About WEX (NYSE:WEX)
WEX Inc. is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets. The Travel and Corporate Solutions segment focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. The Health and Employee Benefit Solutions segment provides healthcare payment products and software as a service consumer directed platforms, as well as payroll related benefits to customers in Brazil. The United States operations include the Company and its subsidiaries WEX Bank, WEX FleetOne, Electronic Funds Source LLC and WEX Health.
Industry, Sector and Symbol
Industry BUSINESS SERVICES
Sub-IndustryData Processing & Outsourced Services
Trailing P/E Ratio42.9462365591398
Forward P/E Ratio22.99
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales5.50
Cash Flow$9.49 per share
Price / Cash16.83
Book Value$40.10 per share
Price / Book3.98
Net Income$160.26 million
Return on Equity13.01%
Return on Assets3.27%
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 of Directors has authorized a share buyback program on Tuesday, September 26th 2017, which allows the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.
How were WEX's earnings last quarter?
WEX Inc (NYSE:WEX) posted its earnings results on Wednesday, February, 21st. The business services provider reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.33 by $0.16. The business services provider had revenue of $331.30 million for the quarter, compared to analysts' expectations of $327.19 million. WEX had a return on equity of 13.01% and a net margin of 12.82%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. View WEX's Earnings History.
When will WEX make its next earnings announcement?
What guidance has WEX issued on next quarter's earnings?
WEX issued an update on its FY18 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $7.30-7.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.98. The company issued revenue guidance of $1.40-1.44 billion, compared to the consensus revenue estimate of $1.42 billion.WEX also updated its Q1 guidance to $1.66-1.74 EPS.
Where is WEX's stock going? Where will WEX's stock price be in 2018?
15 Wall Street analysts have issued 1 year price targets for WEX's shares. Their predictions range from $115.00 to $185.00. On average, they expect WEX's share price to reach $151.08 in the next twelve months. View Analyst Ratings for WEX.
Who are some of WEX's key competitors?
Some companies that are related to WEX include Randstad Hldgs (RANJY), Alliance Data Systems (ADS), Adecco Group (AHEXY), Broadridge Financial Solutions (BR), Wartsila Oyj Abp (WRTBY), Copart (CPRT), Nielsen (NLSN), Intertek Group (IKTSY), Gartner (IT), Nomura Research In (NRILY), TransUnion (TRU), The Western Union (WU), Interpublic Group of Companies (IPG), Smiths Group (SMGZY), DCC (DCCPF), FactSet Research Systems (FDS), Edenred (EDNMY) and ManpowerGroup (MAN).
Who are WEX's key executives?
WEX's management team includes the folowing people:
- Melissa D. Smith, President, Chief Executive Officer, Director
- Rowland T. Moriarty, Lead Independent Vice Chairman of the Board
- Roberto Simon, Chief Financial Officer
- Hilary A. Rapkin, Senior Vice President, General Counsel, Corporate Secretary
- Kenneth Janosick, Senior Vice President, General Manager - Global Fleet Direct
- Scott Phillips, Senior Vice President and General Manager, EFS
- James Pratt, Senior Vice President and General Manager, Virtual Products
- Jeffrey Young, Senior Vice President and General Manager, WEX Health
- George W. Hogan, Senior Vice President - International
- Nicola Morris, Senior Vice President - Corporate Development
Has WEX been receiving favorable news coverage?
Media headlines about WEX stock have trended positive this week, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEX earned a media sentiment score of 0.27 on Accern's scale. They also assigned news headlines about the business services provider an impact score of 46.00 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are WEX's major shareholders?
WEX's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.61%), Atlanta Capital Management Co. L L C (7.26%), TimesSquare Capital Management LLC (3.75%), Champlain Investment Partners LLC (2.81%), William Blair Investment Management LLC (2.73%) and Wells Fargo & Company MN (2.67%). Company insiders that own WEX stock include Eric Duprat, George W Hogan, Hilary A Rapkin, James Neary, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Scott Robert Phillips and Stephen R Crowley. View Institutional Ownership Trends for WEX.
Which major investors are selling WEX stock?
WEX stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Wells Fargo & Company MN, Millennium Management LLC, TimesSquare Capital Management LLC, Champlain Investment Partners LLC, Atlanta Capital Management Co. L L C, Keeley Teton Advisors LLC and Metropolitan Life Insurance Co. NY. Company insiders that have sold WEX company stock in the last year include George W Hogan, Hilary A Rapkin, James Neary, Melissa D Smith, Nicola S Morris and Scott Robert Phillips. View Insider Buying and Selling for WEX.
