WEX (WEX) to Release Earnings on Thursday

WEX (NYSE:WEX) will be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect WEX to post earnings of $3.82 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.09. WEX had a return on equity of 31.05% and a net margin of 9.32%. The firm had revenue of $673.50 million for the quarter, compared to analysts’ expectations of $677.44 million. On average, analysts expect WEX to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

WEX Stock Down 1.7 %

NYSE:WEX opened at $212.90 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock’s fifty day moving average is $198.16 and its two-hundred day moving average is $195.19. WEX has a 52 week low of $161.95 and a 52 week high of $244.04. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.55.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Bank of America upped their price target on WEX from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price target on WEX from $190.00 to $210.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. William Blair upgraded WEX to a “strong-buy” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their price target on WEX from $190.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods cut their price objective on WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.17.

Insider Activity at WEX

In related news, CFO Jagtar Narula sold 508 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $200.00, for a total value of $101,600.00. Following the transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at $1,424,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other WEX news, CFO Jagtar Narula sold 508 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $200.00, for a total transaction of $101,600.00. Following the transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at approximately $1,424,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ann Elena Drew sold 1,182 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $172.73, for a total value of $204,166.86. Following the transaction, the insider now directly owns 5,584 shares in the company, valued at approximately $964,524.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,905 shares of company stock valued at $895,107 over the last quarter. 1.10% of the stock is owned by insiders.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.