NYSE:WEXWEX Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding WEX Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $93.83 -1.49 (-1.56 %) (As of 04/3/2020 04:00 PM ET) Add Compare Share Today's Range$89.44Now: $93.83▼$102.6850-Day Range$83.23MA: $160.48▼$235.1352-Week Range$71.12Now: $93.83▼$236.51Volume859,062 shsAverage Volume1.06 million shsMarket Capitalization$4.07 billionP/E Ratio41.52Dividend YieldN/ABeta1.86 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.3 Analyst's Opinion Consensus RatingWEX has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $223.13, WEX has a potential upside of 137.8% from its current price of $93.83.Amount of Analyst CoverageWEX has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.4 Community Rank Outperform VotesWEX has received 447 “outperform” votes. (Add your “outperform” vote.)Underperform VotesWEX has received 473 “underperform” votes. (Add your “underperform” vote.)Community SentimentWEX has received 51.41% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldWEX does not currently pay a dividend.Dividend GrowthWEX does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, WEX insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,036,587.00 in company stock.Percentage Held by InsidersOnly 1.12% of the stock of WEX is held by insiders.Percentage Held by Institutions99.30% of the stock of WEX is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for WEX are expected to grow by 19.10% in the coming year, from $8.43 to $10.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of WEX is 41.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.15.Price to Earnings Ratio vs. SectorThe P/E ratio of WEX is 41.52, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 16.64.Price to Earnings Growth RatioWEX has a PEG Ratio of 1.01. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioWEX has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.78 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Business services, not elsewhere classified Sub-IndustryData Processing & Outsourced Services SectorBusiness Services Current SymbolNYSE:WEX Previous SymbolNYSE:WXS CUSIP96208T10 CIK1309108 Webhttp://www.wexinc.com/ Phone207-773-8171Debt Debt-to-Equity Ratio1.39 Current Ratio1.26 Quick Ratio1.26Price-To-Earnings Trailing P/E Ratio41.52 Forward P/E Ratio11.13 P/E Growth1.01 Sales & Book Value Annual Sales$1.72 billion Price / Sales2.36 Cash Flow$13.70 per share Price / Cash Flow6.85 Book Value$44.73 per share Price / Book2.10Profitability EPS (Most Recent Fiscal Year)$8.34 Net Income$99.01 million Net Margins5.74% Return on Equity19.61% Return on Assets4.38%Miscellaneous Employees5,000 Outstanding Shares43,340,000Market Cap$4.07 billion Next Earnings Date5/7/2020 (Estimated) OptionableOptionable Receive WEX News and Ratings via Email Sign-up to receive the latest news and ratings for WEX and its competitors with MarketBeat's FREE daily newsletter. WEX Rates by TradingView 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 reached pandemic status according to the World Health Organization. Since then, WEX shares have decreased by 30.9% and is now trading at $93.83. 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) released its quarterly earnings data on Thursday, February, 13th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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% on a year-over-year basis. During the same period last year, the company posted $2.02 EPS. View WEX's earnings history. What guidance has WEX issued on next quarter's earnings? WEX updated 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 EPS 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 equities research analysts have issued twelve-month target prices for WEX's shares. Their forecasts range from $167.00 to $260.00. On average, they anticipate WEX's share price to reach $223.13 in the next year. This suggests a possible upside of 137.8% from the stock's current price. View analysts' price targets for WEX. Has WEX been receiving favorable news coverage? News coverage about WEX stock has been trending very negative on Saturday, InfoTrie Sentiment 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 -5 to 5, with scores nearest to five being the most favorable. WEX earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. 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 presently 4.5 days. Approximately 4.4% of the company's shares are sold short. View WEX's Current Options Chain. Who are some of WEX's key competitors? 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), Total System Services (TSS), Paychex (PAYX), FleetCor Technologies (FLT), Jack Henry & Associates (JKHY), Broadridge Financial Solutions (BR), The Western Union (WU), Genpact (G), Euronet Worldwide (EEFT) and MAXIMUS (MMS). 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), Zoetis (ZTS), Paypal (PYPL), 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 a number of institutional and retail investors. Top institutional shareholders include Bath Savings Trust Co (0.06%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, Melanie J Tinto, 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 buying WEX stock? WEX stock was bought by a variety of institutional investors in the last quarter, including Bath Savings Trust Co. 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 $93.83. How big of a company is WEX? WEX has a market capitalization of $4.07 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] This page was last updated on 4/4/2020 by MarketBeat.com StaffFeatured Article: Earnings Reports
