WEX (NYSE:WEX - Get Free Report) updated its third quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of 4.300-4.500 for the period, compared to the consensus EPS estimate of 4.122. The company issued revenue guidance of $669.0 million-$689.0 million, compared to the consensus revenue estimate of $665.6 million. WEX also updated its FY 2025 guidance to 15.370-15.770 EPS.
Wall Street Analyst Weigh In
A number of research firms have weighed in on WEX. UBS Group raised their price objective on shares of WEX from $138.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of WEX in a research report on Thursday, July 17th. They set a "hold" rating and a $150.00 target price on the stock. Jefferies Financial Group increased their price target on shares of WEX from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, May 27th. William Blair reiterated a "market perform" rating on shares of WEX in a research note on Friday. Finally, Oppenheimer assumed coverage on shares of WEX in a research note on Thursday, May 15th. They set a "market perform" rating for the company. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $179.00.
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WEX Price Performance
Shares of NYSE:WEX traded up $1.43 during midday trading on Friday, hitting $175.53. 745,194 shares of the stock were exchanged, compared to its average volume of 736,756. The company has a 50 day moving average price of $144.58 and a 200-day moving average price of $149.10. WEX has a twelve month low of $110.45 and a twelve month high of $217.47. The stock has a market cap of $6.01 billion, a P/E ratio of 22.19, a PEG ratio of 2.52 and a beta of 1.23. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.06.
WEX (NYSE:WEX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.11. WEX had a net margin of 11.79% and a return on equity of 39.13%. The firm had revenue of $636.60 million during the quarter, compared to the consensus estimate of $631.42 million. During the same quarter in the previous year, the company posted $3.46 EPS. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. On average, research analysts forecast that WEX will post 14.09 earnings per share for the current year.
Insider Activity
In other WEX news, CEO Melissa D. Smith purchased 3,721 shares of the stock in a transaction on Thursday, May 29th. The stock was bought at an average price of $134.57 per share, for a total transaction of $500,734.97. Following the acquisition, the chief executive officer directly owned 101,182 shares of the company's stock, valued at $13,616,061.74. This represents a 3.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jennifer Kimball sold 1,400 shares of WEX stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $131.08, for a total value of $183,512.00. Following the completion of the sale, the chief accounting officer owned 3,177 shares of the company's stock, valued at $416,441.16. This trade represents a 30.59% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Institutional Trading of WEX
A hedge fund recently bought a new stake in WEX stock. Empowered Funds LLC bought a new position in shares of WEX Inc. (NYSE:WEX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 2,508 shares of the business services provider's stock, valued at approximately $394,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.
About WEX
(
Get Free Report)
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.
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