WEX (WEX) Projected to Post Earnings on Thursday

WEX (NYSE:WEX) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $3.56 per share and revenue of $635.64 million for the quarter. WEX has set its Q1 2025 guidance at 3.350-3.500 EPS and its FY 2025 guidance at 14.650-15.250 EPS.Investors interested in registering for the company’s conference call can do so using this link.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a net margin of 12.45% and a return on equity of 31.35%. On average, analysts expect WEX to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

WEX Stock Up 1.6 %

Shares of WEX stock opened at $187.09 on Thursday. The business has a 50-day moving average price of $179.09 and a 200 day moving average price of $186.23. WEX has a fifty-two week low of $165.51 and a fifty-two week high of $244.04. The firm has a market cap of $7.44 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.50 and a beta of 1.58. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87.

Insider Buying and Selling

In other news, COO Robert Joseph Deshaies sold 175 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $189.44, for a total value of $33,152.00. Following the completion of the sale, the chief operating officer now directly owns 7,582 shares of the company’s stock, valued at approximately $1,436,334.08. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WEX. Robert W. Baird dropped their price target on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $260.00 to $190.00 in a report on Tuesday, January 14th. Barclays reaffirmed an “equal weight” rating and issued a $200.00 price target (down from $207.00) on shares of WEX in a report on Tuesday, December 17th. Jefferies Financial Group raised their target price on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Bank of America lifted their target price on WEX from $238.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, WEX presently has an average rating of “Moderate Buy” and an average target price of $217.73.

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.