WEX (WEX) to Release Earnings on Thursday

WEX (NYSE:WEX) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect WEX to post earnings of $3.47 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

WEX (NYSE:WEX) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.15). WEX had a net margin of 10.46% and a return on equity of 31.33%. The business had revenue of $663.30 million for the quarter, compared to analyst estimates of $656.75 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 Performance

WEX opened at $230.47 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average price of $230.06 and a 200 day moving average price of $202.94. WEX has a 1 year low of $161.95 and a 1 year high of $244.04. The stock has a market cap of $9.62 billion, a P/E ratio of 37.41, a P/E/G ratio of 1.49 and a beta of 1.59.

Wall Street Analysts Forecast Growth

WEX has been the subject of several analyst reports. TheStreet upgraded shares of WEX from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Mizuho boosted their target price on shares of WEX from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. William Blair reiterated an “outperform” rating on shares of WEX in a research note on Thursday, February 8th. Evercore ISI upped their price objective on shares of WEX from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Barclays upped their price objective on shares of WEX from $255.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, WEX currently has a consensus rating of “Moderate Buy” and an average price target of $240.00.

Insider Transactions at WEX

In other news, CFO Jagtar Narula sold 309 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total transaction of $72,071.16. Following the completion of the sale, the chief financial officer now owns 5,528 shares of the company’s stock, valued at $1,289,350.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Sara Trickett sold 887 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $224.61, for a total value of $199,229.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jagtar Narula sold 309 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $233.24, for a total transaction of $72,071.16. Following the completion of the sale, the chief financial officer now directly owns 5,528 shares of the company’s stock, valued at approximately $1,289,350.72. The disclosure for this sale can be found here. Insiders sold 28,326 shares of company stock valued at $6,281,961 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

WEX Company Profile

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.