Last $59.91 USD
Change Today +0.39 / 0.66%
Volume 553.9K
WAGE On Other Exchanges
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Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

wageworks inc (WAGE) Snapshot

Open
$59.72
Previous Close
$59.52
Day High
$60.03
Day Low
$57.94
52 Week High
01/17/14 - $68.31
52 Week Low
05/9/14 - $33.04
Market Cap
2.1B
Average Volume 10 Days
250.3K
EPS TTM
$0.53
Shares Outstanding
35.4M
EX-Date
--
P/E TM
112.5x
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 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. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

WageWorks, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenue was $68.0 million, compared to $53.6 million for the third quarter of 2013, an increase of 27%. GAAP operating income was $6.6 million for the third quarter of 2014, compared to GAAP operating income of $9.9 million for the third quarter of 2013. On a non-GAAP basis, third quarter of 2014 operating income was $13.8 million, compared to non-GAAP operating income of $11.3 million for the third quarter of 2013. GAAP net income was $4.1 million, or $0.11 per diluted share, for the third quarter of 2014, compared to GAAP net income of $7.8 million, or $0.22 per diluted share, for the third quarter of 2013. On a non-GAAP net income basis, third quarter of 2014 net income was $8.5 million, or $0.24 per diluted share, compared to non-GAAP net income of $6.6 million, or $0.18 per diluted share, for the third quarter of 2013. Non-GAAP adjusted EBITDA was $18.0 million for the third quarter of 2014, a 27% increase compared to non-GAAP adjusted EBITDA of $14.2 million for the third quarter of 2013. Income before income taxes was $6.803 million, compared to $9.569 million for the last year. For the nine months, the company reported total revenues of $189.375 million, compared to $164.247 million for the last year. Operating income was $25.375 million, compared to $24.121 million for the last year. Income before income taxes was $25.105 million, compared to $23.104 million for the last year. Net income was $15.144 million, compared to $16.379 million for the last year. Net income per diluted share was $0.42, compared to $0.47 for the last year. Net cash provided by operating activities was $22.951 million, compared to $15.637 million for the last year. Purchase of property and equipment was $11.628 million, compared to $10.791 million for the last year. Non-GAAP income from operations was $43.5 million, compared to $34.5 million for the last year. Non-GAAP net income was $26 million or $0.72 per diluted share, compared to $20.1 million or $0.58 per diluted share for the last year. Adjusted EBITDA was $53.6 million, compared to $43 million for the last year. For the fourth quarter of 2014, the company expects total revenue to be in the range of $76 million to $77 million, GAAP net income per diluted share of $0.08 to $0.09 and non-GAAP net income per diluted share of $0.22 to $0.23. Non-GAAP adjusted EBITDA for the fourth quarter of 2014 is expected to be in the range of $17.4 million to $17.9 million. For the full year 2014, the company expects total revenue to be the range of $265.4 million to $266.4 million. GAAP net income per diluted share is expected to be in the range of $0.50 to $0.51. Non-GAAP net income per diluted share is now expected to be in the range of $0.94 to $0.95. GAAP and non-GAAP net income per diluted share, assuming a tax rate of approximately 40%. Non-GAAP adjusted EBITDA for the full year 2014 is now expected to be in the range of $71 million to $71.5 million.

WageWorks, Inc. to Report Q3, 2014 Results on Nov 06, 2014

WageWorks, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 06, 2014

WageWorks, Inc., Q3 2014 Earnings Call, Nov 06, 2014

WageWorks, Inc., Q3 2014 Earnings Call, Nov 06, 2014

 

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WAGE

Industry Average

Valuation WAGE Industry Range
Price/Earnings 100.0x
Price/Sales 8.6x
Price/Book 7.9x
Price/Cash Flow 54.0x
TEV/Sales 6.8x
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