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NYSE:WEX - WEX Stock Price, Forecast & News

$108.78
-7.60 (-6.53 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$107.55
Now: $108.78
$114.99
50-Day Range
$83.23
MA: $173.82
$235.13
52-Week Range
$71.12
Now: $108.78
$236.51
Volume651,540 shs
Average Volume1.10 million shs
Market Capitalization$4.71 billion
P/E Ratio48.13
Dividend YieldN/A
Beta1.48
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$1.72 billion
Cash Flow$13.00 per share
Book Value$44.73 per share

Profitability

Net Income$99.01 million

Miscellaneous

Employees5,000
Market Cap$4.71 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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WEX (NYSE:WEX) Frequently Asked Questions

How has WEX's stock been impacted by COVID-19 (Coronavirus)?

WEX's stock was trading at $135.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WEX stock has decreased by 19.9% and is now trading at $108.78. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of WEX?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for WEX.

When is WEX's next earnings date?

WEX is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for WEX.

How were WEX's earnings last quarter?

WEX Inc (NYSE:WEX) issued its earnings results on Thursday, February, 13th. The business services provider reported $2.61 EPS for the quarter, beating the Zacks' consensus estimate of $2.56 by $0.05. The business services provider had revenue of $440.05 million for the quarter, compared to analyst estimates of $455.69 million. WEX had a net margin of 5.74% and a return on equity of 19.61%. The business's revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 EPS. View WEX's earnings history.

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

WEX issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $10.15 to $10.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.55. The company issued revenue guidance of $1.86 billion to $1.90 billion, compared to the consensus revenue estimate of $1.93 billion.

What price target have analysts set for WEX?

16 brokers have issued 12 month price targets for WEX's shares. Their forecasts range from $167.00 to $260.00. On average, they expect WEX's share price to reach $223.13 in the next twelve months. This suggests a possible upside of 105.1% from the stock's current price. View analysts' price targets for WEX.

Has WEX been receiving favorable news coverage?

Media stories about WEX stock have trended somewhat positive recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. WEX earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View the latest news aboutWEX.

Are investors shorting WEX?

WEX saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,877,300 shares, an increase of 26.8% from the February 27th total of 1,480,000 shares. Based on an average trading volume of 418,100 shares, the short-interest ratio is currently 4.5 days. Currently, 4.4% of the shares of the stock are short sold. View WEX's Current Options Chain.

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), Adobe (ADBE), Paypal (PYPL), Zoetis (ZTS), Mastercard (MA), ServiceNow (NOW), Cisco Systems (CSCO), Lululemon Athletica (LULU) and Boeing (BA).

Who are WEX's key executives?

WEX's management team includes the following people:
  • Mr. Michael E. Dubyak, Chairman (Age 68)
  • Ms. Melissa D. Smith, CEO, Pres & Director (Age 50)
  • Mr. Roberto R. Simon, Chief Financial Officer (Age 45)
  • Ms. Melanie J. Tinto, Chief HR Officer (Age 47)
  • Mr. Jeffrey Alan Young, Pres of Health (Age 53)

What is WEX's stock symbol?

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

Who are WEX's major shareholders?

WEX's stock is owned by many different institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (8.25%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.85%), State Street Corp (2.34%), William Blair Investment Management LLC (2.01%), Echo Street Capital Management LLC (1.18%) and Bank of New York Mellon Corp (1.14%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Regina O Sommer, Roberto Simon, Rowland Moriarty 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 Victory Capital Management Inc., Victory Capital Management Inc., Jupiter Asset Management Ltd., Braun Stacey Associates Inc., FMR LLC, First Trust Advisors LP, Bank of New York Mellon Corp, and PNC Financial Services Group Inc.. Company insiders that have sold WEX company stock in the last year include Hilary A Rapkin, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Regina O Sommer, Roberto Simon, Rowland Moriarty, and Scott Robert Phillips. View insider buying and selling activity for WEX.

Which major investors are buying WEX stock?

WEX stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Nuveen Asset Management LLC, Bain Capital Public Equity Management II LLC, Echo Street Capital Management LLC, UBS Group AG, Bank of America Corp DE, TD Asset Management Inc., and Blair William & Co. IL. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is WEX's stock price today?

One share of WEX stock can currently be purchased for approximately $108.78.

How big of a company is WEX?

WEX has a market capitalization of $4.71 billion and generates $1.72 billion in revenue each year. The business services provider earns $99.01 million in net income (profit) each year or $8.34 on an earnings per share basis. WEX employs 5,000 workers across the globe. View additional information about WEX.

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:  447 (Vote Outperform)
Underperform Votes:  473 (Vote Underperform)
Total Votes:  920
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 3/28/2020 by MarketBeat.com Staff

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