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) posted its earnings results on Thursday, October, 31st. The business services provider reported $2.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.35 by $0.24. The business services provider earned $459.96 million during the quarter, compared to analyst estimates of $460 million. WEX had a net margin of 3.95% and a return on equity of 18.86%. The business's revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.23 EPS. View WEX's Earnings History.

WEX is scheduled to release their next quarterly earnings announcement on Wednesday, March 18th 2020. View Earnings Estimates for WEX.

WEX updated its FY19 earnings guidance on Thursday, October, 31st. The company provided EPS guidance of $9.10-9.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.24. The company issued revenue guidance of $1.736-1.746 billion, compared to the consensus revenue estimate of $1.74 billion.

15 brokerages have issued 12-month 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 $238.21 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price. View Analyst Price Targets for WEX.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

News stories about WEX stock have been trending very positive this week, InfoTrie reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. WEX earned a news sentiment score of 3.3 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the next few days. View News Stories for WEX.

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), Euronet Worldwide (EEFT) and Genpact (G).

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include Home Depot (HD), NVIDIA (NVDA), Paypal (PYPL), ServiceNow (NOW), Mastercard (MA), Adobe (ADBE), Zoetis (ZTS), Lululemon Athletica (LULU), Cisco Systems (CSCO) and S&P Global (SPGI).

WEX's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.85%), Copper Rock Capital Partners LLC (0.33%), Peregrine Capital Management LLC (0.33%), California Public Employees Retirement System (0.27%), State of Michigan Retirement System (0.26%) and Davis R M Inc. (0.21%). 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 Braun Stacey Associates Inc., State of Michigan Retirement System, Copper Rock Capital Partners LLC, New York State Teachers Retirement System, Arizona State Retirement System, Peregrine Capital Management LLC, Smith Graham & Co. Investment Advisors LP and California Public Employees Retirement System. 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 Davis R M Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, We Are One Seven LLC, SG Americas Securities LLC, Summit Creek Advisors LLC, Bath Savings Trust Co, Tocqueville Asset Management L.P. and Canandaigua National Bank & Trust Co.. 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 $227.97.

WEX has a market capitalization of $9.87 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]