WEX Company Profile (NYSE:WEX)

About WEX (NYSE:WEX)

WEX logoWEX Inc. is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets. The Travel and Corporate Solutions segment focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. The Health and Employee Benefit Solutions segment provides healthcare payment products and software as a service consumer directed platforms, as well as payroll related benefits to customers in Brazil. The United States operations include the Company and its subsidiaries WEX Bank, WEX FleetOne, Electronic Funds Source LLC and WEX Health.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Transaction & Payment Services
  • Sub-Industry: Data Processing & Outsourced Services
  • Symbol: NYSE:WEX
  • CUSIP: 96208T10
  • Web: www.wexinc.com
Capitalization:
  • Market Cap: $4.76153 billion
  • Outstanding Shares: 42,904,000
Average Prices:
  • 50 Day Moving Avg: $106.23
  • 200 Day Moving Avg: $105.10
  • 52 Week Range: $97.26 - $122.91
P/E:
  • Trailing P/E Ratio: 67.01
  • Foreward P/E Ratio: 19.29
  • P/E Growth: 1.38
Sales & Book Value:
  • Annual Revenue: $1.17 billion
  • Price / Sales: 4.07
  • Book Value: $36.62 per share
  • Price / Book: 3.03
Profitability:
  • EBIDTA: $377.31 million
  • Net Margins: 6.09%
  • Return on Equity: 13.03%
  • Return on Assets: 3.23%
Debt:
  • Debt-to-Equity Ratio: 0.19%
  • Current Ratio: 0.66%
  • Quick Ratio: 0.66%
Misc:
  • Average Volume: 447,639 shs.
  • Beta: 1.8
  • Short Ratio: 7.11
 

Frequently Asked Questions for WEX (NYSE:WEX)

What is WEX's stock symbol?

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

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) issued its earnings results on Thursday, July, 27th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.15 by $0.11. The firm had revenue of $303.90 million for the quarter, compared to analysts' expectations of $293.91 million. WEX had a return on equity of 13.03% and a net margin of 6.09%. The business's revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. View WEX's Earnings History.

When will WEX make its next earnings announcement?

WEX is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for WEX.

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

WEX updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $5.15-5.35 for the period, compared to the Thomson Reuters consensus estimate of $5.33. The company issued revenue guidance of $1.20-1.22 billion, compared to the consensus revenue estimate of $1.19 billion.WEX also updated its Q3 guidance to $1.35-1.42 EPS.

Where is WEX's stock going? Where will WEX's stock price be in 2017?

11 brokerages have issued 12 month target prices for WEX's shares. Their forecasts range from $113.00 to $135.00. On average, they expect WEX's stock price to reach $121.70 in the next twelve months. View Analyst Ratings for WEX.

Who are some of WEX's key competitors?

Who are WEX's key executives?

WEX's management team includes the folowing people:

  • Melissa D. Smith, President, Chief Executive Officer, Director
  • Rowland T. Moriarty, Lead Independent Vice Chairman of the Board
  • Roberto Simon, Chief Financial Officer
  • Hilary A. Rapkin, Senior Vice President, General Counsel, Corporate Secretary
  • Kenneth Janosick, Senior Vice President, General Manager - Global Fleet Direct
  • Scott Phillips, Senior Vice President and General Manager, EFS
  • James Pratt, Senior Vice President and General Manager, Virtual Products
  • Jeffrey Young, Senior Vice President and General Manager, WEX Health
  • George W. Hogan, Senior Vice President - International
  • Nicola Morris, Senior Vice President - Corporate Development

Who owns WEX stock?

WEX's stock is owned by many different of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (8.21%), Vanguard Group Inc. (7.52%), Janus Henderson Group PLC (7.39%), BlackRock Inc. (7.14%), Atlanta Capital Management Co. L L C (7.00%) and Warburg Pincus LLC (5.98%). Company insiders that own WEX stock include Eric Duprat, George W Hogan, Hilary A Rapkin, Jack Vanwoerkom, James Neary, Melissa D Smith, Michael E Dubyak, Scott Robert Phillips and Stephen R Crowley. View Institutional Ownership Trends for WEX.

Who sold WEX stock? Who is selling WEX stock?

