NYSE:WEX - WEX Stock Price, News, & Analysis

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$175.90 +5.67 (+3.33 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$175.90
Today's Range$170.00 - $178.29
52-Week Range$131.35 - $203.49
Volume582,719 shs
Average Volume398,486 shs
Market Capitalization$7.58 billion
P/E Ratio37.43
Dividend YieldN/A
Beta1.55
WEX Inc. provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; premium fleet services; credit and collections services; and merchant services. This segment markets its products directly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment processing solutions for corporate payment and transaction monitoring needs. Its products include virtual cards that are used for transactions where no card is presented and that require pre-authorization; and prepaid and gift card products that enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. This segment markets its products directly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is headquartered in South Portland, Maine.

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Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
CUSIP96208T10
Phone207-773-8171

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.25 billion
Cash Flow$9.7831 per share
Book Value$40.10 per share

Profitability

Net Income$160.26 million

Miscellaneous

Employees3,300
Market Cap$7.58 billion
Next Earnings Date2/27/2019 (Estimated)
OptionableOptionable

WEX (NYSE:WEX) Frequently Asked Questions

What is WEX's stock symbol?

WEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEX."

How will WEX's stock buyback program work?

WEX announced that its board has authorized a share repurchase program on Tuesday, September 26th 2017, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

How were WEX's earnings last quarter?

WEX Inc (NYSE:WEX) posted its quarterly earnings results on Wednesday, October, 31st. The business services provider reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.07. The business services provider had revenue of $382.70 million for the quarter, compared to the consensus estimate of $375.15 million. WEX had a net margin of 15.63% and a return on equity of 16.92%. The company's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. View WEX's Earnings History.

When is WEX's next earnings date?

WEX is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for WEX.

What guidance has WEX issued on next quarter's earnings?

WEX updated its FY19 earnings guidance on Friday, February, 22nd. The company provided earnings per share guidance of $8.80-9.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.94. The company issued revenue guidance of $1.63-1.67 billion, compared to the consensus revenue estimate of $1.62 billion.WEX also updated its FY18 guidance to $8.18 EPS.

What price target have analysts set for WEX?

12 analysts have issued 1-year price objectives for WEX's stock. Their forecasts range from $167.00 to $235.00. On average, they anticipate WEX's share price to reach $193.70 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price. View Analyst Price Targets for WEX.

What is the consensus analysts' recommendation for WEX?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

Has WEX been receiving favorable news coverage?

Headlines about WEX stock have been trending somewhat negative on Saturday, InfoTrie reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. WEX earned a news sentiment score of -1.9 on InfoTrie's scale. They also gave news stories about the business services provider a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the next few days.

Who are some of WEX's key competitors?

What other stocks do shareholders of WEX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include Home Depot (HD), Adobe (ADBE), UnitedHealth Group (UNH), Mastercard (MA), NVIDIA (NVDA), Paypal (PYPL), Boeing (BA), ServiceNow (NOW), GrubHub (GRUB) and Twitter (TWTR).

Who are WEX's key executives?

WEX's management team includes the folowing people:
  • Mr. Michael E. Dubyak, Exec. Chairman (Age 68)
  • Ms. Melissa D. Smith, CEO, Pres and Director (Age 50)
  • Mr. Roberto R. Simon, Chief Financial Officer (Age 45)
  • Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 57)
  • Mr. Jeffrey Alan Young, Pres of Health (Age 53)

Who are WEX's major shareholders?

WEX's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.83%), Atlanta Capital Management Co. L L C (5.25%), Frontier Capital Management Co. LLC (2.19%), Victory Capital Management Inc. (1.19%), Bank of New York Mellon Corp (1.09%) and Geode Capital Management LLC (0.94%). Company insiders that own WEX stock include David G Cooper, George W Hogan, Hilary A Rapkin, Jack Vanwoerkom, James Neary, Melissa D Smith, Nicola S Morris, Regina O Sommer, Roberto Simon and Scott Robert Phillips. View Institutional Ownership Trends for WEX.

Which major investors are selling WEX stock?

WEX stock was sold by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Victory Capital Management Inc., Columbus Circle Investors, Two Sigma Advisers LP, D. E. Shaw & Co. Inc., Candriam Luxembourg S.C.A., Bank of America Corp DE and First Trust Advisors LP. Company insiders that have sold WEX company stock in the last year include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, Melissa D Smith, Nicola S Morris, Regina O Sommer and Roberto Simon. View Insider Buying and Selling for WEX.

Which major investors are buying WEX stock?

WEX stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., UBS Oconnor LLC, UBS Oconnor LLC, BlackRock Inc., Robeco Institutional Asset Management B.V., Millennium Management LLC, Frontier Capital Management Co. LLC and Two Sigma Investments LP. View Insider Buying and Selling for WEX.

How do I buy shares of WEX?

Shares of WEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is WEX's stock price today?

One share of WEX stock can currently be purchased for approximately $175.90.

How big of a company is WEX?

WEX has a market capitalization of $7.58 billion and generates $1.25 billion in revenue each year. The business services provider earns $160.26 million in net income (profit) each year or $4.70 on an earnings per share basis. WEX employs 3,300 workers across the globe.

What is WEX's official website?

The official website for WEX is http://www.wexinc.com.

How can I contact WEX?

WEX's mailing address is 97 DARLING AVENUE, SOUTH PORTLAND ME, 04106. The business services provider can be reached via phone at 207-773-8171 or via email at [email protected]


MarketBeat Community Rating for WEX (NYSE WEX)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  351 (Vote Outperform)
Underperform Votes:  386 (Vote Underperform)
Total Votes:  737
MarketBeat's community ratings are surveys of what our community members think about WEX and other stocks. Vote "Outperform" if you believe WEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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