WEX - WEX Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "buy" WEX shares.
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11 Wall Street research analysts have issued twelve-month target prices for WEX's stock. Their WEX share price forecasts range from $157.00 to $230.00. On average, they anticipate the company's stock price to reach $194.08 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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WEX's stock was trading at $163.65 at the beginning of 2023. Since then, WEX shares have increased by 10.2% and is now trading at $180.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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WEX will be holding an earnings conference call on Thursday, February 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "2237921".

WEX Inc. (NYSE:WEX) announced its quarterly earnings data on Thursday, October, 28th. The business services provider reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.17. The business services provider earned $482.80 million during the quarter, compared to analysts' expectations of $478.34 million. WEX had a net margin of 4.53% and a trailing twelve-month return on equity of 27.73%. The business's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 EPS.

WEX issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $3.15-$3.25 for the period, compared to the consensus estimate of $3.18. The company issued revenue guidance of $570.00 million-$580.00 million, compared to the consensus revenue estimate of $562.81 million.

116 employees have rated WEX Chief Executive Officer Melissa Smith on Glassdoor.com. Melissa Smith has an approval rating of 95% among the company's employees. This puts Melissa Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include NVIDIA (NVDA), ServiceNow (NOW), PayPal (PYPL), Mastercard (MA), Shopify (SHOP), CrowdStrike (CRWD), Block (SQ), Home Depot (HD), Okta (OKTA) and Zoom Video Communications (ZM).

WEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEX."

WEX's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Stephens Investment Management Group LLC (0.82%), New York State Common Retirement Fund (0.13%), New York State Teachers Retirement System (0.13%), Peregrine Capital Management LLC (0.13%), Allspring Global Investments Holdings LLC (0.08%) and Comerica Bank (0.07%). Insiders that own company stock include David G Cooper, Hilary A Rapkin, James R Groch, Jennifer Kimball, Joel Alan Dearborn Jr, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, Robert Joseph Deshaies, Roberto Simon and Scott Robert Phillips.
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Shares of WEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WEX stock can currently be purchased for approximately $180.30.

WEX (NYSE:WEX) has a market capitalization of $7.86 billion and generates $2.23 billion in revenue each year. The business services provider earns $140,000.00 in net income (profit) each year or $2.21 on an earnings per share basis.

The company employs 5,600 workers across the globe.

WEX's mailing address is 1 Hancock Street, SOUTH PORTLAND ME, 04101. The official website for the company is www.wexinc.com. The business services provider can be reached via phone at 207-773-8171, via email at steve.elder@wexinc.com, or via fax at 207-828-5181.