NYSE:WEX - WEX Stock Price, News & Analysis

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

WEX declared that its board has initiated 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 buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

WEX Inc (NYSE:WEX) announced its quarterly earnings results on Thursday, August, 1st. The business services provider reported $2.28 earnings per share for the quarter, topping 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 net margin of 6.84% and a return on equity of 17.88%. The company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the company 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 issued an update on its FY19 earnings guidance on Thursday, August, 1st. The company provided earnings per share (EPS) guidance of $9.10-9.35 for the period, compared to the Thomson Reuters consensus EPS 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 brokerages have issued 1 year price objectives 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 year. This suggests a possible upside of 10.1% 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 headlines about WEX stock have trended negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. WEX earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news stories 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 stock's share price in the immediate future. View News Stories for WEX.

WEX saw a decline in short interest in July. As of July 31st, there was short interest totalling 1,175,800 shares, a decline of 7.4% from the June 30th total of 1,269,900 shares. Based on an average trading volume of 302,100 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.8% of the company's stock are sold short. View WEX's Current Options Chain.

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

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

WEX's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.24%), BlackRock Inc. (9.00%), Janus Henderson Group PLC (8.37%), Atlanta Capital Management Co. L L C (5.14%), Wells Fargo & Company MN (3.16%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.81%). 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 Amundi Pioneer Asset Management 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, Scottrade, Fidelity and Charles Schwab.

One share of WEX stock can currently be purchased for approximately $203.27.

WEX has a market capitalization of $8.80 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]