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
Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
SymbolNYSE:WEX
CUSIP96208T10
Phone207-773-8171
Debt
Debt-to-Equity Ratio0.20%
Current Ratio0.71%
Quick Ratio0.71%
Price-To-Earnings
Trailing P/E Ratio34.39
Forward P/E Ratio23.13
P/E Growth1.63
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales5.56
Cash Flow$9.3873 per share
Price / Cash17.22
Book Value$40.10 per share
Price / Book4.03
Profitability
EPS (Most Recent Fiscal Year)$4.70
Net Income$160.26 million
Net Margins12.82%
Return on Equity13.01%
Return on Assets3.27%
Miscellaneous
Employees3,300
Outstanding Shares43,030,000
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 initiated a share buyback plan on Tuesday, September 26th 2017, which authorizes the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically 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 quarterly earnings results on Wednesday, February, 21st. The business services provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.33 by $0.16. The business services provider earned $331.30 million during the quarter, compared to the consensus estimate of $327.19 million. WEX had a net margin of 12.82% and a return on equity of 13.01%. The business's revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. View WEX's Earnings History.
When is WEX's next earnings date?
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 EPS 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.
What price target have analysts set for WEX?
15 analysts have issued 1-year target prices for WEX's stock. Their predictions range from $115.00 to $185.00. On average, they expect WEX's share price to reach $151.0769 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 CoStar Group (CSGP), MSCI (MSCI), Broadridge Financial Solutions (BR), Nielsen (NLSN), Akamai Technologies (AKAM), Alliance Data (ADS), Zillow (Z), Western Union (WU), Grubhub (GRUB), Zillow (ZG), CDK Global (CDK), athenahealth (ATHN), FICO (FICO), Maximus (MMS), Conduent (CNDT), Healthequity (HQY), Stamps.com (STMP) and Etsy (ETSY).
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, Pres, CEO & Director (Age 49)
- Mr. Roberto R. Simon, Chief Financial Officer (Age 44)
- Mr. Steven Alan Elder, Sr. VP of Global Investor Relations (Age 49)
- Mr. Kenneth W. Janosick, Chief Risk & Operations Officer (Age 56)
Has WEX been receiving favorable news coverage?
Media coverage about WEX stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. WEX earned a news sentiment score of 0.13 on Accern's scale. They also assigned media coverage about the business services provider an impact score of 46.88 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
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 $161.65.
How big of a company is WEX?
WEX has a market capitalization of $7.02 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 (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.
WEX (NYSE:WEX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for WEX in the last 12 months. Their average twelve-month price target is $151.0769, suggesting that the stock has a possible downside of 6.54%. The high price target for WEX is $185.00 and the low price target for WEX is $115.00. There are currently 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.73 | 2.73 | 2.79 | 2.85 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 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)
2 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $151.0769 | $151.0769 | $135.8333 | $124.3636 |
| Price Target Upside: | 6.54% downside | 4.61% downside | 5.09% downside | 2.64% upside |
WEX (NYSE:WEX) Consensus Price Target History
WEX (NYSE:WEX) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
WEX (NYSE:WEX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
WEX (NYSE WEX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.00%
WEX (NYSE WEX) Insider Trading History
| 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 | | |
(Data available from 1/1/2013 forward)
WEX (NYSE WEX) News Headlines
| Source: |
|
WEX (NYSE:WEX) SEC Filings
This page is loading this company's SEC Filings. Please wait...
WEX (NYSE:WEX) Income Statement, Balance Sheet and Cash Flow Statement
WEX (NYSE WEX) Stock Chart for Saturday, April, 21, 2018
Loading chart…
