WEX (WEX) to Release Earnings on Thursday

WEX (NYSE:WEX) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.47 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

WEX (NYSE:WEX) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations 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 Up 1.5 %

WEX stock opened at $234.00 on Wednesday. The firm has a 50 day simple moving average of $230.06 and a 200 day simple moving average of $202.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55. WEX has a 1-year low of $161.95 and a 1-year high of $244.04. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 1.49 and a beta of 1.59.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WEX shares. Jefferies Financial Group boosted their price objective on WEX from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Barclays increased their price target on shares of WEX from $255.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Citigroup raised their price objective on shares of WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. William Blair reaffirmed an “outperform” rating on shares of WEX in a report on Thursday, February 8th. Finally, TheStreet upgraded shares of WEX from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

Insider Activity at WEX

In other WEX news, CAO Jennifer Kimball sold 574 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $222.24, for a total transaction of $127,565.76. Following the transaction, the chief accounting officer now directly owns 1,297 shares in the company, valued at $288,245.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Melissa D. Smith sold 13,000 shares of WEX stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $222.33, for a total value of $2,890,290.00. Following the transaction, the chief executive officer now owns 81,998 shares in the company, valued at $18,230,615.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jennifer Kimball sold 574 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $222.24, for a total value of $127,565.76. Following the sale, the chief accounting officer now owns 1,297 shares of the company’s stock, valued at $288,245.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,326 shares of company stock valued at $6,281,961. Corporate insiders own 1.10% of the company’s stock.

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.