Brokerages Anticipate WEX Inc (WEX) Will Announce Earnings of $1.72 Per Share

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Brokerages expect WEX Inc (NYSE:WEX) to announce $1.72 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for WEX’s earnings. The highest EPS estimate is $1.97 and the lowest is $1.67. WEX posted earnings per share of $1.81 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5%. The company is expected to announce its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that WEX will report full-year earnings of $9.08 per share for the current year, with EPS estimates ranging from $8.92 to $9.50. For the next year, analysts expect that the company will post earnings of $10.57 per share, with EPS estimates ranging from $10.33 to $11.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover WEX.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, March 20th. The business services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.93 by $0.01. WEX had a return on equity of 18.30% and a net margin of 11.18%. The business had revenue of $381.20 million for the quarter, compared to analyst estimates of $372.57 million. During the same quarter in the previous year, the firm earned $1.49 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year.

WEX has been the topic of several analyst reports. BTIG Research initiated coverage on WEX in a report on Thursday, January 17th. They set a “buy” rating and a $198.00 price target on the stock. Zacks Investment Research upgraded WEX from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. ValuEngine upgraded WEX from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Wells Fargo & Co reiterated an “outperform” rating and set a $180.00 price target (down previously from $200.00) on shares of WEX in a report on Wednesday, January 16th. Finally, Wolfe Research upgraded WEX from a “market perform” rating to an “outperform” rating in a report on Friday, January 4th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. WEX currently has an average rating of “Buy” and a consensus target price of $201.42.

Shares of NYSE WEX traded down $0.32 during trading on Monday, hitting $202.02. 213 shares of the company were exchanged, compared to its average volume of 270,971. WEX has a 12-month low of $131.35 and a 12-month high of $204.52. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.19. The firm has a market cap of $8.73 billion, a PE ratio of 26.44, a P/E/G ratio of 1.59 and a beta of 1.52.

In related news, insider David G. Cooper sold 167 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $186.05, for a total value of $31,070.35. Following the sale, the insider now directly owns 14,674 shares in the company, valued at approximately $2,730,097.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicola S. Morris sold 992 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $184.05, for a total transaction of $182,577.60. Following the completion of the sale, the insider now owns 11,848 shares in the company, valued at $2,180,624.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,244 shares of company stock worth $2,204,713. 4.57% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEX. Ffcm LLC grew its position in WEX by 50.0% in the 4th quarter. Ffcm LLC now owns 210 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 70 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in WEX in the 4th quarter valued at about $32,000. Advisory Services Network LLC grew its position in WEX by 79.2% in the 4th quarter. Advisory Services Network LLC now owns 405 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 179 shares in the last quarter. Enlightenment Research LLC acquired a new position in WEX in the 4th quarter valued at about $98,000. Finally, Bremer Trust National Association acquired a new position in WEX in the 4th quarter valued at about $140,000. 99.48% of the stock is owned by institutional investors.

About WEX

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

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Earnings History and Estimates for WEX (NYSE:WEX)

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