Non-GAAP net income per diluted share is now expected to be in a range of $0.90 $0.93. The company expectation of non-GAAP net income per diluted share for the full year excludes stock-based compensation expense, the amortization of acquired intangibles, contingent consideration expense and the related tax impact of these items. GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 40%. And weighted average shares outstanding are expected to be approximately 36.8 million. Non-GAAP adjusted EBITDA for the full year of 2014 is now expected to be in the range of $69 million to $70.2 million.

WageWorks, Inc. Announces Resignation of Richard T. Green as Chief Financial Officer

On August 4, 2014, Richard T. Green, Chief Financial Officer of WageWorks, Inc. notified the company of his intention to resign as an officer of the company in order to pursue other opportunities. Mr. Green plans to continue as Chief Financial Officer of the company during the next few months in order to facilitate an orderly transition of his responsibilities. The company has initiated a search to identify a replacement Chief Financial Officer and expects to conclude the search process expeditiously.

 

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Industry Analysis

WAGE

Industry Average

Valuation WAGE Industry Range
Price/Earnings 69.0x
Price/Sales 7.0x
Price/Book 6.3x
Price/Cash Flow 38.9x
TEV/Sales 5.3x
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