NYSE:WEX - WEX Stock Price, Forecast & News

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

WEX Inc (NYSE:WEX) posted its quarterly earnings results on Thursday, February, 13th. The business services provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.56 by $0.05. The business services provider earned $440.05 million during the quarter, compared to analyst estimates of $455.69 million. WEX had a net margin of 5.74% and a return on equity of 19.61%. The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.02 EPS. View WEX's Earnings History.

WEX is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for WEX.

WEX updated its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $10.15 to $10.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.55. The company issued revenue guidance of $1.86 billion to $1.90 billion, compared to the consensus revenue estimate of $1.93 billion.

16 brokerages have issued 1-year price targets for WEX's stock. Their forecasts range from $200.00 to $260.00. On average, they expect WEX's stock price to reach $239.67 in the next year. This suggests a possible upside of 27.3% from the stock's current price. View Analyst Price Targets for WEX.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WEX.

Media stories about WEX stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. WEX earned a media sentiment score of 1.5 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 effect on the stock's share price in the immediate future. View News Stories for WEX.

WEX saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 1,360,000 shares, an increase of 22.5% from the January 30th total of 1,110,000 shares. Based on an average trading volume of 284,800 shares, the short-interest ratio is presently 4.8 days. Currently, 3.2% of the company's stock are short sold. View WEX's Current Options Chain.

Some companies that are related to WEX include Visa (V), Mastercard (MA), Fidelity National Information Servcs (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), Worldpay (WP), Paychex (PAYX), FleetCor Technologies (FLT), Total System Services (TSS), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), Genpact (G) and Euronet Worldwide (EEFT).

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

WEX's stock is owned by many different of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (8.25%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (2.85%), State Street Corp (2.34%), William Blair Investment Management LLC (2.01%), Echo Street Capital Management LLC (1.18%) and Bank of New York Mellon Corp (1.14%). Company insiders that own WEX stock include David G Cooper, Hilary A Rapkin, Jack Vanwoerkom, 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 Victory Capital Management Inc., Victory Capital Management Inc., Jupiter Asset Management Ltd., Braun Stacey Associates Inc., FMR LLC, First Trust Advisors LP, Bank of New York Mellon Corp and PNC Financial Services Group Inc.. 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, Regina O Sommer, Roberto Simon, Rowland Moriarty and Scott Robert Phillips. View Insider Buying and Selling for WEX.

WEX stock was purchased by a variety of institutional investors in the last quarter, including Bain Capital Public Equity Management II LLC, Echo Street Capital Management LLC, UBS Group AG, Bank of America Corp DE, TD Asset Management Inc., Blair William & Co. IL, Barclays PLC and Davis R M 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, Robinhood, Fidelity and Charles Schwab.

One share of WEX stock can currently be purchased for approximately $188.29.

WEX has a market capitalization of $8.15 billion and generates $1.72 billion in revenue each year. The business services provider earns $99.01 million in net income (profit) each year or $8.34 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]