WEX's stock was sold by a variety of institutional investors in the last quarter, including Warburg Pincus LLC, Goldman Sachs Group Inc., Clinton Group Inc., Wells Fargo & Company MN, Hermes Investment Management Ltd., First Trust Advisors LP, Victory Capital Management Inc. and BTIM Corp.. Company insiders that have sold WEX stock in the last year include George W Hogan, Hilary A Rapkin, James Neary, Michael E Dubyak and Scott Robert Phillips. View Insider Buying and Selling for WEX.

Who bought WEX stock? Who is buying WEX stock?

WEX's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, JPMorgan Chase & Co., Atlanta Capital Management Co. L L C, FMR LLC, Junto Capital Management LP, TimesSquare Capital Management LLC, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA and Crescent Park Management L.P.. View Insider Buying and Selling for WEX.

How do I buy WEX stock?

Shares of WEX can be purchased through any online brokerage account. Popular online brokerages 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 $111.09.


MarketBeat Community Rating for WEX (NYSE WEX)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  189 (Vote Outperform)
Underperform Votes:  274 (Vote Underperform)
Total Votes:  463
MarketBeat's community ratings are surveys of what our community members think about WEX and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for WEX (NYSE:WEX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 9 Buy Ratings
Consensus Rating:Buy (Score: 2.82)
Consensus Price Target: $121.70 (9.55% upside)

Analysts' Ratings History for WEX (NYSE:WEX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/11/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$114.00 -> $126.00HighView Rating Details
9/5/2017Credit Suisse GroupReiterated RatingOutperformLowView Rating Details
8/25/2017Raymond James Financial, Inc.Initiated CoverageOutperform -> Outperform$115.00MediumView Rating Details
8/13/2017Keefe, Bruyette & WoodsSet Price TargetBuy$130.00LowView Rating Details
8/10/2017Oppenheimer Holdings, Inc.Reiterated RatingOutperform$120.00LowView Rating Details
8/2/2017Barclays PLCReiterated RatingHold$118.00LowView Rating Details
7/12/2017William BlairReiterated RatingOutperformMediumView Rating Details
6/27/2017MizuhoInitiated CoverageBuy$115.00MediumView Rating Details
6/5/2017Deutsche Bank AGUpgradeHold -> Buy$116.00 -> $125.00HighView Rating Details
5/15/2017Jefferies Group LLCReiterated RatingBuy$135.00LowView Rating Details
12/21/2016Citigroup Inc.Reiterated RatingNeutralN/AView Rating Details
7/28/2016Morgan StanleyBoost Price TargetEqual Weight$94.00 -> $95.00N/AView Rating Details
6/24/2016SunTrust Banks, Inc.Initiated CoverageNeutral$100.00N/AView Rating Details
4/29/2016J P Morgan Chase & CoUpgradeUnderweight -> Neutral$72.00 -> $91.00N/AView Rating Details
4/28/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
4/15/2016Compass PointInitiated CoverageNeutral$81.00N/AView Rating Details
4/4/2016Evercore ISIBoost Price TargetHold$69.00 -> $70.00N/AView Rating Details
10/29/2015Topeka Capital MarketsLower Price TargetHold$110.00 -> $92.00N/AView Rating Details
(Data available from 9/21/2015 forward)

Earnings

Earnings History for WEX (NYSE:WEX)
Earnings by Quarter for WEX (NYSE:WEX)
Earnings History by Quarter for WEX (NYSE WEX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$1.41N/AView Earnings Details
7/27/2017Q2 2017$1.15$1.26$293.91 million$303.90 millionViewN/AView Earnings Details
4/27/2017Q1 2017$1.13$1.13$281.68 million$291.36 millionViewN/AView Earnings Details
2/13/2017Q4 2016$1.26$1.28$279.89 million$290.80 millionViewListenView Earnings Details
10/27/2016Q316$1.13$1.25$279.28 million$287.80 millionViewListenView Earnings Details
7/27/2016Q216$1.02$1.08$221.64 million$233.90 millionViewListenView Earnings Details
4/27/2016Q116$0.88$0.97$199.38 million$205.90 millionViewListenView Earnings Details
2/8/2016Q415$1.05$1.15$202.94 million$212.60 millionViewListenView Earnings Details
10/28/2015Q315$1.42$1.29$226.36 million$226.10 millionViewListenView Earnings Details
7/29/2015Q215$1.25$1.25$217.62 million$213.70 millionViewListenView Earnings Details
4/29/2015Q115$0.99$1.10$198.93 million$202.30 millionViewListenView Earnings Details
2/9/2015Q414$1.12$0.96$207.60 million$211.90 millionViewListenView Earnings Details
10/29/2014Q3$1.34$1.56$221.07 million$222.10 millionViewListenView Earnings Details
7/30/2014Q214$1.23$1.39$195.30 million$201.60 millionViewListenView Earnings Details
4/30/2014Q1$1.04$1.06$174.05 million$182.10 millionViewListenView Earnings Details
2/5/2014Q4$1.09$1.13$177.55 million$182.30 millionViewListenView Earnings Details
10/30/2013Q313$1.20$1.29$190.30 million$191.50 millionViewListenView Earnings Details
7/31/2013Q2 2013$1.04$1.05$176.74 million$178.30 millionViewListenView Earnings Details
11/9/2012Q312($0.03)$1.14 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for WEX (NYSE:WEX)
2017 EPS Consensus Estimate: $5.04
2018 EPS Consensus Estimate: $5.78
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175$1.12$1.25$1.15
Q2 20174$1.17$1.24$1.20
Q3 20174$1.31$1.43$1.37
Q4 20174$1.28$1.36$1.32
Q1 20182$1.24$1.33$1.29
Q2 20182$1.41$1.45$1.43
Q3 20182$1.57$1.59$1.58
Q4 20182$1.45$1.51$1.48
(Data provided by Zacks Investment Research)

