NYSE:WEX - WEX Stock Price, News & Analysis

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

WEX announced that its Board of Directors has initiated a stock repurchase plan 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 purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

WEX Inc (NYSE:WEX) released its quarterly earnings data on Thursday, August, 1st. The business services provider reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 17.88% and a net margin of 6.84%. The company's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $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 earnings per share 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 equities research analysts have issued 1-year target prices 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 twelve months. This suggests a possible upside of 7.4% 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 headlines about WEX stock have been trending negative this week, InfoTrie reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. WEX earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned news coverage about the business services provider a news buzz of 10.0 out of 10, meaning 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 days-to-cover ratio is presently 4.6 days. Currently, 3.1% of the shares of the company are sold short. 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), Ctrip.Com International (CTRP), Msci (MSCI), 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 many different of institutional and retail 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 bought 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 $208.35.

WEX has a market capitalization of $9.02 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]