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.
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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