Dividends

Dividend History for WEX (NYSE:WEX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for WEX (NYSE:WEX)
Insider Ownership Percentage: 0.86%
Insider Trades by Quarter for WEX (NYSE:WEX)
Institutional Ownership by Quarter for WEX (NYSE:WEX)
Insider Trades by Quarter for WEX (NYSE:WEX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/14/2017James NearyDirectorSell2,390,000$102.25$244,377,500.00View SEC Filing  
7/12/2017George W HoganSVPSell4,500$110.00$495,000.00View SEC Filing  
6/26/2017Hilary A RapkinSVPSell2,000$105.00$210,000.00View SEC Filing  
5/2/2017Scott Robert PhillipsSVPSell22,135$99.90$2,211,286.50View SEC Filing  
2/15/2017Michael E DubyakDirectorSell5,500$109.94$604,670.00View SEC Filing  
12/30/2016Michael E DubyakDirectorSell5,500$111.22$611,710.00View SEC Filing  
11/15/2016Michael E DubyakDirectorSell5,500$99.52$547,360.00View SEC Filing  
11/2/2016George W HoganSVPSell1,950$103.88$202,566.00View SEC Filing  
8/5/2016Melissa D SmithCEOSell5,910$93.03$549,807.30View SEC Filing  
8/2/2016Stephen R. CrowleySVPSell1,808$90.95$164,437.60View SEC Filing  
7/29/2016Eric DupratDirectorSell1,100$93.73$103,103.00View SEC Filing  
2/29/2016Michael E DubyakDirectorBuy3,800$66.37$252,206.00View SEC Filing  
11/2/2015George W HoganSVPSell2,791$89.74$250,464.34View SEC Filing  
11/2/2015Jack VanwoerkomDirectorSell5,500$89.79$493,845.00View SEC Filing  
5/19/2015Regina O SommerDirectorSell2,382$118.25$281,671.50View SEC Filing  
5/14/2015Kenneth JanosickSVPSell1,290$116.36$150,104.40View SEC Filing  
2/13/2015Kenneth JanosickSVPSell1,600$104.07$166,512.00View SEC Filing  
11/6/2014George W HoganSVPSell1,775$113.46$201,391.50View SEC Filing  
10/31/2014Hilary A RapkinSVPSell1,782$112.61$200,671.02View SEC Filing  
9/11/2014Hilary A RapkinSVPSell2,727$110.54$301,442.58View SEC Filing  
6/17/2014Steven Alan ElderCFOSell1,081$105.00$113,505.00View SEC Filing  
5/5/2014Kenneth JanosickSVPSell3,650$92.25$336,712.50View SEC Filing  
12/23/2013David MaxsimicInsiderSell1,835$99.50$182,582.50View SEC Filing  
12/9/2013George HoganSVPSell1,350$99.40$134,190.00View SEC Filing  
12/2/2013Melissa SmithInsiderSell1,850$99.01$183,168.50View SEC Filing  
11/13/2013Rowland MoriartyDirectorSell6,966$97.75$680,926.50View SEC Filing  
11/1/2013Michael E DubyakCEOSell20,750$92.16$1,912,320.00View SEC Filing  
10/30/2013Hilary A RapkinSVPSell2,250$90.00$202,500.00View SEC Filing  
10/30/2013Melissa D SmithInsiderSell2,100$88.95$186,795.00View SEC Filing  
9/23/2013David MaxsimicInsiderSell1,835$84.81$155,626.35View SEC Filing  
3/20/2013David A GagneCEOBuy5,000$0.85$4,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for WEX (NYSE:WEX)
Latest Headlines for WEX (NYSE:WEX)
Source:
DateHeadline
marketwatch.com logoVehicle Analytics Market Worth 3,637.4 Million USD by 2022
www.marketwatch.com - September 20 at 11:01 AM
finance.yahoo.com logoEFS Launches New Mobile Technology for Fleet Managers
finance.yahoo.com - September 18 at 7:59 AM
americanbankingnews.com logoWEX Inc. (WEX) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - September 16 at 10:56 PM
americanbankingnews.com logo Analysts Expect WEX Inc. (WEX) Will Post Quarterly Sales of $309.16 Million
www.americanbankingnews.com - September 13 at 8:05 AM
