WEX (WEX) Expected to Announce Quarterly Earnings on Wednesday

WEX (NYSE:WEX - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 23rd. Analysts expect WEX to post earnings of $3.68 per share and revenue of $650.67 million for the quarter. WEX has set its Q2 2025 guidance at 3.600-3.800 EPS and its FY 2025 guidance at 14.720-15.320 EPS.

WEX (NYSE:WEX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.11. WEX had a net margin of 12.07% and a return on equity of 37.90%. The company had revenue of $636.60 million for the quarter, compared to analyst estimates of $631.42 million. During the same period last year, the business posted $3.46 EPS. The business's quarterly revenue was down 2.5% on a year-over-year basis. 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 WEX stock traded up $2.92 during trading on Thursday, hitting $153.87. 140,216 shares of the company's stock traded hands, compared to its average volume of 735,532. The company has a market cap of $5.27 billion, a PE ratio of 19.83, a PEG ratio of 2.92 and a beta of 1.23. WEX has a twelve month low of $110.45 and a twelve month high of $217.47. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.05 and a quick ratio of 1.05. The firm's fifty day moving average price is $141.42 and its 200 day moving average price is $149.73.

Insider Buying and Selling at WEX

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

Institutional Investors Weigh In On WEX

A hedge fund recently raised its stake in WEX stock. Goldman Sachs Group Inc. lifted its holdings in WEX Inc. (NYSE:WEX - Free Report) by 158.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 350,892 shares of the business services provider's stock after purchasing an additional 215,036 shares during the quarter. Goldman Sachs Group Inc. owned 1.02% of WEX worth $55,097,000 at the end of the most recent quarter. Institutional investors and hedge funds own 97.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of WEX from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group boosted 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. Oppenheimer initiated coverage on shares of WEX in a report on Thursday, May 15th. They set a "market perform" rating for the company. UBS Group reduced their price target on shares of WEX from $172.00 to $138.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of WEX in a report on Thursday. They set a "hold" rating and a $150.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $174.45.

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.