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
SymbolNYSE:WEX
CUSIP96208T10
Phone207-773-8171
Debt
Debt-to-Equity Ratio1.20
Current Ratio1.45
Quick Ratio1.45
Price-To-Earnings
Trailing P/E Ratio40.91
Forward P/E Ratio25.91
P/E Growth1.78
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales6.62
Cash Flow$9.6333 per share
Price / Cash19.96
Book Value$40.10 per share
Price / Book4.80
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
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 announced that its board has initiated a share repurchase plan on Tuesday, September 26th 2017, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
How were WEX's earnings last quarter?
WEX Inc (NYSE:WEX) posted its earnings results on Thursday, May, 3rd. The business services provider reported $1.81 EPS for the quarter, beating the Zacks' consensus estimate of $1.73 by $0.08. The business services provider earned $354.83 million during the quarter, compared to the consensus estimate of $340.04 million. WEX had a return on equity of 13.96% and a net margin of 13.66%. WEX's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 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 FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS 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?
14 brokerages have issued 12 month 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 twelve months. View Analyst Ratings for WEX.
Who are some of WEX's key competitors?
Some companies that are related to WEX include Ctrip.Com International (CTRP), First Data (FDC), FleetCor Technologies (FLT), Global Payments (GPN), Total System Services (TSS), Msci (MSCI), Worldpay (WP), CoStar Group (CSGP), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), Alliance Data Systems (ADS), Mercadolibre (MELI), Zillow Group Inc Class C (Z), Zillow Group Inc Class A (ZG) and CIELO S A/S (CIOXY).
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 this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 coverage optimism score of 0.14 on Accern's scale. They also gave media headlines about the business services provider an impact score of 45.49 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are WEX's major shareholders?
WEX's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.82%), Atlanta Capital Management Co. L L C (7.09%), Neuberger Berman Group LLC (4.30%), JPMorgan Chase & Co. (4.24%), Wells Fargo & Company MN (2.46%) and Frontier Capital Management Co. LLC (1.70%). 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 major investors are selling WEX stock?
WEX stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Champlain Investment Partners LLC, Point72 Asset Management L.P., Wells Fargo & Company MN, Atlanta Capital Management Co. L L C, Sei Investments Co., Franklin Resources Inc. and Oak Ridge Investments LLC. Company insiders that have sold WEX company stock in the last year include George W Hogan, Hilary A Rapkin, James Neary, Melissa D Smith, Nicola S Morris and Scott Robert Phillips. View Insider Buying and Selling for WEX.
Which major investors are buying WEX stock?
WEX stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Frontier Capital Management Co. LLC, Columbus Circle Investors, BlackRock Inc., Westfield Capital Management Co. LP, WINTON GROUP Ltd, Braun Stacey Associates Inc. and A.R.T. Advisors 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 $192.28.
How big of a company is WEX?
WEX has a market capitalization of $8.14 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 (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.