prnewswire.com logoMize and WEX Inc. announce virtual payments agreement for Warranty and Service ...
www.prnewswire.com - September 12 at 12:05 PM
reuters.com logoBRIEF-Mize and WEX Inc announce virtual payments agreement
www.reuters.com - September 12 at 12:05 PM
finance.yahoo.com logoMize and WEX Inc. announce virtual payments agreement for Warranty and Service Contracts
finance.yahoo.com - September 12 at 12:05 PM
americanbankingnews.com logoGoldman Sachs Group, Inc. (The) Upgrades WEX Inc. (WEX) to "Buy"
www.americanbankingnews.com - September 12 at 12:08 AM
americanbankingnews.com logoWEX Inc. (WEX) Expected to Post Earnings of $1.39 Per Share
www.americanbankingnews.com - September 11 at 6:24 PM
finance.yahoo.com logoWEX Inc. to Present at the Deutsche Bank 2017 Technology Conference
finance.yahoo.com - September 6 at 10:16 AM
americanbankingnews.com logoCredit Suisse Group Reaffirms Outperform Rating for WEX Inc. (WEX)
www.americanbankingnews.com - September 5 at 11:36 PM
finance.yahoo.com logoWEX, Inc. – Value Analysis (NYSE:WEX) : September 1, 2017
finance.yahoo.com - September 1 at 11:08 AM
finance.yahoo.com logoStay Positive On FinTech Stocks
finance.yahoo.com - August 30 at 4:00 PM
finance.yahoo.com logoWEX Virtual Payments Secures E-Money License and Becomes Principal Member of Mastercard in Europe
finance.yahoo.com - August 30 at 11:07 AM
finance.yahoo.com logoWEX, Inc. breached its 50 day moving average in a Bullish Manner : WEX-US : August 28, 2017
finance.yahoo.com - August 29 at 9:39 AM
americanbankingnews.com logo$309.33 Million in Sales Expected for WEX Inc. (WEX) This Quarter
www.americanbankingnews.com - August 26 at 6:48 PM
americanbankingnews.com logoWEX Inc. (WEX) Raised to "Hold" at BidaskClub
www.americanbankingnews.com - August 26 at 11:58 AM
americanbankingnews.com logoWEX Inc. (WEX) Coverage Initiated at Raymond James Financial, Inc.
www.americanbankingnews.com - August 25 at 9:42 AM
streetinsider.com logoWex, Inc. (WEX) Secures 5-Yr Contract with Department of Homeland Security to Supply Vehicle Telematics Products
www.streetinsider.com - August 23 at 6:54 PM
americanbankingnews.com logoCardConnect Corp (CCN) versus WEX (WEX) Head to Head Comparison
www.americanbankingnews.com - August 23 at 2:16 PM
finance.yahoo.com logoDepartment of Homeland Security Awards WEX Purchase Agreement for Telematics Products and Services
finance.yahoo.com - August 23 at 1:54 PM
americanbankingnews.com logoWEX Inc. (WEX) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 22 at 10:44 PM
americanbankingnews.com logoTheStreet Downgrades WEX Inc. (WEX) to C+
www.americanbankingnews.com - August 21 at 12:34 AM
americanbankingnews.com logoWEX (WEX) & Planet Payment (PLPM) Head-To-Head Comparison
www.americanbankingnews.com - August 17 at 8:26 PM
americanbankingnews.com logoInsider Selling: WEX Inc. (WEX) Director Sells 2,390,000 Shares of Stock
www.americanbankingnews.com - August 15 at 7:18 PM
americanbankingnews.com logoCritical Contrast: WEX (WEX) vs. Fiserv (FISV)
www.americanbankingnews.com - August 14 at 6:12 PM
americanbankingnews.com logoWEX Inc. (NYSE:WEX) PT Set at $130.00 by Keefe, Bruyette & Woods
