NYSE:WEX - WEX Stock Price, News, & Analysis

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$198.13 +2.60 (+1.33 %)
(As of 05/24/2019 11:02 AM ET)
Previous Close$195.53
Today's Range$197.93 - $199.58
52-Week Range$131.35 - $212.13
Volume2,057 shs
Average Volume351,334 shs
Market Capitalization$8.57 billion
P/E Ratio25.59
Dividend YieldN/A
Beta1.53
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 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, as well as offers ClearView analytics platform, a Web-based data analytics platform that offers insights to fleet managers and SmartHub mobile application for business managers to access their account information. 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 Portland, Maine.

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Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
CUSIP96208T10
Phone207-773-8171

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.49 billion
Cash Flow$11.9644 per share
Book Value$42.01 per share

Profitability

Net Income$168.29 million

Miscellaneous

Employees3,700
Market Cap$8.57 billion
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

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 stock buyback plan on Tuesday, September 26th 2017, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

How were WEX's earnings last quarter?

WEX Inc (NYSE:WEX) announced its earnings results on Thursday, May, 2nd. The business services provider reported $1.72 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.53 by $0.19. The business services provider had revenue of $381.90 million for the quarter, compared to analysts' expectations of $379.57 million. WEX had a net margin of 8.84% and a return on equity of 17.88%. WEX's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. View WEX's Earnings History.

When is WEX's next earnings date?

WEX is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for WEX.

What guidance has WEX issued on next quarter's earnings?

WEX updated its FY19 earnings guidance on Thursday, May, 2nd. The company provided EPS guidance of $9.10-9.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.10. The company issued revenue guidance of $1.705-1.745 billion, compared to the consensus revenue estimate of $1.71 billion.WEX also updated its FY 2019 guidance to $9.10-9.50 EPS.

What price target have analysts set for WEX?

13 analysts have issued twelve-month target prices for WEX's shares. Their forecasts range from $167.00 to $238.00. On average, they anticipate WEX's share price to reach $203.00 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets for WEX.

What is the consensus analysts' recommendation for WEX?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

Has WEX been receiving favorable news coverage?

News headlines about WEX stock have trended somewhat positive this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. WEX earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave news stories 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 few days.

Who are some of WEX's key competitors?

What other stocks do shareholders of WEX own?

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

Who are WEX's key executives?

WEX's management team includes the folowing people:
  • Mr. Michael E. Dubyak, Chairman (Age 68)
  • Ms. Melissa D. Smith, CEO, Pres & Director (Age 50)
  • Mr. Roberto R. Simon, Chief Financial Officer (Age 45)
  • Ms. Melanie J. Tinto, Chief HR Officer (Age 47)
  • Mr. Jeffrey Alan Young, Pres of Health (Age 53)

Who are WEX's major shareholders?

WEX's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (9.45%), BlackRock Inc. (8.87%), Janus Henderson Group PLC (8.81%), Neuberger Berman Group LLC (4.14%), Wells Fargo & Company MN (3.14%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.79%). Company insiders that own WEX stock include David G Cooper, George W Hogan, 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.

Which institutional investors are selling WEX stock?

WEX stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Renaissance Technologies LLC, Victory Capital Management Inc., Assenagon Asset Management S.A., Morgan Stanley, Federated Investors Inc. PA, Virginia Retirement Systems ET AL and BNP Paribas Arbitrage SA. Company insiders that have sold WEX company stock in the last year 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 Insider Buying and Selling for WEX.

Which institutional investors are buying WEX stock?

WEX stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Wells Fargo & Company MN, FMR LLC, Eagle Asset Management Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Peregrine Capital Management LLC, Carillon Tower Advisers Inc. and TimesSquare Capital Management LLC. View Insider Buying and Selling for WEX.

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 $198.05.

How big of a company is WEX?

WEX has a market capitalization of $8.57 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.

What is WEX's official website?

The official website for WEX is http://www.wexinc.com/.

How can I contact WEX?

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]


MarketBeat Community Rating for WEX (NYSE WEX)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  371 (Vote Outperform)
Underperform Votes:  399 (Vote Underperform)
Total Votes:  770
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.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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