Which major investors are buying WEX stock?
WEX stock was acquired by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, William Blair Investment Management LLC, BlackRock Inc., Braun Stacey Associates Inc., Three Corner Global Investors LP, Daiwa Securities Group Inc., Bain Capital Public Equity Management LLC and Quantitative Investment Management LLC. 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 $159.76.
How big of a company is WEX?
WEX has a market capitalization of $6.86 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 $3.72 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 (WEX)MarketBeat's community ratings are surveys of what our community members think about WEX and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
WEX (NYSE:WEX) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.73||2.79||2.79||2.82|
|Ratings Breakdown: ||0 Sell Rating(s)|
4 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$151.08||$143.08||$127.09||$121.70|
|Price Target Upside: ||5.44% downside||2.67% downside||4.72% upside||12.36% upside|
WEX (NYSE:WEX) Consensus Price Target History
WEX (NYSE:WEX) Analyst Ratings History
(Data available from 3/21/2016 forward)
WEX (NYSE:WEX) Earnings History and Estimates Chart
WEX (NYSE WEX) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/21/2018||Q4 2017||$1.33||$1.49||$327.19 million||$331.30 million||View||N/A|
|11/1/2017||Q3 2017||$1.29||$1.43||$312.57 million||$324.00 million||View||N/A|
|7/27/2017||Q2 2017||$1.15||$1.26||$293.91 million||$303.90 million||View||N/A|
|4/27/2017||Q1 2017||$1.13||$1.13||$281.68 million||$291.36 million||View||N/A|
|2/13/2017||Q4 2016||$1.26||$1.28||$279.89 million||$290.80 million||View||Listen|
|10/27/2016||Q316||$1.13||$1.25||$279.28 million||$287.80 million||View||Listen|
|7/27/2016||Q216||$1.02||$1.08||$221.64 million||$233.90 million||View||Listen|
|4/27/2016||Q116||$0.88||$0.97||$199.38 million||$205.90 million||View||Listen|
|2/8/2016||Q415||$1.05||$1.15||$202.94 million||$212.60 million||View||Listen|
|10/28/2015||Q315||$1.42||$1.29||$226.36 million||$226.10 million||View||Listen|
|7/29/2015||Q215||$1.25||$1.25||$217.62 million||$213.70 million||View||Listen|
|4/29/2015||Q115||$0.99||$1.10||$198.93 million||$202.30 million||View||Listen|
|2/9/2015||Q414||$1.12||$0.96||$207.60 million||$211.90 million||View||Listen|
|10/29/2014||Q3||$1.34||$1.56||$221.07 million||$222.10 million||View||Listen|
|7/30/2014||Q214||$1.23||$1.39||$195.30 million||$201.60 million||View||Listen|
|4/30/2014||Q1||$1.04||$1.06||$174.05 million||$182.10 million||View||Listen|
|2/5/2014||Q4||$1.09||$1.13||$177.55 million||$182.30 million||View||Listen|
|10/30/2013||Q313||$1.20||$1.29||$190.30 million||$191.50 million||View||Listen|
|7/31/2013||Q2 2013||$1.04||$1.05||$176.74 million||$178.30 million||View||Listen|
|5/1/2013||Q1 2013||$0.95||$0.98||$165.38 million||$165.37 million||View||N/A|
|2/6/2013||Q4 2012||$1.06||$1.07||$164.41 million||$169.00 million||View||Listen|
|10/31/2012||Q312||$1.13||$1.08||$157.46 million||$161.00 million||View||N/A|
WEX (NYSE:WEX) Earnings Estimates
2018 EPS Consensus Estimate: $6.74
2019 EPS Consensus Estimate: $8.21
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for WEX (NYSE:WEX)
No dividend announcements for this company have been tracked by MarketBeat.com
WEX (NYSE WEX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.00%
