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) issued its quarterly earnings results on Thursday, February, 13th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.56 by $0.05. The business services provider had revenue of $440.05 million for the quarter, compared to the consensus estimate of $455.69 million. WEX had a net margin of 5.74% and a return on equity of 19.61%. The company's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.02 EPS. View WEX's Earnings History.

WEX is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for WEX.

WEX issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $10.15 to $10.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.55. The company issued revenue guidance of $1.86 billion to $1.90 billion, compared to the consensus revenue estimate of $1.93 billion.

16 brokers have issued 1-year price objectives for WEX's stock. Their forecasts range from $200.00 to $260.00. On average, they anticipate WEX's share price to reach $239.67 in the next year. This suggests a possible upside of 3.5% from the stock's current price. View Analyst Price Targets for WEX.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

Press coverage about WEX stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. WEX earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely 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), Genpact (G) and Euronet Worldwide (EEFT).

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 a variety of of retail and institutional investors. Top institutional shareholders include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.85%), State Street Corp (2.34%), William Blair Investment Management LLC (2.01%), Echo Street Capital Management LLC (1.18%), Bank of New York Mellon Corp (1.14%) and Blair William & Co. IL (0.99%). 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 Victory Capital Management Inc., Victory Capital Management Inc., Jupiter Asset Management Ltd., Braun Stacey Associates Inc., FMR LLC, First Trust Advisors LP, Bank of New York Mellon Corp and PNC Financial Services Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Bain Capital Public Equity Management II LLC, Echo Street Capital Management LLC, UBS Group AG, Bank of America Corp DE, TD Asset Management Inc., Blair William & Co. IL, Barclays PLC and Davis R M Inc.. 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 $231.66.

WEX has a market capitalization of $10.03 billion and generates $1.72 billion in revenue each year. The business services provider earns $99.01 million in net income (profit) each year or $8.34 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]