www.americanbankingnews.com - August 14 at 11:40 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about WEX Inc.
finance.yahoo.com - August 13 at 7:39 AM
americanbankingnews.com logoOppenheimer Holdings, Inc. Reiterates Outperform Rating for WEX Inc. (WEX)
www.americanbankingnews.com - August 10 at 11:44 AM
finance.yahoo.com logoWEX Launches New Buyer/Supplier Integrated Payables Solution on a Single Platform
finance.yahoo.com - August 9 at 9:06 AM
finance.yahoo.com logoACOM Solutions and WEX Inc. Partner to Offer Clients a Complete Buyer/Supplier Payables Solution on a Single Platform
finance.yahoo.com - August 9 at 9:06 AM
finance.yahoo.com logoETFs with exposure to WEX, Inc. : August 8, 2017
finance.yahoo.com - August 9 at 9:05 AM
americanbankingnews.com logoWEX Inc. (NYSE:WEX) Expected to Announce Quarterly Sales of $309.33 Million
www.americanbankingnews.com - August 7 at 8:32 AM
americanbankingnews.com logo$1.27 Earnings Per Share Expected for WEX Inc. (WEX) This Quarter
www.americanbankingnews.com - August 5 at 8:34 PM
americanbankingnews.com logoWEX Inc. (NYSE:WEX) Receives "Hold" Rating from Barclays PLC
www.americanbankingnews.com - August 2 at 5:48 PM
americanbankingnews.com logoWEX Inc. (WEX) Lowered to Hold at BidaskClub
www.americanbankingnews.com - July 31 at 8:38 PM
americanbankingnews.com logoWEX Inc. (WEX) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - July 28 at 10:45 PM
News IconBRIEF-Wex Q2 adjusted non-GAAP earnings per share $1.26
www.businessinsider.com - July 28 at 9:54 AM
finance.yahoo.com logoEdited Transcript of WEX earnings conference call or presentation 27-Jul-17 2:00pm GMT
finance.yahoo.com - July 28 at 9:54 AM
americanbankingnews.com logoWEX Inc. (WEX) Releases Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - July 27 at 12:59 PM
americanbankingnews.com logoWEX Inc. (WEX) Issues Q3 Earnings Guidance
www.americanbankingnews.com - July 27 at 11:32 AM
americanbankingnews.com logoWEX Inc. (NYSE:WEX) Releases FY17 Earnings Guidance
www.americanbankingnews.com - July 27 at 11:32 AM
finance.yahoo.com logoWEX Inc. Reports Second Quarter 2017 Financial Results
finance.yahoo.com - July 27 at 9:27 AM
finance.yahoo.com logoWex tops Street 2Q forecasts
finance.yahoo.com - July 27 at 9:27 AM
americanbankingnews.com logoWEX Inc. (WEX) Upgraded to "Buy" by BidaskClub
www.americanbankingnews.com - July 24 at 6:34 PM
americanbankingnews.com logoWEX Inc. (NYSE:WEX) Price Target Raised to $119.00 at Barclays PLC
www.americanbankingnews.com - July 18 at 3:10 PM
bizjournals.com logoDaily Technical Summary Reports on Business Services Stocks -- Altisource Portfolio Solutions, Cintas, WEX Inc., and Advisory Board
www.bizjournals.com - July 18 at 9:55 AM
americanbankingnews.com logoWEX Inc. (NYSE:WEX) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - July 18 at 8:24 AM
americanbankingnews.com logo$295.23 Million in Sales Expected for WEX Inc. (NYSE:WEX) This Quarter
www.americanbankingnews.com - July 16 at 8:08 AM
americanbankingnews.com logo Brokerages Expect WEX Inc. (NYSE:WEX) Will Announce Earnings of $1.15 Per Share
www.americanbankingnews.com - July 14 at 5:04 PM

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Chart

WEX (WEX) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by MarketBeat.com Staff