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

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$202.34 +1.26 (+0.63 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$202.34
Today's Range$198.75 - $203.00
52-Week Range$131.35 - $204.52
Volume208,545 shs
Average Volume373,443 shs
Market Capitalization$8.73 billion
P/E Ratio26.48
Dividend YieldN/A
Beta1.52
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 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, as well as offers ClearView analytics platform, a Web-based data analytics platform that offers insights to fleet managers and SmartHub mobile application for business managers to access their account information. 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 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$1.49 billion
Cash Flow$12.3003 per share
Book Value$41.67 per share

Profitability

Net Income$168.29 million

Miscellaneous

Employees3,700
Market Cap$8.73 billion
Next Earnings Date5/2/2019 (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 stock repurchase program on Tuesday, September 26th 2017, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

How were WEX's earnings last quarter?

WEX Inc (NYSE:WEX) released its quarterly earnings data on Wednesday, March, 20th. The business services provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.93 by $0.01. The business services provider had revenue of $381.20 million for the quarter, compared to analyst estimates of $372.57 million. WEX had a return on equity of 18.30% and a net margin of 11.18%. The business's revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. View WEX's Earnings History.

When is WEX's next earnings date?

WEX is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for WEX.

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

WEX issued an update on its FY19 earnings guidance on Wednesday, March, 20th. The company provided EPS guidance of $8.80-9.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.00. The company issued revenue guidance of $1, compared to the consensus revenue estimate of $1.74 billion.WEX also updated its FY 2019 guidance to $2.22-2.22 EPS.

What price target have analysts set for WEX?

13 Wall Street analysts have issued 12-month target prices for WEX's stock. Their predictions range from $167.00 to $235.00. On average, they anticipate WEX's stock price to reach $200.5455 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets for WEX.

What is the consensus analysts' recommendation for WEX?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 4 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?

News coverage about WEX stock has trended positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. 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 2.7 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several 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), NVIDIA (NVDA), Paypal (PYPL), Mastercard (MA), UnitedHealth Group (UNH), Adobe (ADBE), Boeing (BA), Lululemon Athletica (LULU), ServiceNow (NOW) and Viper Energy Partners (VNOM).

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 a number of of retail and institutional investors. Top institutional shareholders include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.79%), Peregrine Capital Management LLC (0.33%), Copper Rock Capital Partners LLC (0.27%), Retirement Systems of Alabama (0.13%), Wendell David Associates Inc. (0.05%) and Bath Savings Trust Co (0.04%). 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 Oakbrook Investments LLC, State of Alaska Department of Revenue, Raymond James Trust N.A. and First Bank & Trust. 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 Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Peregrine Capital Management LLC, Copper Rock Capital Partners LLC, Bath Savings Trust Co, Sciencast Management LP, Wendell David Associates Inc., Retirement Systems of Alabama and Louisiana State Employees Retirement System. 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 $202.34.

How big of a company is WEX?

WEX has a market capitalization of $8.73 billion and generates $1.49 billion in revenue each year. The business services provider earns $168.29 million in net income (profit) each year or $7.64 on an earnings per share basis. WEX employs 3,700 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 1 Hancock Street, SOUTH PORTLAND ME, 04101. 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:  363 (Vote Outperform)
Underperform Votes:  395 (Vote Underperform)
Total Votes:  758
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 4/20/2019 by MarketBeat.com Staff

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