WEX (WEX) to Release Earnings on Thursday

WEX (NYSE:WEX) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect WEX to post earnings of $3.47 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 issued its earnings results 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). The company had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $656.75 million. WEX had a return on equity of 31.33% and a net margin of 10.46%. On average, analysts expect WEX to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

WEX Price Performance

Shares of NYSE WEX opened at $230.47 on Tuesday. The firm has a market capitalization of $9.62 billion, a P/E ratio of 37.41, a PEG ratio of 1.49 and a beta of 1.59. WEX has a one year low of $161.95 and a one year high of $244.04. The company’s fifty day moving average is $230.06 and its two-hundred day moving average is $202.94. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.05 and a current ratio of 1.05.

Insider Buying and Selling at WEX

In other WEX news, 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 value of $72,071.16. Following the transaction, the chief financial officer now directly owns 5,528 shares in the company, valued at approximately $1,289,350.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, 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 transaction, the chief financial officer now owns 5,528 shares of the company’s stock, valued at approximately $1,289,350.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Robert Joseph Deshaies sold 1,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $221.85, for a total transaction of $332,775.00. Following the transaction, the chief operating officer now directly owns 5,570 shares of the company’s stock, valued at approximately $1,235,704.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,326 shares of company stock worth $6,281,961. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird boosted their target price on shares of WEX from $272.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. William Blair reiterated an “outperform” rating on shares of WEX in a research report on Thursday, February 8th. Jefferies Financial Group boosted their price objective on shares of WEX from $235.00 to $240.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. StockNews.com lowered shares of WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Finally, Barclays boosted 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

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.