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FLEETCOR (FLT) to Gain From Levarti Acquisition: Here's How
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FLEETCOR Technologies, Inc. yesterday announced that it has completed the acquisition of Levarti, an airline software platform company.
Levarti offers a suite of solutions to automate passenger disruptions, including passenger notifications, flight re-bookings, hotel accommodations, transfers and vouchers. Levarti’s MAX software suite (launched in 2014) helps airlines digitize their airport operations and communications.
Over the past year, shares of FLEETCOR have declined 16.1% compared with 28.9% loss of the industry it belongs to. The Zacks S&P 500 composite has risen 16.5% in the same time frame.
Image Source: Zacks Investment Research
How Will FLEETCOR Benefit?
The acquisition of Levarti is expected to strengthen FLEETCOR’s airline-lodging business.
FLEETCOR’s existing airline lodging unit reserves multiple hotel rooms for global airlines’ crews and disrupted passengers, every year.
Levarti’s MAX mobile apps offer passengers with an end-to-end digital experience from check-in, on-flight contactless payments, and through baggage tracking and claim. These facilities should help boost FLEETCOR’s airline lodging sales.
Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc., stated, "This acquisition gives us a complementary solution to further automate and streamline passenger disruption events for our airline clients. We expect our combined offering will be of great interest to airlines, and lead to accelerated sales in our lodging airline segment."
Some better-ranked stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare (CCRN - Free Report) , Accenture (ACN - Free Report) and Clean Harbors (CLH - Free Report) . While Cross Country Healthcare and Clean Harbors sport a Zacks Rank #1, Accenture carries a Zacks Rank #2 (Buy) at present.
Cross Country Healthcare has a trailing four-quarter earnings surprise of 75%, on average.
Cross Country Healthcare’s shares have surged 112.3% in the past year. The company has a long-term earnings growth of 21.5%.
Accenture has an expected earnings growth rate of 19.7% for the current year. The company has a trailing four-quarter earnings surprise of 5.3%, on average.
Accenture’s shares have surged 27.1% in the past year. The company has a long-term earnings growth of 10%.
Clean Harbors has an expected earnings growth rate of 3.4% for the current year. The company has a trailing four-quarter earnings surprise of 50.5%, on average.
Clean Harbors’ shares have surged 11.9% in the past year.
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FLEETCOR (FLT) to Gain From Levarti Acquisition: Here's How
FLEETCOR Technologies, Inc. yesterday announced that it has completed the acquisition of Levarti, an airline software platform company.
Levarti offers a suite of solutions to automate passenger disruptions, including passenger notifications, flight re-bookings, hotel accommodations, transfers and vouchers. Levarti’s MAX software suite (launched in 2014) helps airlines digitize their airport operations and communications.
Over the past year, shares of FLEETCOR have declined 16.1% compared with 28.9% loss of the industry it belongs to. The Zacks S&P 500 composite has risen 16.5% in the same time frame.
Image Source: Zacks Investment Research
How Will FLEETCOR Benefit?
The acquisition of Levarti is expected to strengthen FLEETCOR’s airline-lodging business.
FLEETCOR’s existing airline lodging unit reserves multiple hotel rooms for global airlines’ crews and disrupted passengers, every year.
Levarti’s MAX mobile apps offer passengers with an end-to-end digital experience from check-in, on-flight contactless payments, and through baggage tracking and claim. These facilities should help boost FLEETCOR’s airline lodging sales.
Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc., stated, "This acquisition gives us a complementary solution to further automate and streamline passenger disruption events for our airline clients. We expect our combined offering will be of great interest to airlines, and lead to accelerated sales in our lodging airline segment."
Zacks Rank and Stocks to Consider
FLEETCOR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare (CCRN - Free Report) , Accenture (ACN - Free Report) and Clean Harbors (CLH - Free Report) . While Cross Country Healthcare and Clean Harbors sport a Zacks Rank #1, Accenture carries a Zacks Rank #2 (Buy) at present.
Cross Country Healthcare has a trailing four-quarter earnings surprise of 75%, on average.
Cross Country Healthcare’s shares have surged 112.3% in the past year. The company has a long-term earnings growth of 21.5%.
Accenture has an expected earnings growth rate of 19.7% for the current year. The company has a trailing four-quarter earnings surprise of 5.3%, on average.
Accenture’s shares have surged 27.1% in the past year. The company has a long-term earnings growth of 10%.
Clean Harbors has an expected earnings growth rate of 3.4% for the current year. The company has a trailing four-quarter earnings surprise of 50.5%, on average.
Clean Harbors’ shares have surged 11.9% in the past year.