WEX (NYSE WEX) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/1/2018||Nicola S Morris||Insider||Sell||2,700||$149.47||$403,569.00||6,387|| |
|11/30/2017||Scott Robert Phillips||Insider||Sell||20,000||$127.68||$2,553,600.00|| |
|11/15/2017||James Neary||Director||Sell||177,207||$120.00||$21,264,840.00|| |
|11/9/2017||Melissa D Smith||CEO||Sell||3,329||$125.00||$416,125.00||60,380|| |
|11/1/2017||Melissa D Smith||CEO||Sell||5||$125.00||$625.00||63,709|| |
|10/12/2017||Melissa D Smith||CEO||Sell||3,333||$120.00||$399,960.00|| |
|9/26/2017||Hilary A Rapkin||SVP||Sell||2,500||$115.00||$287,500.00||15,224|| |
|9/26/2017||Melissa D Smith||CEO||Sell||3,333||$115.00||$383,295.00||67,047|| |
|8/14/2017||James Neary||Director||Sell||2,390,000||$102.25||$244,377,500.00|| |
|7/12/2017||George W Hogan||SVP||Sell||4,500||$110.00||$495,000.00||15,615|| |
|6/26/2017||Hilary A Rapkin||SVP||Sell||2,000||$105.00||$210,000.00||15,424|| |
|5/2/2017||Scott Robert Phillips||SVP||Sell||22,135||$99.90||$2,211,286.50|| |
|2/15/2017||Michael E Dubyak||Director||Sell||5,500||$109.94||$604,670.00||44,416|| |
|12/30/2016||Michael E Dubyak||Director||Sell||5,500||$111.22||$611,710.00||49,916|| |
|11/15/2016||Michael E Dubyak||Director||Sell||5,500||$99.52||$547,360.00||55,416|| |
|11/2/2016||George W Hogan||SVP||Sell||1,950||$103.88||$202,566.00||12,824|| |
|8/5/2016||Melissa D Smith||CEO||Sell||5,910||$93.03||$549,807.30||55,820|| |
|8/2/2016||Stephen R. Crowley||SVP||Sell||1,808||$90.95||$164,437.60|| |
|7/29/2016||Eric Duprat||Director||Sell||1,100||$93.73||$103,103.00||1,593|| |
|2/29/2016||Michael E Dubyak||Director||Buy||3,800||$66.37||$252,206.00||85,167|| |
|11/2/2015||George W Hogan||SVP||Sell||2,791||$89.74||$250,464.34||13,844|| |
|11/2/2015||Jack Vanwoerkom||Director||Sell||5,500||$89.79||$493,845.00||17,188|| |
|5/19/2015||Regina O Sommer||Director||Sell||2,382||$118.25||$281,671.50|| |
|5/14/2015||Kenneth Janosick||SVP||Sell||1,290||$116.36||$150,104.40|| |
|2/13/2015||Kenneth Janosick||SVP||Sell||1,600||$104.07||$166,512.00|| |
|11/6/2014||George W Hogan||SVP||Sell||1,775||$113.46||$201,391.50|| |
|10/31/2014||Hilary A Rapkin||SVP||Sell||1,782||$112.61||$200,671.02|| |
|9/11/2014||Hilary A Rapkin||SVP||Sell||2,727||$110.54||$301,442.58|| |
|6/17/2014||Steven Alan Elder||CFO||Sell||1,081||$105.00||$113,505.00|| |
|5/5/2014||Kenneth Janosick||SVP||Sell||3,650||$92.25||$336,712.50||5,887|| |
|12/23/2013||David Maxsimic||Insider||Sell||1,835||$99.50||$182,582.50||15,300|| |
|12/9/2013||George Hogan||SVP||Sell||1,350||$99.40||$134,190.00||9,356|| |
|12/2/2013||Melissa Smith||Insider||Sell||1,850||$99.01||$183,168.50||33,648|| |
|11/13/2013||Rowland Moriarty||Director||Sell||6,966||$97.75||$680,926.50||36,753|| |
|11/1/2013||Michael E Dubyak||CEO||Sell||20,750||$92.16||$1,912,320.00|| |
|10/30/2013||Hilary A Rapkin||SVP||Sell||2,250||$90.00||$202,500.00|| |
|10/30/2013||Melissa D Smith||Insider||Sell||2,100||$88.95||$186,795.00|| |
|9/23/2013||David Maxsimic||Insider||Sell||1,835||$84.81||$155,626.35||17,135|| |
|3/20/2013||David A Gagne||CEO||Buy||5,000||$0.85||$4,250.00|| |
WEX (NYSE WEX) News Headlines
WEX (NYSE:WEX) SEC Filings
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WEX (NYSE:WEX) Income Statement, Balance Sheet and Cash Flow Statement
WEX (NYSE WEX) Stock Chart for Wednesday, March, 21, 2018