WEX (NYSE:WEX) Announces Quarterly Earnings Results

WEX (NYSE:WEX - Get Free Report) posted its earnings results on Wednesday. The business services provider reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.68 by ($0.46), Zacks reports. WEX had a net margin of 11.79% and a return on equity of 41.87%. The firm had revenue of $659.60 million for the quarter, compared to analysts' expectations of $650.67 million. During the same period in the previous year, the company earned $3.91 EPS. The company's revenue was down 2.1% on a year-over-year basis. WEX updated its Q3 2025 guidance to 4.300-4.500 EPS and its FY 2025 guidance to 15.370-15.770 EPS.

WEX Stock Performance

WEX traded up $1.43 during midday trading on Friday, hitting $175.53. 745,194 shares of the company were exchanged, compared to its average volume of 463,946. The company's 50 day simple moving average is $145.30 and its 200 day simple moving average is $149.09. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.68 and a beta of 1.23. WEX has a 1-year low of $110.45 and a 1-year high of $217.47. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 3.99.

Insider Activity

In related news, CEO Melissa D. Smith acquired 3,721 shares of the stock in a transaction on Thursday, May 29th. The shares were acquired at an average price of $134.57 per share, for a total transaction of $500,734.97. Following the transaction, the chief executive officer owned 101,182 shares in the company, valued at approximately $13,616,061.74. This trade represents a 3.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Kimball sold 1,400 shares of WEX stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $131.08, for a total transaction of $183,512.00. Following the transaction, the chief accounting officer directly owned 3,177 shares of the company's stock, valued at approximately $416,441.16. This trade represents a 30.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Institutional Trading of WEX

An institutional investor recently bought a new position in WEX stock. Empowered Funds LLC acquired a new position in WEX Inc. (NYSE:WEX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,508 shares of the business services provider's stock, valued at approximately $394,000. 97.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on WEX. Jefferies Financial Group boosted their target price on WEX from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, May 27th. Oppenheimer began coverage on WEX in a research note on Thursday, May 15th. They set a "market perform" rating on the stock. Wells Fargo & Company decreased their price objective on shares of WEX from $160.00 to $140.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. UBS Group raised their price target on shares of WEX from $138.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday. Finally, William Blair reissued a "market perform" rating on shares of WEX in a report on Friday. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, WEX has a consensus rating of "Hold" and an average target price of $179.00.

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.