NYSE:WEX - WEX Stock Price, News & Analysis

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

WEX declared that its Board of Directors has initiated a stock repurchase 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. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

WEX Inc (NYSE:WEX) announced its quarterly earnings results on Thursday, August, 1st. The business services provider reported $2.28 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.08 by $0.20. The business services provider earned $441.81 million during the quarter, compared to analysts' expectations of $440.49 million. WEX had a net margin of 6.84% and a return on equity of 17.88%. The company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. View WEX's Earnings History.

WEX is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for WEX.

WEX issued an update on its FY19 earnings guidance on Thursday, August, 1st. The company provided earnings per share (EPS) guidance of $9.10-9.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.31. The company issued revenue guidance of $1.72-1.75 billion, compared to the consensus revenue estimate of $1.74 billion.

14 analysts have issued 12 month price objectives for WEX's shares. Their forecasts range from $180.00 to $260.00. On average, they expect WEX's share price to reach $223.75 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Price Targets for WEX.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

News stories about WEX stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -2.9 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for WEX.

WEX saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,333,700 shares, an increase of 13.4% from the July 31st total of 1,175,800 shares. Based on an average daily volume of 292,800 shares, the short-interest ratio is presently 4.6 days. Approximately 3.1% of the company's stock are short sold. View WEX's Current Options Chain.

Some companies that are related to WEX include NetEase (NTES), eBay (EBAY), First Data (FDC), Mercadolibre (MELI), Global Payments (GPN), FleetCor Technologies (FLT), Total System Services (TSS), CoStar Group (CSGP), Msci (MSCI), Ctrip.Com International (CTRP), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), LYFT (LYFT), The Western Union (WU) and Fair Isaac (FICO).

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include NVIDIA (NVDA), Home Depot (HD), Paypal (PYPL), Adobe (ADBE), Mastercard (MA), UnitedHealth Group (UNH), Boeing (BA), ServiceNow (NOW), InterDigital Wireless (IDCC) and Lululemon Athletica (LULU).

WEX's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.24%), BlackRock Inc. (9.00%), BlackRock Inc. (8.99%), Janus Henderson Group PLC (8.37%), Atlanta Capital Management Co. L L C (5.14%) and Wells Fargo & Company MN (3.16%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, James Neary, 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.

WEX stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, JPMorgan Chase & Co., Keeley Teton Advisors LLC, Victory Capital Management Inc., Stephens Investment Management Group LLC, Echo Street Capital Management LLC, Red Cedar Management LP and Robeco Institutional Asset Management B.V.. Company insiders that have sold WEX company stock in the last year include David G Cooper, Hilary A Rapkin, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Roberto Simon, Rowland Moriarty and Scott Robert Phillips. View Insider Buying and Selling for WEX.

WEX stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Atlanta Capital Management Co. L L C, Point72 Asset Management L.P., TimesSquare Capital Management LLC, First Trust Advisors LP, BlackRock Inc. and BlackRock Inc.. View Insider Buying and Selling for 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.

One share of WEX stock can currently be purchased for approximately $206.5250.

WEX has a market capitalization of $8.94 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.View Additional Information About WEX.

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

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]