WEX Stock Price, News & Analysis (NYSE:WEX)

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

WEX announced that its board has initiated a stock repurchase plan on Tuesday, September 26th 2017, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

WEX Inc (NYSE:WEX) announced its earnings results on Thursday, August, 1st. The business services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.20. The business services provider had revenue of $441.81 million for the quarter, compared to analysts' expectations of $440.49 million. WEX had a return on equity of 17.88% and a net margin of 6.84%. The company's revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 EPS. View WEX's Earnings History.

WEX is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for WEX.

WEX updated its FY19 earnings guidance on Thursday, August, 1st. The company provided EPS guidance of $9.10-9.35 for the period, compared to the Thomson Reuters consensus estimate of $9.31. The company issued revenue guidance of $1.72-1.75 billion, compared to the consensus revenue estimate of $1.74 billion.

14 analysts have issued 12 month target prices for WEX's stock. Their forecasts range from $180.00 to $260.00. On average, they expect WEX's stock price to reach $223.75 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Price Targets for WEX.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

News articles about WEX stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. WEX earned a news impact score of -2.9 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for WEX.

WEX saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,333,700 shares, an increase of 13.4% from the July 31st total of 1,175,800 shares. Based on an average daily trading volume, of 292,800 shares, the short-interest ratio is currently 4.6 days. Currently, 3.1% of the shares of the stock are short sold. View WEX's Current Options Chain.

Some companies that are related to WEX include NetEase (NTES), eBay (EBAY), First Data (FDC), Mercadolibre (MELI), FleetCor Technologies (FLT), Global Payments (GPN), Total System Services (TSS), CoStar Group (CSGP), Msci (MSCI), Ctrip.Com International (CTRP), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), LYFT (LYFT), The Western Union (WU) and Fair Isaac (FICO).

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include NVIDIA (NVDA), Home Depot (HD), Paypal (PYPL), Adobe (ADBE), Mastercard (MA), UnitedHealth Group (UNH), Boeing (BA), ServiceNow (NOW), InterDigital Wireless (IDCC) and Lululemon Athletica (LULU).

WEX's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.24%), BlackRock Inc. (9.00%), BlackRock Inc. (8.99%), Janus Henderson Group PLC (8.37%), Atlanta Capital Management Co. L L C (5.14%) and Wells Fargo & Company MN (3.16%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, James Neary, 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 Janus Henderson Group PLC, JPMorgan Chase & Co., Keeley Teton Advisors LLC, Victory Capital Management Inc., Stephens Investment Management Group LLC, Echo Street Capital Management LLC, Red Cedar Management LP and Robeco Institutional Asset Management B.V.. 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, Roberto Simon, Rowland Moriarty and Scott Robert Phillips. View Insider Buying and Selling for WEX.

WEX stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Atlanta Capital Management Co. L L C, Point72 Asset Management L.P., TimesSquare Capital Management LLC, First Trust Advisors LP, BlackRock Inc. and BlackRock 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 $205.50.

WEX has a market capitalization of $8.89 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]