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 and 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. 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 South Portland, Maine.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
SymbolNYSE:WEX
CUSIP96208T10
Phone207-773-8171
Debt
Debt-to-Equity Ratio1.19
Current Ratio1.44
Quick Ratio1.44
Price-To-Earnings
Trailing P/E Ratio42.27
Forward P/E Ratio26.04
P/E Growth1.71
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales6.77
Cash Flow$9.6250 per share
Price / Cash20.40
Book Value$40.10 per share
Price / Book4.90
Profitability
EPS (Most Recent Fiscal Year)$4.70
Net Income$160.26 million
Net Margins14.61%
Return on Equity15.61%
Return on Assets4.00%
Miscellaneous
Employees3,300
Outstanding Shares43,090,000
Market Cap$8.32 billion
WEX (NYSE:WEX) Frequently Asked Questions
What is WEX's stock symbol?
WEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEX."
How will WEX's stock buyback program work?
WEX declared that its board has authorized a stock buyback plan on Tuesday, September 26th 2017, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
How were WEX's earnings last quarter?
WEX Inc (NYSE:WEX) released its quarterly earnings results on Thursday, August, 2nd. The business services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The business services provider had revenue of $370.88 million for the quarter, compared to the consensus estimate of $366.21 million. WEX had a net margin of 14.61% and a return on equity of 15.61%. WEX's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. View WEX's Earnings History.
When is WEX's next earnings date?
What guidance has WEX issued on next quarter's earnings?
WEX updated its FY18 earnings guidance on Thursday, August, 2nd. The company provided earnings per share (EPS) guidance of $7.90-8.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.08. The company issued revenue guidance of $1.445-1.475, compared to the consensus revenue estimate of $1.47 billion.WEX also updated its Q3 guidance to $2.03-2.13 EPS.
What price target have analysts set for WEX?
11 Wall Street analysts have issued 12-month price targets for WEX's shares. Their forecasts range from $160.00 to $235.00. On average, they anticipate WEX's share price to reach $193.00 in the next year. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for WEX.
What is the consensus analysts' recommendation for WEX?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.
Who are some of WEX's key competitors?
Some companies that are related to WEX include Worldpay (WP), NetEase (NTES), Pinduoduo (PDD), First Data (FDC), Ctrip.Com International (CTRP), Global Payments (GPN), FleetCor Technologies (FLT), Total System Services (TSS), Msci (MSCI), Broadridge Financial Solutions (BR), CoStar Group (CSGP), Mercadolibre (MELI), Alliance Data Systems (ADS), Akamai Technologies (AKAM) and GrubHub (GRUB).
Who are WEX's key executives?
WEX's management team includes the folowing people:
- Mr. Michael E. Dubyak, Exec. Chairman (Age 67)
- Ms. Melissa D. Smith, CEO, Pres and Director (Age 49)
- Mr. Roberto R. Simon, Chief Financial Officer (Age 44)
- Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 56)
- Mr. Jeffrey Alan Young, Pres of Health (Age 52)
Has WEX been receiving favorable news coverage?
News stories about WEX stock have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. WEX earned a news impact score of 0.18 on Accern's scale. They also gave media coverage about the business services provider an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for WEX.
Who are WEX's major shareholders?
WEX's stock is owned by many different of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (9.21%), BlackRock Inc. (8.09%), Wells Fargo & Company MN (2.41%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.25%), Frontier Capital Management Co. LLC (2.02%) and Victory Capital Management Inc. (1.16%). Company insiders that own WEX stock include George W Hogan, Hilary A Rapkin, Jack Vanwoerkom, James Neary, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Regina O Sommer, Roberto Simon and Scott Robert Phillips. View Institutional Ownership Trends for WEX.
Which institutional investors are selling WEX stock?
WEX stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Renaissance Technologies LLC, Bank of America Corp DE, FMR LLC, Victory Capital Management Inc., Bain Capital Public Equity Management LLC, Northern Trust Corp and Janus Henderson Group PLC. Company insiders that have sold WEX company stock in the last year include Hilary A Rapkin, Jack Vanwoerkom, James Neary, Melissa D Smith, Nicola S Morris, Regina O Sommer, Roberto Simon and Scott Robert Phillips. View Insider Buying and Selling for WEX.
Which institutional investors are buying WEX stock?
WEX stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Massachusetts Financial Services Co. MA, Frontier Capital Management Co. LLC, BlackRock Inc., Virginia Retirement Systems ET AL, OppenheimerFunds Inc., Advisors Asset Management Inc. and Columbus Circle Investors. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is WEX's stock price today?
One share of WEX stock can currently be purchased for approximately $196.35.
How big of a company is WEX?
WEX has a market capitalization of $8.32 billion and generates $1.25 billion in revenue each year. The business services provider earns $160.26 million in net income (profit) each year or $4.70 on an earnings per share basis. WEX employs 3,300 workers across the globe.
How can I contact WEX?
WEX's mailing address is 97 DARLING AVENUE, SOUTH PORTLAND ME, 04106. 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)
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.
