NYSE:WEX - WEX Stock Price, Forecast & News

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

WEX Inc (NYSE:WEX) announced its quarterly earnings data on Thursday, February, 13th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.05. The business services provider had revenue of $440.05 million for the quarter, compared to the consensus estimate of $455.69 million. WEX had a net margin of 5.74% and a return on equity of 19.61%. The business's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.02 earnings per share. View WEX's Earnings History.

WEX is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for WEX.

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 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.

16 Wall Street analysts have issued 1-year price targets for WEX's shares. Their forecasts range from $200.00 to $260.00. On average, they expect WEX's share price to reach $239.67 in the next year. This suggests a possible upside of 21.5% from the stock's current price. View Analyst Price Targets for WEX.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

Press coverage about WEX stock has been trending negative on Thursday, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. WEX earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for WEX.

WEX saw a increase in short interest in February. As of February 14th, there was short interest totalling 1,360,000 shares, an increase of 22.5% from the January 30th total of 1,110,000 shares. Based on an average daily trading volume, of 284,800 shares, the days-to-cover ratio is presently 4.8 days. Currently, 3.2% of the shares of the stock are short sold. View WEX's Current Options Chain.

Some companies that are related to WEX include Visa (V), Mastercard (MA), Fidelity National Information Servcs (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), Worldpay (WP), Paychex (PAYX), FleetCor Technologies (FLT), Total System Services (TSS), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), Genpact (G) and Euronet Worldwide (EEFT).

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), Mastercard (MA), ServiceNow (NOW), Zoetis (ZTS), Lululemon Athletica (LULU), Cisco Systems (CSCO) and UnitedHealth Group (UNH).

WEX's stock is owned by a number of of retail and institutional investors. Top institutional investors 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.

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 David G Cooper, 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 for WEX.

WEX stock was purchased by a variety of institutional investors in the last quarter, including Bain Capital Public Equity Management II LLC, Echo Street Capital Management LLC, UBS Group AG, Bank of America Corp DE, TD Asset Management Inc., Blair William & Co. IL, Barclays PLC and Davis R M 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 $197.25.

WEX has a market capitalization of $8.54 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 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]