NYSE:WEX - WEX Stock Price, Price Target & More

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$194.04 -2.00 (-1.02 %)
(As of 07/16/2018 04:00 PM ET)
Previous Close$196.38
Today's Range$193.09 - $196.38
52-Week Range$101.14 - $196.65
Volume11,712 shs
Average Volume345,868 shs
Market Capitalization$8.45 billion
P/E Ratio36.10
Dividend YieldN/A
Beta1.86
WEX logoWEX 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 and 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. 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 South Portland, Maine.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
SymbolNYSE:WEX
CUSIP96208T10
Phone207-773-8171

Debt

Debt-to-Equity Ratio1.20
Current Ratio1.45
Quick Ratio1.45

Price-To-Earnings

Trailing P/E Ratio36.10
Forward P/E Ratio26.15
P/E Growth1.84

Sales & Book Value

Annual Sales$1.25 billion
Price / Sales6.68
Cash Flow$9.3694 per share
Price / Cash20.71
Book Value$40.10 per share
Price / Book4.84

Profitability

EPS (Most Recent Fiscal Year)$4.70
Net Income$160.26 million
Net Margins13.66%
Return on Equity13.96%
Return on Assets3.55%

Miscellaneous

Employees3,300
Outstanding Shares43,080,000
Market Cap$8,445.99

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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 has authorized a share 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 purchase shares of its stock through open market purchases. Shares buyback plans are generally 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, 3rd. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.08. The business services provider earned $354.83 million during the quarter, compared to analyst estimates of $340.04 million. WEX had a net margin of 13.66% and a return on equity of 13.96%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. View WEX's Earnings History.

When is WEX's next earnings date?

WEX is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for WEX.

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

WEX issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share guidance of $7.75-8.15 for the period, compared to the Thomson Reuters consensus estimate of $7.68. The company issued revenue guidance of $1.435-1.475, compared to the consensus revenue estimate of $1.43 billion.WEX also updated its Q2 guidance to $1.96-2.06 EPS.

What price target have analysts set for WEX?

13 Wall Street analysts have issued 1 year target prices for WEX's stock. Their forecasts range from $115.00 to $230.00. On average, they expect WEX's share price to reach $161.6667 in the next year. This suggests that the stock has a possible downside of 16.7%. View Analyst Ratings 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 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Who are some of WEX's key competitors?

Who are WEX's key executives?

WEX's management team includes the folowing people:
  • Mr. Michael E. Dubyak, Exec. Chairman (Age 67)
  • Ms. Melissa D. Smith, CEO, Pres and Director (Age 49)
  • Mr. Roberto R. Simon, Chief Financial Officer (Age 44)
  • Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 56)
  • Mr. Jeffrey Alan Young, Pres of Health (Age 52)

Has WEX been receiving favorable news coverage?

News coverage about WEX stock has trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. WEX earned a media sentiment score of 0.05 on Accern's scale. They also assigned headlines about the business services provider an impact score of 45.47 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are WEX's major shareholders?

WEX's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.37%), Copper Rock Capital Partners LLC (0.11%), Empowered Funds LLC (0.02%), Xact Kapitalforvaltning AB (0.02%) and State of Alaska Department of Revenue (0.01%). Company insiders that own WEX stock include Eric Duprat, George W Hogan, Hilary A Rapkin, James Neary, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Scott Robert Phillips and Stephen R Crowley. View Institutional Ownership Trends for WEX.

Which institutional investors are buying WEX stock?

WEX stock was bought by a variety of institutional investors in the last quarter, including Empowered Funds LLC, Bank of Montreal Can, Copper Rock Capital Partners LLC, Xact Kapitalforvaltning AB and State of Alaska Department of Revenue. 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 $194.04.

How big of a company is WEX?

WEX has a market capitalization of $8.45 billion and generates $1.25 billion in revenue each year. The business services provider earns $160.26 million in net income (profit) each year or $4.70 on an earnings per share basis. WEX employs 3,300 workers across the globe.

How can I contact WEX?

WEX's mailing address is 97 DARLING AVENUE, SOUTH PORTLAND ME, 04106. 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:  2.3 out of 5 (star star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  346 (Vote Underperform)
Total Votes:  637
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 7/16/2018 by MarketBeat.com Staff

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