S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:WEX

WEX (WEX) Stock Forecast, Price & News

$157.69
-0.59 (-0.37%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$154.25
$160.60
50-Day Range
$150.52
$182.08
52-Week Range
$123.01
$208.38
Volume
320,978 shs
Average Volume
413,463 shs
Market Capitalization
$7.09 billion
P/E Ratio
57.13
Dividend Yield
N/A
Beta
1.62
30 days | 90 days | 365 days | Advanced Chart
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WEX logo

About WEX

WEX Inc. provides financial technology services in the United States and internationally. 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 processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly 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 solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly 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. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. 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 based in Portland, Maine.

Headlines

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Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
96208T10
Employees
5,600
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.85 billion
Cash Flow
$14.12 per share
Book Value
$42.82 per share

Profitability

Net Income
$140 thousand
Pretax Margin
16.00%

Debt

Price-To-Earnings

Miscellaneous

Free Float
44,423,000
Market Cap
$7.09 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/28/2022
Today
5/21/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.51 out of 5 stars

Business Services Sector

73rd out of 462 stocks

Business Services, Not Elsewhere Classified Industry

31st out of 141 stocks

Analyst Opinion: 3.3Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













WEX (NYSE:WEX) Frequently Asked Questions

Is WEX a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WEX stock.
View analyst ratings for WEX
or view top-rated stocks.

When is WEX's next earnings date?

WEX is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for WEX
.

How were WEX's earnings last quarter?

WEX Inc. (NYSE:WEX) posted its quarterly earnings data on Thursday, April, 28th. The business services provider reported $2.88 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.19. The business services provider had revenue of $517.54 million for the quarter, compared to the consensus estimate of $507.87 million. WEX had a net margin of 6.41% and a trailing twelve-month return on equity of 21.38%. The firm's quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS.
View WEX's earnings history
.

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

WEX issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $12.40-$12.80 for the period, compared to the consensus earnings per share estimate of $11.72. The company issued revenue guidance of $2.15 billion-$2.19 billion, compared to the consensus revenue estimate of $2.13 billion.

What price target have analysts set for WEX?

11 analysts have issued twelve-month price objectives for WEX's stock. Their forecasts range from $155.00 to $240.00. On average, they anticipate WEX's stock price to reach $203.25 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
View analysts' price targets for WEX
or view top-rated stocks among Wall Street analysts.

Who are WEX's key executives?
WEX's management team includes the following people:
What is Melissa Smith's approval rating as WEX's CEO?

116 employees have rated WEX CEO Melissa Smith on Glassdoor.com. Melissa Smith has an approval rating of 95% among WEX's employees. This puts Melissa Smith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of WEX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other WEX investors own include NVIDIA (NVDA), ServiceNow (NOW), PayPal (PYPL), Mastercard (MA), Shopify (SHOP), CrowdStrike (CRWD), Square (SQ), Home Depot (HD), Okta (OKTA) and Zoom Video Communications (ZM).

What is WEX's stock symbol?

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

Who are WEX's major shareholders?

WEX's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.33%), BlackRock Inc. (9.13%), Wellington Management Group LLP (9.12%), JPMorgan Chase & Co. (3.39%), Primecap Management Co. CA (2.71%) and State Street Corp (2.66%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Joel Alan Dearborn Jr, Kenneth Janosick, Melanie J Tinto, Melissa D Smith, Robert Joseph Deshaies, Roberto Simon and Scott Robert Phillips.
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., Goldman Sachs Group Inc., Primecap Management Co. CA, Federated Hermes Inc., Thompson Siegel & Walmsley LLC, Williams Jones Wealth Management LLC., Loomis Sayles & Co. L P, and Twin Tree Management LP. Company insiders that have sold WEX company stock in the last year include Melanie J Tinto, and Robert Joseph Deshaies.
View insider buying and selling activity for WEX
or view top insider-selling stocks.

Which major investors are buying WEX stock?

WEX stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Vanguard Group Inc., Hood River Capital Management LLC, Walleye Capital LLC, BlackRock Inc., State Street Corp, Pinebridge Investments L.P., and Massachusetts Financial Services Co. MA.
View insider buying and selling activity for WEX
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is WEX's stock price today?

One share of WEX stock can currently be purchased for approximately $157.69.

How much money does WEX make?

WEX has a market capitalization of $7.09 billion and generates $1.85 billion in revenue each year. The business services provider earns $140 thousand in net income (profit) each year or $2.759990 on an earnings per share basis.

How many employees does WEX have?

WEX employs 5,600 workers across the globe.

What is WEX's official website?

The official website for WEX is www.wexinc.com.

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, via email at [email protected], or via fax at 207-828-5181.

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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