Wall Street analysts forecast that WEX Inc (NYSE:WEX) will post earnings of $2.11 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for WEX’s earnings, with the lowest EPS estimate coming in at $2.08 and the highest estimate coming in at $2.15. WEX posted earnings per share of $1.49 during the same quarter last year, which indicates a positive year-over-year growth rate of 41.6%. The business is expected to report its next quarterly earnings report on Wednesday, February 20th.
On average, analysts expect that WEX will report full year earnings of $8.20 per share for the current fiscal year, with EPS estimates ranging from $8.16 to $8.23. For the next financial year, analysts anticipate that the firm will post earnings of $9.58 per share, with EPS estimates ranging from $9.23 to $9.80. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for WEX.
WEX (NYSE:WEX) last announced its earnings results on Wednesday, October 31st. The business services provider reported $2.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.07. The firm had revenue of $382.70 million for the quarter, compared to the consensus estimate of $375.15 million. WEX had a return on equity of 16.92% and a net margin of 15.63%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS.
WEX has been the topic of several recent research reports. Wells Fargo & Co raised WEX from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $190.00 to $200.00 in a report on Thursday, November 1st. Deutsche Bank reaffirmed a “buy” rating and set a $186.00 target price on shares of WEX in a report on Wednesday, November 21st. ValuEngine downgraded WEX from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Barclays initiated coverage on WEX in a report on Wednesday, November 14th. They set an “overweight” rating and a $211.00 target price on the stock. Finally, Zacks Investment Research raised WEX from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a report on Saturday, October 13th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $198.50.
Shares of WEX opened at $153.48 on Wednesday. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 1.35 and a beta of 1.69. WEX has a 12 month low of $128.00 and a 12 month high of $203.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.50 and a current ratio of 1.50.
Large investors have recently made changes to their positions in the company. TRUE Private Wealth Advisors acquired a new position in shares of WEX in the 3rd quarter valued at about $103,000. Cutler Group LP lifted its stake in shares of WEX by 133.3% in the 2nd quarter. Cutler Group LP now owns 700 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 400 shares during the period. Parallel Advisors LLC acquired a new position in shares of WEX in the 3rd quarter valued at about $166,000. NumerixS Investment Technologies Inc lifted its stake in shares of WEX by 150.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 600 shares during the period. Finally, HPM Partners LLC acquired a new position in shares of WEX in the 2nd quarter valued at about $215,000. 97.35% of the stock is currently owned by institutional investors.
WEX Company Profile
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 and processing services.
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