Last $46.45 USD
Change Today +0.97 / 2.13%
Volume 195.4K
WAGE On Other Exchanges
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Exchange
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As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

wageworks inc (WAGE) Snapshot

Open
$45.58
Previous Close
$45.48
Day High
$46.54
Day Low
$44.78
52 Week High
01/17/14 - $68.31
52 Week Low
04/19/13 - $24.33
Market Cap
1.6B
Average Volume 10 Days
416.4K
EPS TTM
$0.53
Shares Outstanding
35.0M
EX-Date
--
P/E TM
87.8x
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 Financial Officer and Principal Account...
Total Annual Compensation: $380.0K
Chief Operating Officer
Total Annual Compensation: $370.0K
Senior Vice President, Corporate Secretary an...
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2013.

wageworks inc (WAGE) Key Developments

WageWorks, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2014

WageWorks, Inc. provided earnings guidance for the first quarter and full year of 2014. For the quarter, the company expects total revenue to be in the range of $61.6 million to $62.2 million, GAAP net income per diluted share of $0.13 to $0.15 and non-GAAP net income per diluted share of $0.20 to $0.22. GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 40%. Non-GAAP adjusted EBITDA for the first quarter of 2014 is expected to be in the range of $16.7 million to $17.3 million. For the full year, the company expects total revenue to be in the range of $238.5 million to $241.5 million. GAAP net income attributable to common stockholders per diluted share is expected to be in the range of $0.50 to $0.58. Non-GAAP net income per diluted share is expected to be in the range of $0.79 to $0.87. GAAP and non-GAAP net income per diluted share assume a tax rate of approximately 40%. Non-GAAP adjusted EBITDA was expected to be in the range of $65 million to $68 million.

WageWorks, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

WageWorks, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of $55,031,000 compared to $46,657,000 a year ago. Income from operations was $7,855,000 compared to $5,315,000 a year ago. Income before income taxes was $7,798,000 compared to $4,861,000 a year ago. Net income attributable to common stockholders was $5,320,000 or $0.15 basic and diluted per share compared to $2,742,000 or $0.09 basic and diluted per share a year ago. Non-GAAP income from operations was $10.4 million compared to $7.7 million a year ago. Non-GAAP net income was $6.2 million or $0.17 diluted per share compared to $4.2 million or $0.13 diluted per share a year ago. Adjusted EBITDA was $13.5 million compared to $10.4 million a year ago. For the year, the company reported total revenues of $219,278,000 compared to $177,282,000 a year ago. Income from operations was $31,976,000 compared to $18,932,000 a year ago. Income before income taxes was $30,902,000 compared to $17,625,000 a year ago. Net income attributable to common stockholders was $21,699,000 or $0.62 diluted per share compared to $8,198,000 or $0.33 diluted per share a year ago. Net cash provided by operating activities was $61,705,000 compared to $56,133,000 a year ago. Purchases of property and equipment were $13,832,000 compared to $12,291,000 a year ago. Non-GAAP income from operations was $44.9 million compared to $31.7 million a year ago. Non-GAAP net income was $26.3 million or $0.74 diluted per share compared to $17.4 million or $0.58 diluted per share a year ago. Adjusted EBITDA was $56.5 million compared to $41.4 million a year ago.

WageWorks, Inc. Announces Partnership with Summit Health

WageWorks, Inc. announced a partnership with Summit Health. In this partnership, WageWorks will offer Summit Health's wellness services to its clients. Additionally, Summit Health clients will have access to WageWorks' Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRAs). The agreement allows Summit Health to offer WageWorks HSAs and HRAs directly to its client base of more than 3,500 companies.

 

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Industry Analysis

WAGE

Industry Average

Valuation WAGE Industry Range
Price/Earnings 73.9x
Price/Sales 7.2x
Price/Book 6.9x
Price/Cash Flow 41.1x
TEV/Sales 5.5x
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