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 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.
Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
Phone207-773-8171
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.49 billion
Profitability
Miscellaneous
Employees3,700
Next Earnings Date5/2/2019 (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 repurchase program on Tuesday, September 26th 2017, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.
How were WEX's earnings last quarter?
WEX Inc (NYSE:WEX) issued its quarterly earnings data on Wednesday, March, 20th. The business services provider reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.93 by $0.01. The business services provider earned $381.20 million during the quarter, compared to analyst estimates of $372.57 million. WEX had a net margin of 11.18% and a return on equity of 18.30%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS. View WEX's Earnings History.
When is WEX's next earnings date?
What guidance has WEX issued on next quarter's earnings?
WEX updated its FY19 earnings guidance on Wednesday, March, 20th. The company provided EPS guidance of $8.80-9.20 for the period, compared to the Thomson Reuters consensus estimate of $9.00. The company issued revenue guidance of $1, compared to the consensus revenue estimate of $1.74 billion.WEX also updated its FY 2019 guidance to $2.22-2.22 EPS.
What price target have analysts set for WEX?
12 brokerages have issued 1 year price objectives for WEX's shares. Their forecasts range from $167.00 to $235.00. On average, they expect WEX's share price to reach $195.90 in the next year. This suggests a possible upside of 4.7% from the stock's current price. View Analyst Price Targets for WEX.
What is the consensus analysts' recommendation for WEX?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 3 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 negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing 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 nearest to five being the most favorable. WEX earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 10.0 out of 10, indicating that recent press 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?
Some companies that are related to WEX include NetEase (NTES), Pinduoduo (PDD), First Data (FDC), Mercadolibre (MELI), Ctrip.Com International (CTRP), Global Payments (GPN), FleetCor Technologies (FLT), CoStar Group (CSGP), Total System Services (TSS), Msci (MSCI), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Nielsen (NLSN), Alliance Data Systems (ADS) and Etsy (ETSY).
What other stocks do shareholders of WEX own?
Who are WEX's key executives?
WEX's management team includes the folowing people:
- Mr. Michael E. Dubyak, Exec. Chairman (Age 68)
- Ms. Melissa D. Smith, CEO, Pres and Director (Age 50)
- Mr. Roberto R. Simon, Chief Financial Officer (Age 45)
- Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 57)
- Mr. Jeffrey Alan Young, Pres of Health (Age 53)
Who are WEX's major shareholders?
WEX's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.83%), Atlanta Capital Management Co. L L C (5.25%), Frontier Capital Management Co. LLC (2.19%), Victory Capital Management Inc. (1.19%), Bank of New York Mellon Corp (1.09%) and Geode Capital Management LLC (0.94%). Company insiders that own WEX stock include David G Cooper, George W Hogan, Hilary A Rapkin, Jack Vanwoerkom, James Neary, Melissa D Smith, Nicola S Morris, Regina O Sommer, Roberto Simon 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 Westfield Capital Management Co. LP, Victory Capital Management Inc., Columbus Circle Investors, Two Sigma Advisers LP, D. E. Shaw & Co. Inc., Candriam Luxembourg S.C.A., Bank of America Corp DE and First Trust Advisors LP. Company insiders that have sold WEX company stock in the last year include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, Melissa D Smith, Nicola S Morris, Regina O Sommer and Roberto Simon. View Insider Buying and Selling for WEX.
Which institutional investors are buying WEX stock?
WEX stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Norges Bank, FMR LLC, UBS Oconnor LLC, UBS Oconnor LLC, BlackRock Inc., Robeco Institutional Asset Management B.V. and Millennium 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 $187.08.
How big of a company is WEX?
WEX has a market capitalization of $8.07 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?
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)
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.
