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) announced its quarterly earnings results on Thursday, October, 31st. The business services provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.35 by $0.24. The business services provider had revenue of $459.96 million for the quarter, compared to analysts' expectations of $460 million. WEX had a net margin of 3.95% and a return on equity of 18.86%. The business's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.23 EPS. View WEX's Earnings History.

WEX is scheduled to release their next quarterly earnings announcement on Wednesday, March 18th 2020. View Earnings Estimates for WEX.

WEX updated its FY19 earnings guidance on Thursday, October, 31st. The company provided earnings per share guidance of $9.10-9.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.24. The company issued revenue guidance of $1.736-1.746 billion, compared to the consensus revenue estimate of $1.74 billion.

15 brokerages have issued 12-month price targets for WEX's stock. Their forecasts range from $200.00 to $260.00. On average, they anticipate WEX's share price to reach $238.21 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price. View Analyst Price Targets for WEX.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 4 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 trended somewhat negative recently, according to InfoTrie. 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 public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. WEX earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news 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 impact 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), Euronet Worldwide (EEFT) and Genpact (G).

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 number of of retail and institutional investors. Top institutional shareholders include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.85%), Copper Rock Capital Partners LLC (0.33%), Peregrine Capital Management LLC (0.33%), State of Michigan Retirement System (0.26%), Davis R M Inc. (0.21%) and New York State Teachers Retirement System (0.15%). 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 Braun Stacey Associates Inc., State of Michigan Retirement System, Copper Rock Capital Partners LLC, New York State Teachers Retirement System, Arizona State Retirement System, Peregrine Capital Management LLC, Smith Graham & Co. Investment Advisors LP and State of Alaska Department of Revenue. 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 bought by a variety of institutional investors in the last quarter, including Davis R M Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, We Are One Seven LLC, Summit Creek Advisors LLC, Bath Savings Trust Co, Tocqueville Asset Management L.P., Canandaigua National Bank & Trust Co. and Wendell David Associates 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 $230.00.

WEX has a market capitalization of $9.96 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]