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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
Current SymbolNYSE:WEX
Previous SymbolNYSE:WXS
CUSIP96208T10
Phone207-773-8171
Debt
Debt-to-Equity Ratio1.16
Current Ratio1.50
Quick Ratio1.50
Price-To-Earnings
Trailing P/E Ratio33.56
Forward P/E Ratio20.78
P/E Growth1.45
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales5.43
Cash Flow$9.0545 per share
Price / Cash17.42
Book Value$42.91 per share
Price / Book3.68
Profitability
EPS (Most Recent Fiscal Year)$4.70
Net Income$160.26 million
Net Margins15.63%
Return on Equity16.92%
Return on Assets4.37%
Miscellaneous
Employees3,300
Outstanding Shares43,090,000
Market Cap$7.11 billion
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 stock buyback plan on Tuesday, September 26th 2017, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is 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 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.12 by $0.07. The business services provider had revenue of $382.70 million for the quarter, compared to analysts' expectations of $375.15 million. WEX had a return on equity of 16.92% and a net margin of 15.63%. The firm's revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. View WEX's Earnings History.
When is WEX's next earnings date?
What guidance has WEX issued on next quarter's earnings?
WEX issued an update on its fourth quarter earnings guidance on Wednesday, October, 31st. The company provided earnings per share guidance of $2.05-$2.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11. The company issued revenue guidance of $370-$380 million, compared to the consensus revenue estimate of $372.51 million.WEX also updated its FY 2018 guidance to $8.13-8.23 EPS.
What price target have analysts set for WEX?
9 analysts have issued twelve-month target prices for WEX's shares. Their forecasts range from $170.00 to $235.00. On average, they anticipate WEX's stock price to reach $197.4444 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price. View Analyst Price Targets for WEX.
What is the consensus analysts' recommendation for WEX?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.
Has WEX been receiving favorable news coverage?
Media headlines about WEX stock have trended somewhat negative on Wednesday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring 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 closest to five being the most favorable. WEX earned a daily sentiment score of -1.1 on InfoTrie's scale. They also assigned news coverage about the business services provider a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the immediate future.
Who are some of WEX's key competitors?
Some companies that are related to WEX include NetEase (NTES), eBay (EBAY), Worldpay (WP), Pinduoduo (PDD), Global Payments (GPN), FleetCor Technologies (FLT), First Data (FDC), Total System Services (TSS), Mercadolibre (MELI), Ctrip.Com International (CTRP), Msci (MSCI), CoStar Group (CSGP), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM) and Alliance Data Systems (ADS).
Who are WEX's key executives?
WEX's management team includes the folowing people:
- Mr. Michael E. Dubyak, Exec. Chairman (Age 67)
- Ms. Melissa D. Smith, CEO, Pres and Director (Age 49)
- Mr. Roberto R. Simon, Chief Financial Officer (Age 44)
- Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 56)
- Mr. Jeffrey Alan Young, Pres of Health (Age 52)
Who are WEX's major shareholders?
WEX's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (8.93%), BlackRock Inc. (8.63%), Atlanta Capital Management Co. L L C (5.29%), JPMorgan Chase & Co. (3.33%), William Blair Investment Management LLC (2.45%) and Wells Fargo & Company MN (2.36%). Company insiders that own WEX stock include George W Hogan, Hilary A Rapkin, Jack Vanwoerkom, James Neary, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Regina O Sommer, Roberto Simon and Scott Robert Phillips. View Institutional Ownership Trends for WEX.
Which institutional investors are selling WEX stock?
WEX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Atlanta Capital Management Co. L L C, Janus Henderson Group PLC, PNC Financial Services Group Inc., Franklin Resources Inc., BTIM Corp., Crescent Park Management L.P. and United Services Automobile Association. Company insiders that have sold WEX company stock in the last year include Hilary A Rapkin, Jack Vanwoerkom, James Neary, Melissa D Smith, Nicola S Morris, Regina O Sommer, Roberto Simon and Scott Robert Phillips. View Insider Buying and Selling for WEX.
Which institutional investors are buying WEX stock?
WEX stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Victory Capital Management Inc., Canada Pension Plan Investment Board, Massachusetts Financial Services Co. MA, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., Renaissance Technologies LLC and Bridgeway Capital Management Inc.. 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 $157.73.
How big of a company is WEX?
WEX has a market capitalization of $7.11 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?
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)
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.
